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Posted: Wednesday, July 12, 2017 10:35 AM

Position Description:

Position Summary:

The position is responsible for processing transaction settlements and ongoing loan activities related to AIG’s Leveraged Capital portfolio, which invests in middle market and syndicated bank loans. The Loan Settlement Associate oversees the accurate recordkeeping and execution of all loan activities including: preparing trade documentation for new borrowings, monitoring borrowing status, rollovers, rate sets, repayments and prepayments. This role will liaison with the Leveraged Capital team, business partners and third party service providers to coordinate complex loan settlements. Outstanding client communication, time management and organization is required.

Responsibilities include but not limited to:

  • Work with the Settlements and Operations groups to prepare and provide necessary trade process documentation including the trade tickets, wire instructions, amortization and prepayment schedules.
  • Review purchase and sale transactions to ensure accurate data captured and appropriate policy and procedures followed.
  • Monitor ongoing maintenance of facility commitments and the processing of loan/facility-related activity; including reset notices, rollovers, rate settings, conversions, prepayments, amendments, and financial reporting.
  • Oversee accurate and timely collection and disbursement of interest/principal/fee payments.
  • Prepare and provide trade analytics and P&I breakdown allocations.
  • Use judgment, interpretation and problem-solving to understand loan related information in order to successfully resolve exceptions.
  • Monitor and maintain relationships with custodial banks managing payments and cash flow
  • Analyze, research and resolve accounting and legal issues; propose policies and procedures to prevent potential reoccurring or future issues.
  • Data management for bank loans and reconciliation of position data with business partners.
  • Work in a dynamic team environment and participate in strategic initiatives and identifying and implementing best practices and operational efficiencies.
  • Assist with special projects as assigned.

Position Requirements:
Job Requirements:

***Bank Loan and Bond Settlement experience a must.

  • 5+ years of relevant work experience in Bank Loan and Bond settlement (Primary and Secondary Markets) or combined 3+ years of experience and BA/BS in Finance, Accounting, or other business related field.
  • Corporate Bank Debt Settlement or Operations experience highly preferred (WSO, ClearPar).
  • Experience with buy-side operations highly desired.
  • Working knowledge of fundamental financial, accounting and operations concepts.
  • Highly organized with exceptional attention to detail and advanced analytical skills.
  • Possess strong facilitation skills including experience working with management and project business owners.
  • Task-oriented with a strong work ethic and ability to work independently in a deadline driven environment.
  • Must be able to work well within a large organization and communicate with multiple groups and international cultures.
  • Responsive, friendly, professional and proactive communication approach.
  • Advanced MS Office Skills.
  • No travel required.

About Us:

American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

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• Location: Houston

• Post ID: 60137808 houston
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