Deal Closing Specialist

at Kforce in Newark, Delaware, United States

Job Description

Kforce has a client in Newark, DE that is seeking a Deal Closing Specialist.Summary:The Deal Closing Specialist is responsible for the set-up and funding of corporate syndicated loan transactions for Commercial Bank and Corporate & Investment Bank Clients on the LoanIQ product processor. The Deal Closing Specialist has direct contact with attorneys, borrowers, lenders and internal middle and front office teams to support the operational aspects of a syndicated loan closing and funding. Responsibilities:

  • Provide deal origination and execution support to Debt Capital Markets and Credit Risk Management
  • Review legal documentation for operational feasibility
  • Initiate systems set-up on all aspects of new deals, including lenders and borrower contact and account/funding details
  • Manage the process of contacting investors and obtaining administrative information associated with new deals
  • Initiate initial funding on new deals and restructurings; manage the funding process with Corporate Treasury, syndicate lenders, etc.
  • Process system changes for documented loan amendments and modifications
  • Manage pipeline of assigned closing transactions with potential for multiple transactions closing in a single day
  • Support adhoc projects, manager assigned tasks, etc.
  • Support daily, weekly and month controls and metrics reporting
  • Undergraduate degree is strongly preferred but related job and industry experience can be accepted as a substitute. (2 years)
  • Must be a team oriented individual
  • Must be highly organized with ability to manage a variety of tasks
  • Excellent communications skills
  • Strong analytical, problem solving and judgement skills
  • Strong working knowledge of Microsoft Office applications (i.e. Excel, Word and PowerPoint)
  • General accounting knowledge preferred
  • Experience reading and interpreting loan documentation or related experience dealing with documentation preferred

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.

We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.

Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce’s sole discretion unless and until paid and may be modified in its discretion consistent with the law.

This job is not eligible for bonuses, incentives or commissions.

Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.

Compensation Type:Hours*Minimum Compensation:25.00Maximum Compensation:*27.00

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Job Posting: JC255473428

Posted On: Feb 17, 2024

Updated On: Mar 04, 2024

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