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Agency Loan Administrator
- Mizuho Corporate Bank (New York, NY)
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The Agency Loan Administration Unit (LAU) AVP supports the Section Head in the Closing Team Section and is expected to be fully knowledgeable and skilled in all areas of closing and servicing syndicated and bilateral loan facilities. The AVP is responsible for ensuring accurate and timely execution of transactions, compliance with federal and state regulations as well as bank lending policies, while maintaining smooth department operations and delivering high-quality client service. The AVP assists in transaction approvals and training staff.
The AVP is responsible for overseeing new Agency deal closings where Mizuho serves as Administrative Agent, direct lender or participant. This includes providing expertise and guidance during pre-closing meetings, reviewing and providing comments on credit agreement and other closing documentation, coordinating funds flow, fee allocations and disbursement of funds and lender notification, and building deal in lending system. Attention to detail is imperative especially with complex transactions (i.e. Project Finance, Securitization, ABL, etc.).
The AVP will have exposure to and will handle various products such as ABL, equity fund finance and residential mortgage, as well as service Left Lead Institutional Term Loan B deals with frequent and multiple lender trades daily and/or weekly.
PRINCIPAL DUTIES AND RESPONSIBILITIES:
General Duties
Represent Mizuho LAU in coordinating transactions among Borrowers, Lender Group, Agent Banks, Front office, Americas Treasury Division (ATD), Middle Office, CLM, Tax Ops and other parties
Manage the administrative aspect of all new deal closings
Calculate, invoice and disburse all deal related fees
Review Funds Flow and coordinate movement of funds related to initial funding and closing
Report to Management, Supervisors and Account Officer all transactions that require special handling or approval
Credit Arrangement Maintenance
Provide technical and consultative support to Loan Administration staff and account officers
Independently manage administrative processes for complex loan deals
Review legal documents and Facility Instruction Sheet to create and maintain accurate facility structures in ACBS
Commercial Loan Maintenance
Exercise restricted transaction approval authority
Responsible for the daily maintenance of the commitment facilities including monitoring borrowing status, prepare new borrowings, rollovers, rate sets, conversions, repayments and prepayments
Calculate, invoice and disburse ongoing interest and fee payments from a Borrower and/or Lender perspective
This includes agency and amendment fees as well as all monthly and/or quarter end activity
Monitor and distribute Financials when due
Coordinate with Treasury on rate settings for foreign currencies and USD loans
Responsible for verifying integrity of transaction
Accountable for ongoing quality, integrity and completion on all data
Reconciliation
Trouble-shoot deal management issues
Resolve discrepancies with Treasury on funding rates
Communicate with Borrowers and Lenders for all cash movement activities
Reconcile statement to ledger entries
Others
Participate in various short-term projects to maintain data integrity
Maintain filing and billing
Exception Duties (As requested by UH)
Perform periodic data integrity checks
Undertake special projects, and assume other duties, as assigned.
Compliance
Maintain a working knowledge of the applicable rules and regulations that govern the Bank. Seek guidance from the Americas Legal and Compliance Division, as needed. Adhere to the Bank’s “Code of Conduct” and complete required annual compliance trainings
QUALIFICATIONS:
+ Bachelor’s degree required
+ 7+ years or more of syndicated loans experience as Administrative Agent or Deal Closer at a major bank or financial institution
+ Experience with loan operating systems: ACBS, LoanIQ
+ Strong Excel skills preferred
+ Ability to perform manual invoicing and calculations, with a strong understanding of interest and repayments, and identifying discrepancies
+ Experience with specialized lending products (e.g. Term Loan B, Asset Securitization, Project Finance, Loan Trading, etc.)
+ High attention to detail and accuracy
+ Strong written and oral communication skills
+ Strong organizational and problem-solving skills, and ability to work well under pressure
+ Strong knowledge of wire transfer (FED, SWIFT)
The expected base salary ranges from $82,000 - $110,000. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.
Other requirements
Mizuho has in place a hybrid working program, with varying opportunities for remote work depending on the nature of the role, needs of your department, as well as local laws and regulatory obligations. Roles in some of our departments have greater in-office requirements that will be communicated to you as part of the recruitment process .
Company Overview
Mizuho Financial Group, Inc. is the 15th largest bank in the world as measured by total assets of ~$2 trillion. Mizuho's 60,000 employees worldwide offer comprehensive financial services to clients in 35 countries and 800 offices throughout the Americas, EMEA and Asia. Mizuho Americas is a leading provider of corporate and investment banking services to clients in the US, Canada, and Latin America. Through its acquisition of Greenhill, Mizuho provides M&A, restructuring and private capital advisory capabilities across Americas, Europe and Asia. Mizuho Americas employs approximately 3,500 professionals, and its capabilities span corporate and investment banking, capital markets, equity and fixed income sales & trading, derivatives, FX, custody and research. Visit www.mizuhoamericas.com.
Mizuho Americas offers a competitive total rewards package.
We are an EEO/AA Employer - M/F/Disability/Veteran.
We participate in the E-Verify program.
We maintain a drug-free workplace and reserve the right to require pre- and post-hire drug testing as permitted by applicable law.
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