Officer, Loan Administration
Calvert Impact Capital is seeking to fill an Officer position on the Loan Administration team to perform day-to-day loan administration activities related to Calvert Impact Capital’s global portfolio of impact investments. The role requires a strong understanding of legal documentation related to loan and equity closings. In addition, this individual should be able think through the operational and administrative aspects of transactions and translate deal terms to a loan servicing system. The ideal candidate will have strong problem-solving and project management skills and thrives in a fast-paced environment. This individual must also be able to provide a high-level of service to internal teams and external partners, as well as share a commitment to the mission of Calvert Impact Capital.
Key Responsibilities
Contribute to the success of the strategic goals and objectives of the organization by applying technical skills in the area of Loan Administration. Specific areas of responsibility include but are not limited to:
Loan Closings/Document Review
- Manage closings with the support of the Loan Administration Director
- Review closing documents for alignment with approved teams and conditions.
- Raise and document any issues with Loan Administration Director as they occur
- Coordinate with Borrowers and Internal Teams (Investments Team, Legal Counsel, and Risk Management) to ensure all documents necessary for closing have been received, reviewed, and approved as required.
- Maintain Closing Checklist
- Adhere to established closing processes
Disbursement of Funds
- Manage disbursements with the support of the Loan Administration Director
- Review loan and equity documents for adherence to conditions to disbursement
- Research and bring any issues or concerns to the Loan Administration Director as soon as they are revealed
- Coordinate pending disbursements with internal teams
- Prepare loan disbursements for approval
- Update the loan system to reflect the pending disbursement
- Adhere to established disbursement processes
Monitoring and Administration
- Set-up transactions loan servicing system, in conformance with closing documentation and approved terms and conditions
- Monitor and follow up payments
- Ensure proper proper application of payments and disbursements by engaging with the Finance team as necessary
- Review and follow up on delinquent payments
- Monitor and follow up on tickler items
- Prepare and send monthly invoices to Borrowers
- Track and manage loan maturities
- Monitor hedges for foreign currency denominated loans
- Review and discuss with Investment Officers any change in value for non debt transactions
- Monitor Borrower request and follow up with Borrowers for problem resolution
General Responsibilities
- Work cross-functionally with other departments to identify requirements and manage implementation of new products
- Maintain electronic loan files
- Ensure all forms and updates are complete for month-end close
- Understand standard monthly, quarterly, and annual portfolio reports from loan servicing system and respond to ad hoc reporting requests as needed