Career CategoryStructured Finance Group iCIMS ID2021-9311 Corporate TitleAssociate TypeFulltime-Regular
The PMP Agency team member will proactively manage the Bank's relationship with borrowers and other lenders for those transactions in which SMBC acts as the Administrative Agent. Role is primarily transactional with a high degree of customer contact. This position reports to the PMP Agency Team Leader.
The team member will coordinate the flow of information between borrowers and lenders to ensure the smooth operation and administration loans. To the extent that a borrower requires approval from lenders regarding any matter, she/he will work with the borrower to advise on and help structure the request so as to be acceptable from a credit perspective, and work with the lenders to ensure that receipt of lenders approval is obtained within the scheduled time frame.
The role will include managing commercial real estate transactions in North America, and power, infrastructure and natural resources project finance transactions in the U.S., Canada and Latin America.
Review and approve flows of funds (e.g. loan drawdowns, payment of operating expenses, distributions, etc.) per conditions precedent ("CPs") for such flow of funds and evaluate whether the presented materials meet each of the required CPs.
Manage amendment, consent and waiver requests from initial request from borrower, drafting of documention, coordinating with outside counsels and consultants, and obtaining lenders' approvals, under guidance of a team VP.
Review compliance documents submitted by the Borrower for completeness and accuracy.
Follow up on overdue compliance documents.
Distribute compliance documents to the bank group.
Ensure documents are properly filed and/or placed in safekeeping.
Provide feedback on proposed agency terms for new transactions, review draft documentation.
Respond to ad hoc information requests from lenders.
Familiarity with commercial real estate financing structures and legal documentation.
Familiarity with project finance transaction structures and legal documentation.
Understanding of impacts of amendment, consent and waiver requests in terms of credit risks and structure of transactions.
Experience with Export Finance Agency supported credits helpful..
Very strong organizational skills and attention to detail.
Ability to balance competing deadlines.
Ability to communicate clearly and logically (written and verbal.)