Project Finance Agency Associate - SMBC
New York, NY 10172
About the Job
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $150,000.00 and $200,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
Act as primary contact for borrowers, lenders and advisors in syndicated transactions agented by SMBC.
Ensure the smooth administration of commercial real estate and project finance transactions throughout their lifecycle.
To the extent that a borrower requires approval from lenders regarding any matter, coordinate with the borrower, advisor(s), and senior team members to advise on and help structure the request so as to be acceptable from a credit perspective, and work with the lenders to ensure that receipt of lenders approval is obtained within the scheduled time frame.
Review requested loan activity and supporting documents for compliance with financing documents.
Confirm that reporting requirements submitted by the borrowers conform to the financing documents; distribute to lenders.
Act as backup on assigned transactions when primary team member is out of the office.
|
Qualifications and Skills
Recommended years of experience: 2-5 Years
Review and approve flows of funds (e.g. loan drawdowns, payment of operating expenses, distributions, etc.) per conditions precedent (“CPs”) for such flow of funds and evaluate whether the presented materials meet each of the required CPs.
| ||||||||
Review and approve letter of credit issuance, amendment and termination requests.
| ||||||||
Identify any deficiencies in flow of funds and letter of credit activity requests; work with borrower, lenders' counsel and external consultants (independent engineers, title insurance companies) to rectify issue to allow requested activity.
Working with senior team members, manage amendment, consent and waiver requests from initial request from borrower, drafting of documentation, coordinating with outside counsels and consultants, responding to lender questions and obtaining lenders' approvals. | ||||||||
| ||||||||
| ||||||||
Qualifications Cont.
| ||||||||
Host and lead bank group calls to discuss borrower requests and/or issues with the project to obtain lender consensus. Convey lenders' position to borrower and legal counsel. | ||||||||
In coordination with a senior team member, review draft legal documentation for agency-related terms and conditions; submit comments to lenders' counsel and review any proposed revisions. | ||||||||
Monitor collateral on behalf of the lenders; coordinate renewal of UCC filings. | ||||||||
Review compliance documents submitted by the Borrower for completeness and accuracy. Follow up with borrowers for incomplete and overdue compliance documents. |
Additional Requirements
| SMBC provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law. Further, SMBC takes affirmative action to ensure that applicants are employed and employees are treated during employment without regard to any of these characteristics. SMBC maintains affirmative action plans for minorities, women, persons with disabilities, and veterans. |
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.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.