# Loan Operations Specialist

**Company**: Middle Office
**Location**: New York, New York, United States of America
**Work arrangement**: onsite
**Experience**: senior
**Job type**: full-time
**Salary**: $160,000 to $250,000
**Category**: Finance
**Industry**: Finance

**Apply**: https://mlp.eightfold.ai/careers/job/755954155761
**Canonical**: https://yubhub.co/jobs/job_fa810458-398

## Description

This role is responsible for ensuring all aspects of bank debt/leveraged loans operations/finance are completed, transactions are processed on time, exceptions are resolved proactively.

As a Loan Operations Specialist, you will cover end-to-end servicing of Bank Loan Assets, including trade instruction capture, settlement, fail management, cash instruction capture, reconciliations, asset servicing, instruction capture, and lifecycle management of bank loans.

Key responsibilities include:

- Basic understanding of loan or deal administration functions

- Oversight of bank loans life cycle events, including paydown/drawdown, interest rate resets, PIK interest calculations, delayed comp accruals/calculation & trade settlements

- Ability to interpret credit agreements and related documentation

- Work across teams to resolve queries and issues

- Ability to create new procedures, workflows, and build controls

- Assist in testing and implementation of systems and system improvements as required

To be successful in this role, you will need:

- A bachelor's degree in finance, accounting, or economics

- Detailed knowledge of the bank debt asset class, including primary and secondary market trading, with some exposure to loan closing preferred

- Strategic problem-solving skills with a consistent track record

- 7+ years of direct experience in loan operations, with exposure to distressed loans required

- Knowledge of LSTA/LMA standard documents and exposure to EUR loans

- Knowledge of SS&C Geneva and Murex, with exposure to Wall Street Office and ClearPar preferred

- Bloomberg is required

- Knowledge of TRS products is a plus

- Strong understanding of accounting principles, specifically how bank debt transactions impact financial documents

- Strong organisational skills with the ability to set priorities and handle multiple projects

- Strong analytical skills

- Superior communication skills

The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future. Millennium pays a total compensation package, which includes a base salary, discretionary performance bonus, and a comprehensive benefits package.

## Skills

### Required
- loan operations
- bank debt
- leveraged loans
- financial services
- credit agreements
- LSTA/LMA standard documents
- EUR loans
- SS&C Geneva
- Murex
- Bloomberg
- TRS products
- accounting principles