The Syndication Manager is responsible for coordinating complex syndicated and bilateral loans for Commercial Banks. The team works closely with the Busey origination businesses, ensuring that all necessary information is reviewed for operational feasibility and optimal execution. The team partners with various internal and external parties, including all internal business segments, partner financial institutions, legal and compliance.
Act as Busey's single point of contact to proactively manage and maintain a portfolio of complex structured leveraged and high-grade loan transactions for Commercial Banks
Support multiple business segments and all regions in coordinating the execution and closing of complex structured loan transactions, including, but not limited to, new deals, refinancings, amendments, and acquisition financings
Provide ownership and complete operational oversight on syndicated loan transaction closing mechanics to ensure all closing requirements such as closing documentation, regulatory requirements and conditions precedent are met prior to deal execution
Serve as system administrator for syndication platform
Monitor market and competitor trends to align our pricing, offers and partnership efforts
Review and comment on legal loan documentation for operational feasibility, optimal execution mechanics, regulatory requirements and mitigation of operational risk
Review internal loan-related spreadsheets (e.g. funds flows) for accuracy and completeness
Preparation of Confidential Information Memorandums to be reviewed with other financial institutions
Liaise and coordinate pre-closing requirements with internal and external clients (i.e. Debt Capital Markets, Syndicate, Credit Risk, Loan and Agency Services, Product Control, Legal, Trade Settlements, Borrowers and Lenders)
Review and advise on funding mechanics and operational requirements
Assist with ad-hoc inquiries from Borrowers, Lenders, and Arrangers pertaining to the closing process and ongoing maintenance
Schedule internal conference calls to ensure pre-closing requirements have been met and resolve or escalate any outstanding issues
Assist internal colleagues with fee documentation and recognition
Execution of best practices and control, risk mitigation and escalation point of contact
Lead and act as SME in projects and provide valuable input with various working groups created to enhance performance and efficiency
WHAT YOU'LL BRING
Strong oral and written communication skills
Loan products and the syndicated loan business
Financial services, specifically within commercial banking
Strong organizational and project management skills
Multi-task and work independently
Build relationships with internal partners and external financial institutions
Analyze and solve problems
Review and negotiate operational and regulatory terms within legal loan documentation
Take independent action within established guidelines and develop new procedures and approaches when needed
Perform duties under frequent time pressures
EDUCATION AND TRAINING
Requires Bachelor's degree with a concentration in Business, Finance or related field.
Requires 5+ years of Syndicated Loan operational and coordination experience.
Syndication desk platform operation and experience preferred.
Requires proficient knowledge of Microsoft Office Suite.
Management and leadership experience preferred.
Knowledge of nCino systems preferred.
STANDARDS OF PERFORMANCE
Customer Service - Adheres to The Busey Promise service standards set by Service Excellence in order to anticipate and exceed the needs of our customers, both internal and external.
Functional Knowledge and Technical Skills - Skilled in job-specific knowledge that is necessary to provide the appropriate quantity and quality of work in a timely and efficient manner.
Accountability - Work behaviors demonstrate responsible personal and professional conduct, which contributes to the overall goals and objectives of Busey.
Interpersonal Relations (Teamwork) - Interacts effectively with others to establish and maintain smooth working relations.
Interactive Communication - Listening to others and communicating articulately, fostering open communication.
Attention to Detail - Working in a conscientious, consistent, and thorough manner.
Information Gathering and Processing - Locating and collecting data from appropriate sources and analyzing it to prepare meaningful and concise reports that summarize the information.
Analytical Thinking - Analyzing and synthesizing information to understand issues, identify options, and support sound decision making.
Duties are performed in an office setting and include physical demands such as the manual dexterity and skill to operate standard office equipment. Reasonable accommodations may be made to enable people with disabilities to perform the essential functions of this position.
The above statements are intended to describe the general nature of work being performed by people assigned to this job. They are not intended to be considered an exhaustive list of all responsibilities, duties, and skills of the people so classified.
Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey's Equal Opportunity Employment.
As of June 30, 2019, First Busey Corporation (Nasdaq: BUSE) was a $9.61 billion financial holding company headquartered in Champaign, Illinois.
Busey Bank, a wholly-owned bank subsidiary with total assets of $7.66 billion as of June 30, 2019, is headquartered in Champaign, Illinois and has 44 banking centers serving Illinois, 13 banking centers in the St. Louis, Missouri metropolitan area, five banking centers serving southwest Florida and a banking center in Indianapolis, Indiana. Through the Busey Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of June 30, 2019, assets under care were approximately $7.47 billion. Busey Bank owns a retail payment processing subsidiary, FirsTech, Inc., which processes approximately 28 million transactions per year using online bill payment, lockbox processing and walk-in payments at its 4,000 agent locations in 43 states. More information about FirsTech, Inc. can be found at firstechpayments.com.
Busey Bank was named among Forbes' 2019 Best-In-State Banks—one of five in Illinois and 173 from across the country, equivalent to 2.8% of all banks. ...Best-In-State Banks are awarded for exceptional customer experiences as determined by a survey sample of 25,000+ banking customers who rated banks on trust, terms and conditions, branch services, digital services and financial advice.
TheBANK of Edwardsville, a wholly-owned bank subsidiary of the Company with total assets of $1.95 billion as of June 30, 2019, is headquartered in Edwardsville, Illinois and has 19 banking centers. Through TheBANK of Edwardsville Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of June 30, 2019, assets under care were approximately $1.50 billion.
For more information about us, visit busey.com and 4thebank.com.