This position is responsible for administering and servicing syndicated and participated loan activity. Responsibilities include boarding all facilities in relation to syndications and participations, including but not limited to the commitments, notes, collateral and guarantors, ensuring loan packages meet regulatory requirements related to Sarbanes-Oxley, audit, and bank policy, performing maintenance, calculations and adjustments on complex interest and fee accruals, establishing lead agent relationship with members and participants for terms on contract and verifying and funding all incoming funding requests from agent banks in a timely manner.
Required Qualifications*- Minimum 5 years commercial loan servicing, syndication, participation and trade finance loans required.
- Minimum 5 years in agency/structured financing operations required.
- Minimum 2 years experience using Microsoft Office Suite (e.g., Word, Excel, PowerPoint, Outlook) required.
- Minimum 5 years Commercial Loan servicing experience with at least two year specialization in operations of structured financing will be a requirement.
- Minimum of 5 years AFS or Metavante experience.
Additional Qualifications
- Complete knowledge and understanding of structured a syndication, participations and production loans required.
- Working knowledge of foreign currency transactions and Interest Derivative contracts is preferred.
- Solid problem solving and extensive knowledge of financial calculations required.
- Excellent interpersonal verbal and written communication skills.
- Ability to work independently with minimal support and computer skills on Windows, Excel and mainframe applications is required.
WHAT'S IN IT FOR YOU?
CompensationStarting base salary: $31.39 - $50.14 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at
About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.