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Park Central Office; Columbus, OH; Cleveland, OH
Source: Huntington Bank careers · View original posting
From Huntington Bank's posting. “We” and “our” refer to the employer.
Description
Syndicated Loan Specialist
Summary
This role is responsible for the administration and servicing of syndicated leveraged loan transactions, with a primary focus on Term Loan B (TLB) structures and secondary market trade settlements. It involves managing complex loan closing and servicing activities, interpreting credit agreements, and ensuring timely and accurate execution of secondary loan trades in coordination with trading desks, counterparties, and settlement platforms.
Additionally, the role includes oversight of portfolio activities, processing of payments and advances, handling incoming and outgoing wire transactions, managing investor settlements, and ensuring accurate loan balancing, all while maintaining a high level of operational efficiency and attention to detail in a fast-paced environment.
Job Description/Key Responsibilities
Complete all incoming loan transactions within established SLAs, ensuring compliance with executed credit agreements.
Independently manage a portfolio of high-dollar Participated and Syndicated loans, primarily where Huntington acts as the Agent Bank.
Coordinate closely with Syndication Directors and legal counsel on upcoming closings and documentation reviews.
Book and maintain Syndicated loans in the ACBS loan system, ensuring accuracy and timeliness.
Monitor daily reports and wire Participant Banks their pro-rata share of loan activity by the next business day.
Prepare and distribute detailed transaction advices to Participant Banks, including rate options and fund transfers.
Process incoming and outgoing wires in coordination with Participant Banks and the Agent Bank.
Receive and interpret loan advices from the Agent Bank and execute same-day funding requests.
Research and resolve discrepancies in loan balances, interpret credit agreements, and review loan and rate histories.
Monitor and complete suspect reports, correcting accounting and billing errors in ACBS.
Balance and reconcile financial transactions and batches of work.
Assign and clear incoming wires to the appropriate processor within set standards.
Maintain high-quality standards and ensure data accuracy in all servicing activities.
Syndicated Loan Expertise
Interpret complex credit agreements and apply terms to operational processes.
Research and resolve discrepancies in loan balances, rate history, and payment allocations.
Collaborate with Participant Banks and internal teams to resolve servicing issues.
Support syndication loan closings by working with attorneys and business partners to fund large-dollar loans under tight deadlines.
Cross-Functional Support
Demonstrate flexibility by supporting Specialty Services functions such as Loan Sales, General Ledger reconciliation, Syndications, and Government Lending programs.
Assist with audits, compliance reviews, and internal reporting as needed.
Perform other duties as assigned.
Compensation
57,000.00 - 113,000.00 Annual
The compensation range represents the anticipated low and high end of the base compensation range for this position. Actual compensation will vary based on various factors including but not limited to location, experience, and education. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan.
In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.
Huntington is an Equal Opportunity Employer.
LAYIQ is an independent job-discovery service. This listing does not imply a partnership with or endorsement by the employer. Review the original posting for current details and availability.
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