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Accounting Associate

at Kforce in Newark, Delaware, United States

Job Description

Kforce has a client in Newark, DE that is seeking an Accounting Associate.Summary:Wholesale Loan Middle Office is a part of Wholesale Lending Operations that primarily supports the North America Credit Trading, Loan Total Return Swap and Syndicated Leverage Finance businesses within the Corporate and Investment Bank. The Trade Support Specialist role sits within the Loan Trading Documentation team that is responsible for primary and secondary trade closing support and Third Party Agency Review.Key Responsibilities: * Accounting Associate will work with front office traders and sales coverage, clients, counsel and operations to settle secondary par loan trades * Establish and maintain strong working relationships with clients/counterparts * Manage heavy trade portfolio across various lines of business while maintaining a clean aging profile Review LSTA standard documents and other legal * The Accounting Associate documents including trade confirms, assignment agreements, proceeds letters, participation agreements, cash collateral agreements, and multilateral agreements * Review credit agreements, specifically assignability language * Identify and escalate issues to the front office trading assistants/traders/salespeople, in-house legal counsel and management, when necessary * In this role, the Accounting Associate will prepare daily/weekly MIS reporting to track the status of open items and measure risk * Bachelor’s degree or equivalent experience * Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint) * Familiarity with loan-based software (LoanIQ, ClearPar) * Experience with LSTA standard documentation, knowledge of the LSTA Standard Terms and Conditions * Knowledge of the trade lifecycle and/or experience supporting a trading business * Familiarity with syndicated loans * Prior knowledge of loan products or trading operations * Excellent oral and written communication skills * Excellent analytical and critical thinking skills * Ability to work in a fast paced, high pressure environment and prioritize workload efficiently * Ability to take initiative and self-motivate as well as work as part of a team 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

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Job Posting: JC194578536

Posted On: Oct 10, 2021

Updated On: Dec 04, 2021