Syndications Analyst
Responsibilities Altec Capital Services (ACS), a division of Altec, is hiring a Syndications Analyst in Birmingham, AL (Corporate Office). The purpose of this position is to facilitate the syndication and discounting of new leasing transactions to various financial institutions in a high volume, high turnaround finance environment; as well as serve as the relationship manager with multiple funder relationships. Responsibilities Analyze Available for Sale reports to identify and market syndication opportunities to funding sources on a daily basis. Conduct independent evaluation of all aspects of potential transactions. Prepare and distribute term sheets for Investment Grade credits to Funding Sources and prepare detailed competitive bid analysis on their responses Oversee, review, and recommend pricing strategies to maintain profit margin goals. Provide oversight to prescreen process by working with outside sales and funding sources to determine the marketability and pricing for all transactions larger than $500,000. Update cost of funds and pricing grid weekly by making estimates of current pricing model trends as compared to treasury swap spreads and market conditions. Develop solid working relationship with all funding source personnel. Book and reconcile syndication activity to the General Ledger monthly. Maintain ownership and accountability for the following accounts: Fee Income AR Disco Work closely with accounting department to analyze and resolve discrepancies. Review and approve assignment documentation for all discounted leases. Prepare and maintain all syndication analysis spreadsheets. Enter syndication data into the leasing software. Fully understand all Altec Capital leasing products for each structure including accounting, pricing, credit, structuring, legal terms and conditions, and asset management implications. Maintain good channels of communication with all business units and provide constructive guidance. Communicate and resolve potential problems that could jeopardize funder relationships and goodwill. Execute various end of lease duties related to both early termination and maturity management processes. Calculate early termination payoffs for end user customers. Verify accuracy of funding source quotes and negotiate when needed. Maintain relationships with funding sources through daily verbal and written communication with funding source personnel in order to meet syndication requirements and challenges. Some travel required to funding source locations to maintain goodwill and work to streamline processes. Host dinners and events for funding sources as required. Continually automate and improve processes in order to more efficiently and effectively fund transactions. Research and remain current on industry trends. Perform other related duties as assigned. Education, Experience, and Skills Required Bachelor’s Degree in Accounting, Economics, Finance, or other Business concentration required. 3 years of leasing, capital markets or other financial experience highly desirable especially audit related. Strong interpersonal, organizational, and time management skills with an emphasis on meeting deadlines are a must. Strong personal selling skills. Superior Computer Skills, especially in Microsoft Excel is required. Familiarity with Supertrump, TValue, and HP financial calculators a plus. Strong attention to detail and reporting accuracy. Exceptional written and verbal communication skills Solid team player with a collaborative nature. Ability to multitask and handle multiple transactions in a fast-paced environment. Strong problem solving skills, able to make decisions timely. Excellent financial and analytical skills, with proven experience calculating lease rates, present values, yields, and IRR. The job level is able to be adjusted at time of hire, if the candidate meets the qualifications for jobs of a more experienced level in the career path. Please apply directly on our website https://jobs.altec.com/ Other Position Specifications Demonstrated record of responsibility Extremely detail oriented Customer Service Oriented Motivated, goal oriented and persistent Maintain Company confidentiality Must handle stress and deadlines well Participate in Continuous Improvement Initiatives Travel 0-25% Since 1929, Altec has been a company committed to excellence, consistently raising the bar through innovative design, manufacture, integrated safety features, and a continued dedication to total customer satisfaction. Altec is present in more than 100 countries throughout the world supporting the electric utility, telecommunications, contractor, lights and signs, and tree care markets. Altec Capital Services offers customized lease and purchase financing solutions, to make every purchase more affordable and convenient for our customers. We are known for lifting products bucket trucks, cranes, and equipment used to help people access tough-to-reach places but the success starts with thousands of associates who come together to Reach Higher! Altec Values (in alphabetical order): Customer First - Enjoyment of Work - Family - Financial Stability - Integrity - People are our Greatest Strength - Quality - Spiritual Development – Teamwork Competitive pay which rewards performance Benefits Among our core values is a focus on family and financial stability, and we believe it is important to provide associates with a competitive benefits package. Highlights of Altec’s benefits package are listed below. Medical, Dental, and Vision Health Care Plans Retirement Savings Plan – Traditional 401(k) or Roth 401(k) Tuition Reimbursement Program (helps meet CPA credit hours requirements) Company Holidays, Paid Vacation, and Vacation Purchase Company Wellness Programs (Physical, Social, Emotional, Spiritual, Financial) Personal and Professional Learning/Development Opportunities Plus more! Altec’s values-based culture provides opportunities for associates to have a fulfilling professional career while maintaining a work-life balance and consistent work schedule. Altec Values (in alphabetical order): Customer First - Enjoyment of Work - Family - Financial Stability - Integrity - People are our Greatest Strength - Quality - Spiritual Development – Teamwork Altec Industries, Inc. and its affiliates are equal opportunity employers and maintain affirmative action plans to recruit, retain, develop, and promote qualified individuals without unlawful consideration of race, gender, color, religion, sexual orientation, gender identity, national origin, age, disability, citizenship status, veteran status, or any other characteristic protected by federal, state, or local law. Altec strives to maintain a work environment free from unlawful discrimination and harassment, where associates are treated with respect and dignity.
