Hollow Star Solutions · 19 hours ago
Loan Agency Associate
Illinois, United States
Full-time
Onsite
Entry Level
$40K/yr - $80K/yr
2+ years expHollow Star Solutions is an internationally recognized HR consultancy firm, and they are seeking a Loan Agency Associate. The role involves acting as a liaison between borrowers and lenders, maintaining knowledge of relevant portfolios, and ensuring compliance with loan-related documentation.
Computer Software
Hiring Manager
Iqra Noureen
Responsibilities
Act as liaison between borrowers and lenders, collaborate with other parties within the industry, including legal counsel, trustees and other third party service providers
Maintain a working knowledge of all relevant portfolios and deal related documentation
Reference, understand and extract Credit Agreement and governing document information to ensure compliance and update the Agency system accordingly
Use judgment, interpretation and problem-solving to understand loan related information
Calculate, invoice and disburse all deal related fees; collect and disburse interest, principal, fee payments and new borrowing funds
Coordinate funds movement for initial funding and closing
Provide training to Associate level staff on policies and procedures
Ensure proper system set-up including maintenance of changing deal attributes
Understand services offered and risks as it relates to the Agency and alert the Manager of out of scope requirements, risk issues, etc
Maintain facility commitments and process loan and facility-related activity including rollovers, rate settings, conversions, prepayments, assignments, amendments, etc
Perform heavy data entry in agency systems and Microsoft Excel
Qualification
Required
Bachelor's degree in accounting, finance, economics, a related field, or commensurate work experience
2+ years of experience in bank loan agency, syndication or investment management operations experience
Responsive, friendly, professional, and proactive communication approach
Deadline-driven and highly organized with exceptional attention to detail
Ability to independently research, analyze and resolve complex problems and quickly learn new concepts
Working knowledge of fundamental financial, accounting and operations concepts
High proficiency in Microsoft Excel and experience with Bloomberg and other loan research tools a plus
Company
Hollow Star Solutions
Hollow Star Solutions exists for those who understand that growth often starts with a question, not a title.
Founded in 2021Los Angeles, California, US
2-10 employeesFunding
Current Stage
Early StageCompany data provided by crunchbase