Syndications Manager

Company: Comerica
Location: Livonia
Posted on: May 8, 2022

Job Description:

Welcome!We invite you to explore the award-winning culture, people, rewards and opportunities that make Comerica Bank so special. Make your next career choice a confident one.QualificationsPosition Qualifications:Bachelor's degree in Business preferred or related field of study from accredited university; or 6 years of lending operations4 years banking or financial service environment experience4 years customer service experience3 years commercial loan experience2 years analysis experience2 years of experience managing or leading teams in a financial, paralegal, or banking environmentStrong customer service skillsWorking knowledge of loan accounting system (AFS) and DEALS preferredJob DescriptionSyndications ManagerThe Syndications Manager is responsible for managing a team that services the Participations portfolio, working with agent banks to service and reconcile the portfolio, inclusive of performing special servicing as required for sub-standard loans. For this portfolio, the manager oversees the execution of all servicing activities and works directly with agent banks. Please Note: This position is eligible for a signing bonus. Position Responsibilities:The Part Bought Manager serves as a liaison with agent banks on non-agented syndicated loans and manages a team responsible for performing advances, funding, and payments as well as processing interest and fees.Executes loan repricing, including movement of funds and rate changes. Reconciles fees and payments with agent banks to ensure loans are reconciled.Performs commitment/loan maintenance.Oversees sub-standard loan processing including non-accrual and charged off servicing, funding and payments.Selects, motivates and retains high performing talent, cultivating a spirit of teamwork with shared goals and objectives.Responsible for fostering a culture of process improvement and innovation.Participates in technology projects related to loan servicing technology.Establishes training programs for team, develops tools to monitor performance and establishes controls to manage risk.Responsible for ensuring loan servicing requests are completed accurately and timely and handles escalations.Work Hours8:30am - 5:30pm Monday - FridayWork Location(s)Livonia Operations CenterAbout ComericaWe know that our employees are critical to our overall success. We are dedicated to investing in their future to maintain long-term relationships for lasting commitments. One of the ways we do this is to offer a comprehensive package of compensation and benefits programs which are regularly reviewed to maintain them at competitive levels. Your salary will be commensurate with your work experience.Upon offer, Comerica conducts a comprehensive background and fingerprint check.NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by the Business Bank, the Retail Bank, and Wealth Management. Comerica's more than 9,000 colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.

Keywords: Comerica, Livonia , Syndications Manager, Executive , Livonia, Michigan