Our client, a tier one bank based in London is looking for an experienced loan closer to join their Primary and Par Loan Trading team which support the Loan Syndicate team. This is a a hybrid role (3 days a week in their London office).
If you are someone who has an excellent eye for detail, experience of ClearPar, LMA and LSTA Documentation and procedures, please take a look at the full job description below, and submit your CV for review.
About you:
For this position, our client is looking for a candidate who has previous loan closing experience. You will be able to showcase your knowledge of ClearPar, DebtDomain, LSTA and LMA documentation, as well as having strong communication skills to deal with both internal and external clients and your team.
Alongside these key skills, you will also relish the ability to utilise your pro-active problem solving skills to ensure high accuracy and volume of work is completed to excellent standards, while working under pressure. This also means you will have strong organisational skills and the ability to prioritise work, to ensure transaction deadlines are achieved.
Day to day activities for the Par Loan Trading Closer:
- You will be responsible for a timely closing of all primary & Par loans trades.
- You will be liaising with internal teams and external legal counsel and counterparts.
- You will have efficient closing using knowledge to clear the banks settlement risk.
- Manage the full portfolio of primary leveraged loans covering LMA, LSTA Par, trades
- Ensuring that all documentation satisfies procedural and audit requirements in respect of LSTA and LMA PAR trading
- Liaison with Legal internal/external in executing transfer certificates and pricing letters/funding memos, following the trade life cycle from allocation to settlement
- Collecting sub-allocations from all lending fund managers, and ensuring these entities are KYC’ed ahead of settlement
- Executing transfer certificates/assignment agreements with investors to settle primary allocations either via ClearPar system or paper documentation
- Where the bank is Agent, the Closer will also be responsible for settlement of back-to-back transfer positions with all parties on deals with multiple underwriting banks, and updating each party on their settlement position periodically
- Be part of the wider Private Credit Operations team, so some Secondary Loan Closing support will also be expected
- Ensuring that Trades are updated in banks systems in accordance with banks procedures to accurately reflect underwriting exposure outstanding to settle
- Resolution of long outstanding trades, taking action to actively close
- Ensuring that all queries both internal and external are responded to in a timely manner, seeking guidance where required.
- Close liaison with the Legal and Agents to ensure the smooth processing of trade transactions.
- Support the loan settlements team through project work as allocated to improve processes, procedures and systems operated within the team.
- Maintain professional approach towards clients internal and external, assisting as and when required
- Ensure trades can be settled quickly and efficiently including use of multi-lateral netting docs where possible.
If you would like to discuss this position, and how you may be the perfect candidate for this role, please submit your CV for review and we look forward to hearing from you.