Syndicated Loan Administrator - Detroit, MI

APPLY NOW

The Syndicated Loan Administrator (SLA) is responsible for the day-to-day activity of syndicated loans where Comerica is the administrative agent. They will have a dedicated portfolio of syndicated deals and work directly with external customers, bank participants and internal partners such as Loan Operations (LTS) and loan groups.
 
Position Responsibilities:

• Oversee the daily administration of a syndicated loan where Comerica is the admin agent including advance requests, paydowns and rate options with borrower.
• Work directly with the Borrower and RM/PM to handle any questions or problems which arise such as break-fundings, over-formula issues, multi-currency calculations, swaps etc.
• Interface with, RM/PM, borrowers, attorneys, LTS (servicing, boarding, loan closers) and participant banks to successfully close and fund transactions following the parameters of the credit agreement.
• Create and maintain spreadsheet files for each borrower to confirm accuracy of interest, balance, commitments and fee accruals to AFS.
• Ensure unused fees are computed correctly by monitoring loan sweep and Letter of Credit activity.
• Work with foreign currency loans, foreign wires, and the foreign exchange area.
• On a monthly and quarterly basis, interface with borrowers, RM/PM and participant banks to ensure all principal, interest, and fees have been correctly calculated and loaded on the AFS system. * Prepare billings for borrowers and notifications for participants outlining payments of principal, interest and fees for the period. Track and report fee collections monthly for internal reporting purposes.
• Address problem inquiries from loan groups, RM/PM and participant banks, and borrowers on a timely basis.
• Work in a team environment with deadline oriented tasks.