Syndication Loan Administrator

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Job description

Introduction:
Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates' potential for career advancement.

Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Asia markets. With a strong foundation, and enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.

Overview:
The Loan Syndication Administrator is responsible for administering and servicing syndicated and participated loan activities, such as handling advances, payment, LIBOR pricing, fee and overall maintenance of the loans where EWB is the lead/agent or EWB is a participating bank.

Responsibilities:
Receive and review borrower's request or Lead Bank's request to advance funds against line of credit ensuring proper availability and process Advances on the loan system

Receive funds via Wire and notices from Lead Banks to post payments on the loans and clear wire suspense timely

Receive notices requesting loan advance and verify that all provisions have been met and process the advance on the loan system and disburse the funds to the Lead Bank in accordance with the Agreement

Calculate the amounts/shares applicable to each participating bank regarding advances and payments

Prepare notices requesting advance of funds from participating banks and post accordingly upon receipt of funds

Post payments upon receipt from the borrower and or Lead Bank and monitor receipt of wires

Prepare notices of receipt of payments to participating banks and wire funds accordingly

Monitor interest Index, repricing and provide rate change notices to participating bank or process rate changes upon receipt of notice from Lead Bank

Prepare wire instructions and submit funds to participating banks or upon request from lead bank to disburse funds.

Prepare Fees Notices with proper fee computations

Process Notes Sales with premium/discount as requested by the lending team in accordance with Accounting Dept.'s note sale accounting entries

Monitor delinquencies and work with Lead Bank to settle and delinquencies due to syndication administrative issues

Reconstruct disputed loan accounting with Lead Bank

Reconcile the Wire Account in suspense for timely posting of funds received

Act as a liaison between relationship managers and the Lead Bank

May assist in creating/establishing procedures in support of the Loan Syndication Administration

Support other projects as assigned by the Manager

Respond to all internal and external customer inquiries

Perform other duties as assigned

Qualifications:
Bachelor's degree in Business, Finance or Accounting preferred or equivalent experience

Experience in the Commercial Loan Servicing preferred

Experience with Syndications working directly with Lead Bank or participating banks preferred

Advanced knowledge of Syndication industry practice and processes

Commercial loan accounting system experience required with FIS preferred

Broad knowledgeable of Loan Documents with outside counsel prepared documents preferred

Ability to provide excellent customer service

Ability to multi-task, adapt quickly to changes and work effectively in a fast-paced environment

Must be a self-starter and possess positive attitude with good organizational skills

Thorough knowledge of Microsoft software, inclusive of Word and Excel

Document Imaging system experience required

Excellent written and verbal communication skills required

Good organizational, analytical and problem-solving skills

Ability to build effective relationships as needed to effectively address issues and obstacles

Compensation:
The base pay range for this position is USD $25.00/Hr. - USD $35.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.

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