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VP, Project Finance Agency Team

New York, NY, USA | SMBC Group

  • Industry:
    Financial Services
  • Position Type:
    Full-Time
  • Functions:
    Financial Services Professional
  • Experience:
    7-10 years
Job Description:
55 people have viewed this job

The Specialized Finance Department's ("SDAD") Project Finance Agency team is responsible for acting as a liaison between the borrower and lenders. In that capacity, the successful candidate will coordinate the flow of information between the borrower and the lenders to ensure the smooth operation and administration of the loan. To the extent that the borrower requires approval from lenders regarding any matter, the SDAD Agency team works with the borrower to advise on and help structure requests so as to be acceptable from a credit perspective, and works with the lenders to ensure that receipt of lenders approval is obtained within the scheduled time frame. This is a role with significant client contact. We are looking for a Vice President to join the team.


Responsibilities

Helping to structure and coordinate amendments, consents and waivers with the Borrower, Lenders’ Counsel, outside experts, the origination and portfolio monitoring teams, the lender group and Export Credit Agencies

Reviewing draft documentation and providing comments to origination teams and counsel

Coordinating and approving loan activity (drawdowns, rate settings, rollovers, repayments/prepayments) and letter of credit activity (issuance, amendments, draws, termination) with SMBC’s operations teams. In order to do so, candidate must be familiar with all the conditions precedent (“CPs”) for such flow of funds and evaluate whether the presented materials meet each of the required CPs

Checking CPs, reviewing cash waterfall and approving Collateral Account transfer requests (e.g. operating expenses, distributions, etc)

Following up on delivery of Borrower’s reporting requirements (i.e. compliance items)

Reviewing compliance documents submitted by borrowers for completeness and satisfaction of requirements in loan documents

Distributing compliance items and other documentation to lender groups using IntraLinks, DebtDomain, e-mail, etc.

Respond to ad hoc information requests from lenders

Maintaining key deal information, contact lists, updating compliance and collateral tracking

Preparing marketing materials for new transaction proposals

Providing training and guidance to junior members of the Agency team

Qualifications

7+ years experience in a Project Finance agency position

Experience with Project Finance transactions and associated legal documentation

Experience with Export Finance Agency supported credits

Experience with workout and distressed transactions

Proficient with MS Excel, Word, Lotus Notes, Debtdomain and/or Intralinks

Spanish language skills and fluency needed

Very strong organizational skills with a high degree of attention to detail

Ability to balance competing deadlines

Strong communication skills, both written and verbal

Strong follow-through on tasks

Able to handle multiple demands and prioritize activities

Ability to work late when circumstances require

Occasional travel to project sites


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