Loan Servicing Account Manager Job in Houston, Texas US
Loan Servicing Account Manager
The Loan Servicing Account Manager provides operational support to Investment Bank for syndicated credit structures agented by the company or bilateral loans extended to a borrower solely by the company. This position is responsible for administering a portfolio of approximately 30-40 syndicated accounts. The account manager has direct contact with borrowers, lenders, and business partners while performing loan servicing facets. Essential Responsibilities: Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements Calculation and tracking of complex interest and fee accruals at various rate levels across changing lender distributions Reconcile daily funding and payment activity to account for all daily cash transactions Read and interpret complex legal credit agreements and related documentation working with attorneys when applicable Initiate and reconcile automated funds movement in accordance with client/lender instructions Monitor and escalate past due principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients timely and accurate invoices Maintenance of margin changes and proper communication to bank group Provide information as requested by Clients, Business Partners, Middle Office, or Lenders Monitor control reports updating applicable comments Participate in system testing, as needed, which may occur during non-business hours Assist with any administrative tasks associated with the terms of a Credit Agreement; Perform quality control on new deals, restructures and amendments by thoroughly understanding the credit agreement verifying system set up accuracy Back up co-workers; work with various special projects or other tasks as assigned