Project Finance Agency Vice President
The Specialized Finance Department's Agency team is responsible for acting as liaison between borrowers and lenders on transactions in the Americas agented by SMBC. In that capacity, the successful candidate will coordinate the flow of information between each borrower and the lending syndicate to ensure the smooth operation and administration of the loan. To the extent that a borrower requires approval from lenders regarding any matter, the Agency team works with the borrower to advise on requests so as to be acceptable from a credit perspective and works with the lenders to ensure that receipt of lenders' approval is obtained within the scheduled time frame. The role also entails coordinating with external counsels, independent engineers, consultants, and internal legal, tax, syndications, and operations departments. This is a role with significant client contact.
Advise on and coordinate amendments, consents and waivers with the Borrower, Lenders' Counsel, outside experts, the origination and portfolio monitoring teams, the lender group and Export Credit Agencies. Review draft legal documentation and provide comments to origination teams and counsel. Coordinate and approve loan activity (borrowings, rate settings, rollovers, repayments / prepayments) and letter of credit activity (issuance, amendments, draws, terminations) with the operations teams. In order to do so, candidate must be familiar with all the conditions precedent ("CPs") for such flows of funds and evaluate whether the presented materials satisfy each of the required CPs. Check CPs, review cash waterfall activity and approve Collateral Account transfer requests for operating expenses, distributions, etc. Follow up on delivery of Borrower's reporting requirements (i.e. compliance items). Review compliance documents submitted by borrowers for completeness and satisfaction of requirements in loan documents. Distribute compliance items and other documentation to lender groups using DebtDomain, e-mail, etc. Work with portfolio and special credits teams to ensure all information needed for credit review and monitoring is obtained. Respond to ad hoc information requests from lenders. Maintain key deal information, contact lists, update compliance and collateral tracking. Prepare marketing materials for new transaction proposals. Provide training and guidance to junior members of the Agency team.
Proficient with Excel, Word, Outlook, Teams, Debtdomain. Familiarity with LoanIQ a plus. Spanish fluency strongly preferred. Very strong organizational skills with a high degree of attention to detail. Ability to balance competing deadlines. Strong communication skills, both written and oral. Strong follow-through on tasks.
7+ years in Project Finance agency position. Experience with Project Finance transactions and associated legal documentation. Experience with Export Finance Agency supported credits. Experience with workout and distressed transactions. Familiarity with non-recourse Commercial Real Estate transactions.
SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
Vice President Finance • New York, NY, US