Loan Servicing Operations Associate

New York, NY



  • Repair agented and non-agented loans. Converse in a suitable and well-timed manner with borrowers, contributing lenders, and agents. Process all life-cycle activity of loans and associated securities, involving purchase/sales, principal payments, interest rollovers, etc.
  • Reading and comprehending of credit agreements and agent-generated activity notices.
  • Work with fund administrator to reconcile position and P&L breaks.
  • Perform daily book vs broker cash reconciliation.
  • Loan Settlements: Work with counsel in reviewing trade documents, pricing and work with counterparty on settlement date. Calculate cost of carry and delayed compensation for any delayed settlements.
  • Computing IRR calculations. Other:
  • Working closely with deal professionals, auditors, borrowers, lenders, participants, trustees, legal teams, tax, treasury, and accounting to provide highest standards of service through the full lifecycle of the security.
  • Analyze P&L, including realized and unrealized calculation, calculating FX P&L on foreign securities, interest accrual calculations as well as cost relief analysis.
  • Coordinate closing flow of funds, making sure there is available cash by fund for settlement and working with treasury to make sure all wires are executed.




  • 3 to 5 years’ experience in Loan Operations and/or Accounting applying Wall Street Office.
  • Accustomed with WSO Administrator/Agent, VPM, ClearPar, SAP-Business Objects is a bonus.
  • Solid background and work involvement in finance, private equity background is a plus.
  • Knowledge of pro-rata weighted average cost of paydowns.
  • Understanding P&L, Economic Benefit, Delayed Comp Fees, Par vs. Distressed Loans, PIK loans.
  • Comprehension of upstreams vs. downstreams, trades inventory.
  • Exposure to TRS, Swaps





Note: Qualified candidates will be contacted within 2 business days of application. If an applicant does not meet the above criteria, we will keep your resume on file for future opportunities and may contact you for further discussion.

Date Posted 2/24/2020
Salary $75,000 - $95,000 + bonus

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