Syndication Loan Administrator

Introduction:Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement.

Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Asia markets. With a strong foundation, and enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.
Overview:The Loan Syndication Administrator is responsible for administering and servicing syndicated and participated loan activities, such as handling advances, payment, LIBOR pricing, fee and overall maintenance of the loans where EWB is the lead/agent or EWB is a participating bank.
Responsibilities:

• Receive and review borrower’s request or Lead Bank’s request to advance funds against line of credit ensuring proper availability and process Advances on the loan system
• Receive funds via Wire and notices from Lead Banks to post payments on the loans and clear wire suspense timely
• Receive notices requesting loan advance and verify that all provisions have been met and process the advance on the loan system and disburse the funds to the Lead Bank in accordance with the Agreement
• Calculate the amounts/shares applicable to each participating bank regarding advances and payments
• Prepare notices requesting advance of funds from participating banks and post accordingly upon receipt of funds
• Post payments upon receipt from the borrower and or Lead Bank and monitor receipt of wires
• Prepare notices of receipt of payments to participating banks and wire funds accordingly
• Monitor interest Index, repricing and provide rate change notices to participating bank or process rate changes upon receipt of notice from Lead Bank
• Prepare wire instructions and submit funds to participating banks or upon request from lead bank to disburse funds.
• Prepare Fees Notices with proper fee computations
• Process Notes Sales with premium/discount as requested by the lending team in accordance with Accounting Dept.’s note sale accounting entries
• Monitor delinquencies and work with Lead Bank to settle and delinquencies due to syndication administrative issues
• Reconstruct disputed loan accounting with Lead Bank
• Reconcile the Wire Account in suspense for timely posting of funds received
• Act as a liaison between relationship managers and the Lead Bank
• May assist in creating/establishing procedures in support of the Loan Syndication Administration
• Support other projects as assigned by the Manager
• Respond to all internal and external customer inquiries
• Perform other duties as assigned

Qualifications:

• Bachelor’s degree in Business, Finance or Accounting preferred or equivalent experience
• Experience in the Commercial Loan Servicing preferred
• Experience with Syndications working directly with Lead Bank or participating banks preferred
• Advanced knowledge of Syndication industry practice and processes
• Commercial loan accounting system experience required with FIS preferred
• Broad knowledgeable of Loan Documents with outside counsel prepared documents preferred
• Ability to provide excellent customer service
• Ability to multi-task, adapt quickly to changes and work effectively in a fast-paced environment
• Must be a self-starter and possess positive attitude with good organizational skills
• Thorough knowledge of Microsoft software, inclusive of Word and Excel
• Document Imaging system experience required
• Excellent written and verbal communication skills required
• Good organizational, analytical and problem-solving skills
• Ability to build effective relationships as needed to effectively address issues and obstacles

Compensation: The base pay range for this position is USD $25.00/Hr. - USD $28.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.

Location: 9090 Katy Freeway Suite 300, Houston, TX 77024

Job Type: Full-time

Pay: $25.00 - $28.00 per hour