Loan Administration Associate

Job description

Lending | Sector Based & Specialized Lending | Loan Administration, Associate | NYC About ING : In the Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients. When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer. We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered. ING Americas follows a hybrid work model, allowing for in-office / work from home flexibility. Hybrid work arrangements vary based on business area. Sound like the kind of place you’d feel at home? We’d love to hear from you. About the position: This role sits within ING’s Sector Based & Specialized Lending (“SB&SL”) Front Office and forms part of the newly established Deal Implementation Team. The Loan Administration Analyst will support live lending transactions from credit approval through closing, booking and completion of post-closing requirements. The position offers an entry point into corporate lending for early-career candidates. Analysts will develop a strong understanding of ING’s lending systems, transaction pipeline and credit process while working closely with lending structurers, sector bankers, Risk, Legal, Loan Closing and Agency. As their knowledge and capabilities develop, Analysts will gain exposure to broader elements of transaction execution and the credit process. Responsibilities : Supporting the closing, booking and post-closing implementation of lending transactions across SB&SL and sector coverage including Project Finance, Export Finance, Asset-Based Lending, and Financial Institutions among others; Maintaining the lending pipeline and deal trackers, including transaction status, anticipated closing dates and outstanding requirements; Coordinating with lending structurers, sector bankers, Risk, Legal, Loan Closing, Agency and other internal stakeholders; Obtaining and organizing closing materials, supporting documentation and final closing sets; Tracking closing conditions, signatory requirements, due diligence items, waivers and other outstanding actions; Preparing required closing and agency packages and completing initial reviews of booking and control forms; Supporting the accurate booking and activation of lending transactions in internal systems; Completing post-closing activities, including covenant registration, transaction database updates and handover materials; Maintaining complete, accurate and audit-ready transaction records; and Identifying opportunities to improve processes, strengthen controls and increase execution efficiency. Qualifications and Competencies Proactive and willing to take ownership of assigned responsibilities; Excellent attention to detail, accuracy and follow-through; Strong organizational skills and ability to manage multiple transactions, priorities and deadlines; Relevant internship or work experience in banking, credit, accounting, legal services / documentation or financial services preferred; 2+ years of middle office experience within banking preferred; Demonstrated interest in corporate banking, lending, credit or deal execution; Strong written and oral communication skills; Committed and collaborative team player with high standards for quality and timeliness; and Proficiency in Microsoft Office, particularly Excel, Word and PowerPoint. Other: Candidates may be asked to complete: An Excel or analytical assessment; and References. Salary Range $85,000-$107,000 The salary range listed reflects base salary only. This role is eligible for participation in a discretionary bonus program. In addition to comprehensive health benefits, a generous 401k savings plan, and competitive PTO, ING provides a broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with commuting and fitness. ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to race, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are. ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.