Jobs NYC

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 Operations Analyst.

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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Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities

Minimum Salary: 0.00 Maximum Salary: 0.00 Salary Unit: Yearly