Loan closer

Responsibilities :

• Full ownership of all bank loan settlements based on the assigned issuers including
• Par / Distressed loan closing life-cycle of trades including new asset set-up, settlements, reconciliations in a high-volume environment
• Interact with internal groups (Accounting, Traders, Portfolio Managers, Legal, Compliance), outside legal counsel, administrators, and custodian banks
• Perform data integrity checks and reconciliations
• Review legal documentation Trade Confirmation, Assignment and Assumption Agreement, Proceeds letter, Multilateral Agreement, and Funding Memos
• Chase counterparties for missing wires for trade cash breaks
• Confirm trade tickets from internal records
• Review settled cash alert reports and provide status to traders / portfolio managers
• Work closely with the counterparty to coordinate all aspects of the loan process and escalate counterparty issues
• Maintain and update fund details on ClearPar
• Understand LSTA and LMA guidelines, syndicated loan closing, settlement, and documentation including working with Assignment & Acceptance agreements and Purchase and Sale Agreements
• Experience with settling non-USD loans, revolving commitments

Qualifications :

Skills Required

Loan Servicing, loan closing, Trade Life Cycle, Settlements