Apply on Employer Site

Chase · 2 months ago

Associate I - Global Fund Services Bank Loans

8181 Communications Pkwy Bldg A, Plano, TX, 75024, US

Full-time

Onsite

Entry Level

2+ years exp

Chase is a leading financial institution, and they are seeking an Associate I within their Bank Loan Administration team. This role involves managing trade instruction capture, settlements, and lifecycle events for bank loan assets while collaborating with various internal and external partners to ensure seamless operations and exceptional client service.

BankingFinancial Services

Responsibilities

Understand of all aspects of loan or deal administration functions (including all aspects of funding)

Be responsible for the bank loan life cycle events including paydown, drawdown, interest rate resets, payment-in-kind interest calculations, delayed compensation accruals / calculations and trade settlements

Develop a thorough knowledge of our client base and building relationships with Investment Managers and other related third parties. Work closely with your clients to resolve queries and providing first level account service

Create, maintain and update procedures for client specific deliverables

Review of daily controls and communication of any new training or procedural changes to the team; ensure that all controls and procedures outlined in the procedures manual and general company policies are complied with across all groups

Ensure all scheduled work is completed by agreed deadlines, checklists are signed and files contain all required documentation; work cooperatively and effectively with others to set goals, resolve problems, and make decisions that enhance organizational effectiveness

Assist in testing and implementation of system enhancements as required

Qualification

Bank debt operationsTrade settlementsLSTA/LMA documentsFinancial data providersAccounting principlesCommunication skillsAttention to detailDecision-making skillsTime managementFlexibility

Required

Bachelor's degree, with minimum 2 years relevant work experience in bank debt / leveraged loan operations

Excellent communication and relationship/partnership-building skills both with team members as well as other business partners

Strong attention to detail with a control mindset, time management, planning skills and the ability to handle multiple competing priorities

Demonstrates flexibility and willingness to accept new assignments and challenges in a rapidly changing environment

Strong decision-making skills, ability to identify problems and propose solutions. Exhibit initiative to raise issues to appropriate/relevant parties when needed

Preferred

Knowledge of LSTA/LMA standard documents, such as Trade Confirmations

Knowledge of financial data providers such as Bloomberg, ClearPar, and IHS Markit; investment vehicles related to bank debt (CLOs, private equity funds, etc.)

Strong understand of accounting principles, specifically how bank debt transactions impact financial statements

Bachelor's degree, preferably Finance, Accounting, or Economics