As a Loan Operations Specialist, you will cover end-to-end servicing of Bank Loan Assets, including trade instruction capture, settlement, fail management, cash instruction capture, reconciliations, asset servicing, instruction capture, and lifecycle management of bank loans.

Key responsibilities include:

• Basic understanding of loan or deal administration functions
• Oversight of bank loans life cycle events, including paydown/drawdown, interest rate resets, PIK interest calculations, delayed comp accruals/calculation & trade settlements
• Ability to interpret credit agreements and related documentation
• Work across teams to resolve queries and issues
• Ability to create new procedures, workflows, and build controls
• Assist in testing and implementation of systems and system improvements as required

To be successful in this role, you will need:

• A bachelor's degree in finance, accounting, or economics
• Detailed knowledge of the bank debt asset class, including primary and secondary market trading, with some exposure to loan closing preferred
• Strategic problem-solving skills with a consistent track record
• 7+ years of direct experience in loan operations, with exposure to distressed loans required
• Knowledge of LSTA/LMA standard documents and exposure to EUR loans
• Knowledge of SS&C Geneva and Murex, with exposure to Wall Street Office and ClearPar preferred
• Bloomberg is required
• Knowledge of TRS products is a plus
• Strong understanding of accounting principles, specifically how bank debt transactions impact financial documents
• Strong organisational skills with the ability to set priorities and handle multiple projects
• Strong analytical skills
• Superior communication skills

The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future. Millennium pays a total compensation package, which includes a base salary, discretionary performance bonus, and a comprehensive benefits package.

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