Escrow Account Manager - Vice President

Job Description:

Job Title Escrow Account Manager

Corporate Title Vice President

Location New York, NY

Overview

As the Escrow Account Manager, you will provide agency services on a diverse portfolio of project finance/structured finance transactions. This includes construction bridges, syndicated loans, international cross-border financings, and export credits in the renewable, infrastructure, midstream oil & gas, and telecom sectors. You will be the primary point of contact for your clients and will be responsible for managing their Escrow accounts.

What We Offer You

• A diverse and inclusive environment that embraces change, innovation, and collaboration

• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days

• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement

• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits

• Educational resources, matching gift, and volunteer programs

What You’ll Do

• Manage a wide range of transactions for international and domestic clients, varying in complexity; roles include account bank, collateral agent, administrative agent, trustee, and intercreditor agent

• Identify, receive, transfer, invest and disburse trust and agency funds pursuant to the terms of the legal contracts (investment using internal and external investment firms, money movement via Fed Wires, Swift and ACH, approval of payments)

• Monitor transactions to verify borrower compliance with governing documents including provisions related to budget, base case, insurance, security arrangements, events of default, and reporting requirements

• Review and approve disbursement requests, monitor draw procedures, manage flow of funds mechanics, and internal loan administration; responsible for processing amendments, waivers, and consents requests; manage all interactions between borrowers, lenders, independent engineers, legal counsels, and internal units

• Work with transaction management group to ensure that all new transaction documents are finalized to clearly reflect project finance agency services team’s roles and duties, manage portfolio in compliance with operational policies, procedures, and metrics, prepare periodic administrative reviews of entire portfolio

• Participate in workout or restructuring situations

Skills You’ll Need

• Bachelor’s degree in business or related field, relevant experience in project finance and/or corporate trust

• Experienced in trust accounts’ daily activity management

• Knowledge of syndicated loan structures, collateral & security trustee services, and administrative agent functions, understanding of legal deal documentation

Skills That Will Help You Excel

• Strong interpersonal and verbal/written communication skills, ability to multi-task and excellent attention to detail

• Proficiency with software such as Outlook, Microsoft Excel, and PowerPoint

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York office in accordance with the Bank’s hybrid working model.

Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City is $115,000 to $185,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of renumeration.

Deutsche Bank Values & Diversity

We believe talent is found in all cultures, countries, races, ethnicities, genders, sexual orientations, disabilities, beliefs, generations, backgrounds, and experiences. We pursue a working environment where everyone can be authentic and feel a sense of belonging. Click here to find out more about our diversity and inclusion efforts.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.

Learn more about your life at DB through the eyes of our current employees: https://careers.db.com/life

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