Associate Manager, Operations, Agency and Trustee Services (Finance)

Kroll Agency & Trustee Services (FKA Lucid Agency and Trustee Services Ltd) was launched in 2017 and provides independent, conflict-free, third-party loan agency, security agency and bond trustee services. Servicing the bond and loan markets, Kroll has developed its strong reputation by providing proactive and bespoke services to its clients. We currently manage over 900 loan and bond transactions.

Due to our rapid growth in Europe and globally based clients, our agency business in the US was launched in 2023 as Kroll Agency Services (US) LLC and we are looking for talented individuals to join our growing operations team as an Associate Manager.

Day-to-day responsibilities:

KASUS - Kroll Agency Services (US) LLC

Loan IQ - Kroll's lender system of record.

This is an operations analyst position where you will be heavily involved in the day to day operational functions of all transactions (for loan and non-loan transactions) to include:

Taking responsibility for inputting and setting up new transactions in Loan IQ in accordance with facility agreements and Kroll's procedures. This is to include:

• Recording loan / facility details in Loan IQ*.
• Performing call backs to verify Lender and Borrower admin forms and entering them in Loan IQ.
• Entering loan party information in Loan IQ.
• Entering lender and borrower SSIs into Connexis and Access.
• Recording new transactions in Kroll's diary system.
• Entering lender details in Debt Domain platform.
• Collecting lender tax form and uploading to our KBC platform (and delivery to our tax vendor, S&P via the SFTP portal).
• Checking utilisation requests from borrowers.
• Issuing demand notices to lenders for initial drawdown.
• Notifying BNP Paribas or JP Morgan of upcoming drawdown (depending on the bank being utilized).
• Monitoring receipt of lender funds to Kroll client accounts.
• Confirming release of funds with lenders (obtaining swift messages).
• Following up with BNP Paribas or JP Morgan to trace missing lender funds and following up with the lenders where required.
• Creating a payment file(s) for the borrower payment (plus any other remittances required under the funds flow) in Connexis or Access for release of funds by the relationship management team.
• Notifying relationship management team that funds have been received, remittances have been created and are ready to be released.
• Reconciling Kroll client accounts upon release of payments.
• Rate fixing of loan on drawdown in accordance with agreements.
• Updating Loan IQ with new interest period and interest rate.
• Compiling and sending rate-fixing notices to lenders.
• Diarising next rollover / interest payment date in KASUS diary system.
• Monitoring KASUS diary system to ensure upcoming rollovers / scheduled deal activity is actioned.
• Calculating amounts of interest and principal due to the lenders.
• Calculating fees due to the lenders.
• Compiling and sending demand notices to the borrower requesting payment of scheduled interest, fees and principal due under the agreement.
• Creating payment files for payment of interest, fees and principal due to the lenders.
• Rate fixing for new interest period (in conjunction with the borrower).
• Compiling and sending new rate fix notices to lenders and borrowers.
• Notify BNP Paribas or JP Morgan of upcoming rollover activity on the account.
• Monitoring receipt of interest, fees and principal payments to Kroll's client accounts.
• Advising relationship management team of receipt of borrower payments to Kroll's client accounts.
• Diarising for next rollover / interest payment dates.
• If borrower funds not received, following up with borrower and advise relationship management team.
• Reconciling Kroll's client accounts upon release of payments.
• Receiving and processing borrower notices of repayment / prepayment.
• Calculating lender pro rata share of principal, accrued interest, breakage costs and fees and issuing notices to demand the same from the borrower.
• Issuing lender notices to confirm upcoming repayment / prepayment.
• Creating payment files in Connexis or Access for each lender share of repayment / prepayment.
• Advising BNP Paribas or JP Morgan of upcoming account activity.
• Monitoring receipt of funds to Kroll's client accounts.
• Notifying relationship management team of receipt of funds into Kroll's client accounts.
• If borrower funds not received, following up with borrower and advise relationship management team.
• Updating Loan IQ with details of repayment and prepayment and issuing lender / borrower notices accordingly.
• Reconciling Kroll's client accounts upon release of payments.

Essential traits:

At least 2 years of Corporate Loan Agency experience

About Kroll

Join the global leader in risk and financial advisory solutions-Kroll. With a nearly century-long legacy, we blend trusted expertise with cutting-edge technology to navigate and redefine industry complexities. As a part of One Team, One Kroll, you'll contribute to a collaborative and empowering environment, propelling your career to new heights. Ready to build, protect, restore and maximize our clients' value? Your journey begins with Kroll.

We are proud to be an equal opportunity employer and will consider all qualified applicants regardless of gender, gender identity, race, religion, color, nationality, ethnic origin, sexual orientation, marital status, veteran status, age or disability.

In order to be considered for a position, you must formally apply via careers.kroll.com .

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