Loan Administrator

Job Description:

Job Description

Requisition ID

91781

Department

Apogem Capital

Job Function

Apogem Capital

Location

Remote,Illinois,United States

Role Location Designation

Hybrid - 1 day per quarter

Company name: Apogem Capital

Location Designation: Hybrid - 1 day per quarter

At Apogem, we stand at the forefront of New York Life Investment Management's mission to empower investors and shape financial legacies. As the investment arm of the company, we are dedicated to delivering exceptional value to our clients through a blend of expertise, innovation, and a profound commitment to humanity.

Apogem Capital leads the way in alternatives investing with decades of experience in the middle market and approximately $41 billion in assets under management. Offering a full range of capital solutions, Apogem delivers innovative strategies to private equity sponsors and portfolio companies, while providing our clients with access to highly sought-after opportunities.

At Apogem, Humanity is our competitive edge, and we tirelessly work to protect it. Within our culture of care, employees are not just seen but truly heard. We are deeply committed to building and maintaining a diverse workforce that reflects the rich tapestry of the communities we serve.

If you're passionate about making a meaningful difference in the world of finance, Apogem offers an exciting work environment where your talents are valued, and your contributions have a lasting impact. With offices in New York, Chicago, and Richmond, we provide opportunities for career development and growth, competitive benefits, and a collaborative culture that attracts and retains the best talent. Bring your passion for investing, client service, or operations to grow with Apogem. To learn more, please visit Apogem Capital.

The Loan Administrator should possess experience in finance or accounting and has a strong working knowledge of Microsoft Excel. The Operations Department is an integral part of any secured lending organization; it not only acts as the support staff to the Credit Department, but also acts in a customer service capacity as representatives to our borrowers. The Operations Department is responsible for the accurate and timely funding of daily client advances, the maintenance of accurate collateral balances, the daily reconciliation of all bank accounts, calculating daily cash positions, and reporting to accounting.

What You'll Do:

• Execute end of month processing, which includes generating monthly interest and fee statements, term loan transfers, the manual calculation of certain fee types, and the generation of all of the computerized month-end reports for senior management and the accounting department. Process daily advance requests from clients or settlements from agent banks.
• Balance and process wires received from clients. Post all cash received in operations bank account to client loans and reconcile to client reports when received.
• Responsible for funding of new loans. This includes reconciling funds flow to make sure all monies are accounted.
• Review legal documents in order to populate loans in a Wall Street Office (“WSO”) database
• Establish and maintain ongoing SOFR Loans and contracts.
• Perform daily and weekly settlements for participants.
• Ensure timely and accurate processing of monthly client borrowing bases. Prepare tickler date entry forms for inputs to the system on all items received.
• Process incoming monthly interest and fees paid from agent banks and reconcile to Wall Street Office.
• Reconcile all postings done on Wall Street Office before performing end of day closing. This process ensures all balancing of daily incoming and outgoing wires in bank accounts.
• Assist with or perform any other duties or special projects, which are deemed necessary by the Operations Manager. Provide excellent customer service to both external and internal contacts. Provide timely responses to internal and external customers.
• Responsible for maintaining reconciled accounts.
• Provide assistance to the accounting department when discrepancies arise in closing month-end.
• Ability to create and/or maintain Excel spreadsheets that involve complicated functions and formulas.

What You'll Bring:

• Bachelor’s degree in finance or accounting is a plus
• At least 2-5 years of private credit debt loan operations experience
• Ability to multi-task and manage time and workload efficiently under a time sensitive environment
• Robust analytical and organizational skills
• Excellent written and verbal communication skills, helpful team player
• Strong work ethic, accuracy and attention to detail
• Practical knowledge of Excel, including complex formulas
• Knowledge of Wall Street Office is a plus

#LI-AM1

Pay Transparency

Salary range: $100,000 - $115,000

Overtime eligible: Exempt

Discretionary bonus eligible: Yes

Sales bonus eligible: No

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.

Our Commitment to Inclusion
At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities.

Founded as a mutual company, Apogem follows a member-centric model, ensuring our success is tied to our clients' success. We actively seek team members who are engaged, adaptable, and aligned with our mission to create sustainable investment opportunities.

To apply, please visit our website.

Job Requisition ID: 91781