The Loan Administration Unit (Agency/Bilateral Loan Administration) AVP is responsible for assisting the Section Head in supervising the Agency / Bilateral Loan Administration Section; ensures accurate and timely administration / servicing of the Bank's agented loan portfolio; ensures daily activity comply with state and federal laws, regulations and Bank lending policies and procedures; ensures department activities run smoothly and efficiently; provides leadership, training and supervision within the department; and provides a high level of customer relations and service. The Loan Administration Unit (Agency/Bilateral Loan Administration) AVP help assist in transaction approval as required, support a complex loan portfolio, and is required to be fully knowledgeable and skilled in all areas of servicing syndicated and bi-lateral loan facilities.
LAU AVP is responsible for all phases of new Agency deal closing process wherein Mizuho's role is as Administrative Agent or direct lender. 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, etc.).
LAU 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.
PRINCIPLE DUTIES AND RESPONSIBILITIES:
General Duties
Act as Mizuho LAU representative in coordinating transactions between customers, Agent Banks, Participant banks, Front office, Americas Treasury Division (ATD) and other parties
Manage the administrative aspect of all New Deal Closings. Calculating, invoicing and disbursing all deal related fees. Coordinating movement of funds related to initial funding and closing. Work closely with Borrower and Bank Group.
Report to Management, Supervisors and Account Officer all transactions that require special handling or approval.
Credit Arrangement Maintenance
Review, release and approve traditional loan deals processed by administrators
Maintain high level of technical support to Loan Administration staff, account officers and client base
Independently manage administrative processes for complex loan deals
Provide consultative support to Account Officers on operational deal structure issues
Review Document and Facility Instruction Sheet / CA Booking Request in order to compare loan documentation to Credit Approval and ensure that the structure and content are identical; and to create or maintain Accurate Credit Arrangements in ACBS
Commercial Loan Maintenance
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.
Maintaining and monitoring Fronting LC, Invoice Discounting and Risk Participations. Monitoring and distributing Financials when due. Interact 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
Act as a trouble-shooter for deal management related problems
Communicate with treasury to confirm discrepancies in funding rates
Interact with customers for all cash movement activity
Reconcile statement to ledger entries
Others
Participate in various short-term projects to maintain data integrity
Maintain filing and billing
See attached for delegated duties
(Exception Duties (As requested by UH)
Independently manage all collateral requirements for credit deals
Advise Account officers of all collateral shortfalls
Perform periodic data integrity checks
Duties as assigned
Undertakes special projects, and assumes other duties, as assigned, completing such tasks on time.
Compliance
Obtain a basic understanding of the applicable rules and regulations that govern the Bank. Understand that all questions and/or clarification about such rules and regulations should be directed to the Americas Legal and Compliance Division. Attend Annual Compliance Training presented by the Americas Legal and Compliance Division. Read and respond as necessary to all compliance-related reference and directive materials received. Comply with the Bank's "Code of Conduct".
Designated as person responsible for reporting potentially prohibited transaction(s) (OFAC related) upon detection.
QUALIFICATIONS:
Seven years or more of loan product experience as Administrative Agent
Experience with loan operating systems: ACBS, LoanIQ
Experience with specialized lending products (e.g. Asset Securitization, Leasing, Collateralized Loan Obligations, Project Finance, Loan Trading, and or Credit Derivatives, as necessary)
Experience with compliance in a lending area
Experience with collateral evaluation procedures
Proficient in management of lending products
Be thorough and accurate and demonstrate attention to details
Competent written and oral communications skills
Organizational skills and to work well under pressure
Ability to identify and solve problems
Strong knowledge of wire transfer (FED,CHIPS,SWIFT)
The expected base salary ranges from $77,000 - $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.
