Bank Loan Services Specialist

Our client, a leading independent investment management firm, is seeking an experienced Bank Loan Services Analyst for a 4+ month contract in Downers Grove, IL or New York, NY. This position is hybrid, onsite 4 days per week.

The candidate for this position will be part of the Bank Loan Services group that will be responsible for cash and position reconciliation, research and resolution across a variety of investment vehicles that specialize in the Bank Loan asset class.

• Coordinate trade settlement of Primary & Secondary loan closings with external parties (Par & Distressed, LSTA & LMA)
• Maintenance of all bank loan activity (interest rate resets, principal repayments, principal drawdowns, margin changes) in the Bank Loans systems
• Research issues utilizing internal systems, agent notification, publicly available information, and Trustee records.
• Liaison with counter parties, trustees and agent banks in relation to issues and resolve problematic cash discrepancies with Custodians, Trustees, Agent Banks, and/or Seller Banks
• Initiate verbal or written communication to elevate issues.
• Track issue resolution, perform root cause analysis and identify controls gaps.
• Partner with team members to complete internal tasks.
• Document process requirements.
• Perform other projects or duties when needed.
• Provide back up to other members of team.

• 2+ years of work experience post-graduation.
• A solid understanding of the broadly syndicated loan market is required.
• Wall Street Office (WSO) knowledge is required.
• Background in accounting / finance preferred.
• Proficiency in Microsoft Office, specifically Excel is required.
• Good verbal, written, & analytical skills.
• Aptitude for detail and a commitment to accuracy.
• Good quantitative and qualitative analysis skills.
• Ability to work independently and follow through on projects.
• Creative problem solver willing to tackle difficult puzzles.
• Self-motivated, ability to multi-task and complete tasks upon assignment.
• Organizational skills necessary to meet deadlines, prioritize projects, and multi-task.