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As a core member of our Loan Services team, you will be working with some of the industry's most accomplished professionals to deliver award‐winning services for the world's largest alternative credit lenders. Citco's total loan portfolio exceeds $100B, across a variety of asset and loan types including publicly traded bank debt, private syndications, middle‐market transactions, and commercial real estate. We provide shadow and direct loan agency.
This is an analytical and multi‐faceted role that requires the team member to analyze and maintain a range of complex bank loan security types and lifecycle events in support of loan agency administrative functions and documentation preparation.
Your Role:
* Direct the process for review and execution of agreements under which Citco will perform and provide Administrative Agent functions in accordance with LSTA/LMA practices and guidelines.
* Accurate processing of daily loan transactions and credit events including trade settlement, principal pay‐downs, drawdowns, contract roll‐overs, rate setting, and PIK capitalization.
* Ensuring completeness and accuracy of position, accrued interest and cash data in the loan system and underlying accounting platform.
* Prepare invoicing and remittance notices to applicable parties.
* Manage the original settlement and closing process including transfer of participants and co‐lenders as needed.
* Provide any and all additional support prescribed in the underlying administration agreement.
* Monitor bank accounts and reconcile against expected cash inflows and outflows.
* Act as an escalation point of contact for client queries/requests and drive resolution of issues relating to client accounts.
* Lead a number of medium‐size projects in line with the growth of the Loan Services team associated to technology enhancements and process improvement.
* Assist senior management with downstream tasks as applicable.
* Work to continuously ensure operational controls are of the highest standard.
About You:
* Minimum of 7 years' experience in a Loan Agency Administration and Servicing.
* Experience with a range of debt product types including syndicated (par & distressed), bilateral, direct lending originations, commercial real estate loans, total return swaps, letters of credit.
* Proven experience in maintaining a control environment and adhering to standard operating procedures.
* Flexible and comfortable adapting to fluid operational requirements and deliverables.
* Track record of delivering efficiency‐gain projects.
* People‐management experience; managing teams of 10+ is a distinct advantage.
* Experience building teams from the ground up or guiding a team through transition.
* Familiarity with Sentry PM or Cassiopeia is a distinct advantage.
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Salary match | Number of applicants | Skills match
Your application will include the following questions:
* Which of the following statements best describes your right to work in Australia?
* What's your expected annual base salary?
* How many years' experience do you have as a Loan Administrator?
As a highly‐respected name in our industry, the Citco Group of Companies is known as both a high‐quality service provider and forward‐thinking partner. The founding family still runs Citco and continues to provide a broad range of financial services to our clients worldwide. True to our founding principles, we tailor our solutions to clients' exact needs, continually investing in our network to deliver the highest‐quality solutions.
Citco offers a huge depth and breadth of expertise in administration, governance and related services. As an industry leader for more than 75 years, we have deep expertise in the full range of fund strategies, different investors' requirements, multinational governance and private client estate planning.
Operating from 40 countries across three continents, we have local knowledge across the world. With an average of more than 30 years' service, our senior management team is highly experienced. SOC 1, Type 2‐certified processes testify to our exceptional service delivery.
Citco's people set us apart. Our senior management professionals include some of our industry's most experienced. Recognised as thought leaders, they are respected for their specialist knowledge and insight. They lead well‐trained teams, which possess technical skills and expertise.
Throughout Citco, there is a culture of service excellence. Our people have one absolute priority – to meet, even to exceed, clients' expectations.
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