Syndicated Loan Analyst

Job title:

Syndicated Loan Analyst

Company

Royal Bank of Canada

Job description

Job Summary • The primary objective of the position is to provide day-to-day servicing/administration of an assigned group of Syndicated facilities for which Royal Bank of Canada is Agent and their related loan drawings, fees, and interest schedules.

• Responsible for ensuring loan integrity and compliance against bank policies and loan credit agreement.
• The competence with which the incumbent’s duties are carried out has a major impact on the credibility of the department, both within and outside the Bank. The role of Agent is highly visible and affects the Bank’s ability to obtain Syndication and Agency mandates. Failure to perform in an efficient and competent manner can not only jeopardize the Bank’s reputation but can also result in significant material losses.
• The incumbent must display a clear understanding of the administrative aspects of each assigned deal to resolve the various requests for interpretation and action that arise daily.

Job DescriptionPrimary Responsibilities:Process transactions in core operating system upon requests from assigned Borrowers for advances, rollovers, conversions, or repayments; ensure notice and limit requirements are met, participants are notified, rates are set, and payments are made in accordance with the relevant Credit AgreementProcess interest and fee transactions in core operating system as required by the Credit AgreementWhere instructed, notify syndicate of pricing and limit changes as required by the Credit Agreement and within established time frames. Create and obtain EUC approval for manual spreadsheets as necessary, to record all transactions and calculations that cannot be processed in core operating system.Where required, arrange for the return of any shares/other possessory collateral to Lenders’ counsel and arrange for cancellation of outstanding LC’s if held as collateral.Maintain a series of Word templates with up-to-date standard instructions to be used as needed for notifications, letters, and fax coversheets.Input manual payments in alternate as required for payments which cannot be processed through core operating system.Manage and monitor accounts requiring special handling – Special Loans Accounts/Daily Cash Sweep Accounts/Construction- Real Estate accounts.Assist Deal Managers on assigned deal closings, ensuring notice and funding requests are processed in accordance with internal guidelines and on a timely manner.Assist with the daily reconciliation of the Agency internal accounts by following up for missing or excess funds.Investigate discrepancy reports daily and input comments where required.Act as a backup to other Analysts and provide training to new hires when required.Identify gaps in processes and recommend changes to minimize operational/reputational risk.Complete assigned courses on WorkDay by due datesDetails regarding the types of experience required:Knowledge of lending products, rate-setting methods, and payment methodsProficiency in Excel, Word. Previous exposure to ACBS considered an asset.Proven ability to work effectively both independently and within a team environmentProven ability to prioritize, work under pressure and meet time sensitive deadlinesStrong organizational and problem-solving skills; detail orientedAbility to respond effectively to requests from borrowers and participants especially for accommodations which fall outside the parameters of the Credit AgreementExcellent written and oral communication skillsEducation, certification and designation requirementsRequired: University degree, experience in financial industry or a combinationAdditional capabilities and skillsKnowledge of CORE OPERATING SYSTEM is an assetJob Skills Active Learning, Adaptability, Business Appraisals, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process ImprovementsAdditional Job DetailsAddress: 120 WESTERN PKY:BEDFORDCity: BEDFORDCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: Capital MarketsJob Type: RegularPay Type: SalariedPosted Date: 2024-07-24Application Deadline: 2024-08-07Inclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Expected salary

Location

Halifax, NS

Job date

Fri, 26 Jul 2024 00:07:11 GMT

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