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Agency Deal Administrator

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ING

Sep 16, 2024

  • Job
    Full-time
    Mid Level
  • Accounting & Tax
    Banking & Finance
  • New York
  • Quick Apply

AI generated summary

  • You must have a relevant degree, 4+ years in loan agency, Loan IQ proficiency, experience with web systems, strong analytical skills, attention to detail, and client-focused adaptability.
  • You will analyze credit docs, process loans, confirm rates, manage customer records, track compliance, distribute financial statements, monitor cash flow, and train new employees.

Requirements

  • Bachelor’s degree in finance, Accounting, Business, Economics, Mathematics, or closely-related quantitative field from an accredited U.S. school (or equivalent)
  • 4+ years of relevant loan agency experience
  • Strong understanding of origination and syndication process
  • Proficiency with Loan IQ required
  • Experience with web-based systems (DebtDomain and Clearpar)
  • Experience and familiarity with Credit Agreements and others related loan documentation
  • Strong problem solving and analytical skills
  • Strong focus on controls, procedures, quality, accuracy, and detail oriented
  • Self-motivated, confident, and committed to the company goals
  • Able to use MS-Office with advanced knowledge in Word, Excel and Power Point
  • Capable to function under stressful conditions
  • Ability to multi-task
  • Flexible and learning capacity to adapt to on-going changes
  • Client service oriented

Responsibilities

  • Analyze Credit Documentation and extract the necessary information for deal capture and booking in Lending System.
  • Processing borrowing and payment requests, arrange for funding/break funding, set rates, and renew maturing loan contracts.
  • Confirm rates and margin changes.
  • Calculation and billing of commitment, unutilized, letter of credit and agency fees.
  • Set-up and maintain customer records including administrative details and payment instructions (including the collection of original tax forms).
  • Work with closers and investors on assignment of loans.
  • Initial Set-up and monitoring of Covenant/Compliance Tracking.
  • Timely distribution of Financial Statements and Compliance Certificates.
  • Monitor commitment limits and expiration dates.
  • Monitor daily cash flow and investigate unidentified amounts in suspense account.
  • Respond promptly to all service requests from clients and investors.
  • Assist Manager in any special projects as needed.
  • Train and support new employees.
  • Direct Contact with Borrowers and Co-Lenders.

FAQs

What is the job title for this position?

The job title is Agency Deal Administrator.

What type of experience is required for this position?

A minimum of 4+ years of relevant loan agency experience is required.

What educational background is preferred for candidates?

A Bachelor’s degree in finance, Accounting, Business, Economics, Mathematics, or a closely-related quantitative field from an accredited U.S. school (or equivalent) is preferred.

What kind of skills are valued for this position?

Strong problem-solving and analytical skills, attention to detail, proficiency with Loan IQ, and experience with web-based systems such as DebtDomain and Clearpar are valued.

Is there an opportunity for career growth within ING?

Yes, ING offers plenty of scope to take your career in new directions, with a culture that encourages individuality and personal development.

What is the salary range for the Agency Deal Administrator position?

The salary range for this position is between $110,000 and $140,000.

What kinds of benefits does ING provide?

ING provides comprehensive health benefits, a generous 401k savings plan, competitive PTO, and additional benefits such as adoption, surrogacy, fertility services, student debt assistance, and subsidies for work-from-home expenses.

Are there any specific software proficiencies required for this role?

Yes, proficiency with Loan IQ is required, along with advanced knowledge of MS Office applications such as Word, Excel, and PowerPoint.

How does the company support its employees in terms of work environment?

ING has built a fun, friendly, and supportive culture where individuality is encouraged, and employees have the flexibility of a hybrid work model.

Is ING an equal opportunity employer?

Yes, ING is a committed equal opportunity employer and welcomes applicants of diverse backgrounds, hiring without regard to color, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law.

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ING

Empowering people to stay a step ahead in life and in business.

Finance
Industry
10,001+
Employees
1991
Founded Year

Mission & Purpose

ING is a pioneer in digital banking and on the forefront being one of the most innovative banks in the world. As ING we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or to tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realize their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers.