Loans Administrator - AVP

Full Job Description

Overview of Citi:

Citi, the world leading global bank, has approximately 200 million customer accounts and a presence in more than 160 countries and jurisdictions worldwide. Citi provides consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Citi enables clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.

By joining Citi, you will become part of a global organization whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

The role:

Your purpose will be to provide Citi with the operational capacity to fulfil the functions created within the framework of the Syndicated Loan Agreements entered into between Citigroup, 3rd party Lenders, Borrowers and other customers of Citi. The mission is to provide a high quality and consistent level of service to all entities throughout the life cycle of the loan. On a daily basis you will interact with borrowers and lenders. This is a Loans Subject Matter Expert role, to manage the day-to-day administration of a portfolio of complex syndicated loan facilities.

Key Responsibilities:

• Authorising new facilities and tranches
• Monitoring the daily diary for upcoming loan events on a small complex portfolio in London;
• Processing loan drawdowns, rollovers, interest payments, repayments, and prepayments;
• Ensuring that all events are handled in accordance with the loan documentation;
• Maintaining an accurate record of static data for all loans in the Flexcube database;
• Booking all Loan activities on the Flexcube Product Processor;
• Billing borrowers for interest, principal payments, fees and expenses;
• Fixing interest and FX rates and advising borrower and lenders;
• Effecting payments to the borrowers and lenders;
• Communication of transactional events to borrowers and lenders;
• Invoicing and settling of fees;
• Processing payments to Export Credit Agency
• Ensuring all relevant payments are made prior to cut-off times, and reconciled;
• Reviewing and  investigating all cash exceptions on a daily basis;
• Performing call back procedures where needed;
• Processing secondary loan transfers.
• Record and track all transfer certificates received.
• Ensure transfers are actioned in accordance with the terms and conditions of the agreements.
• Liaise with KYC On-boarding team to arrange for KYC to be performed.
• Agree on settlement date with all parties.
• · Ensure all transfer certificates are validated and processed in a timely manner.
• Primary Syndication Deals
• Liaise with Front office and Agent office from the offset to confirm all aspects of the Primary Syndication
• Ensure KYC is completed and liaise with Static maintenance team to ensure set up is completed promptly
• Daily updates and stats provided to Management to track progress
• Management and organisation of high volume Syndications of 100+ Lenders
• Ensure all settlement dates are agreed through Clearpar and deadlines met
• Original documentation management
• Track and collate all CP and CS documents, liaising with external counsel for any missing documentation.

• Record updates in relation to any deals.

• Manage archiving process and maintain records for loans portfolio.

What we will need from you;

• Independently processing and closing loans
• Booking cash transitions
• Strong communication skills
• Ability to multi-task

What we Offer

As well as a competitive salary and consideration for a yearly discretionary bonus Citi offer:

• Award winning pension scheme,
• Life assurance and
• Private medical insurance

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Job Family Group:

Operations - Transaction Services

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Job Family:

Loan Documentation and Processing

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Time Type:

Full time

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .

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View the EEO Policy Statement .

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