Our client, one of the most reputable international banks in the world, are looking for a Loans Administration Associate to join their busy London office.
You will be responsible for carrying out a host of daily operational and oversight activities in relation to a book of syndicated loans in their role as Lender/Participant. Including all operational processing, effective handling of process related queries and acting as an escalation point on operational aspects for our City Offices as well as for Global & Commercial Banking Relationship Mangers/ Client Service Managers / Finance and Origination Teams.
Main Responsibilities of the Loans Administration Associate:
- Continuously provide high quality client service.
- Regular contact will be maintained with a very wide variety of both internal and external customers in a number of locations.
- Review of the documentation from an operational perspective
- Manage Deal and Facility setup in Loan IQ
- Prepare and manage drawdown, rollover, margin adjustment, repricing prepayments and repayments on complex transactions.
- Coordination with the Client Service and Transaction Manager on the operational aspects of the closing process (initial drawdown / fees, conditions precedent etc.)
- Coordination with operational Sites for static data set up including SSI’s and Call Back.
- Coordination with ops team to ensure key static has been set up in a timely manner.
- Perform Quality Assurance function on new deal set up and amendments.
- Co-ordinate and process Leverage / Par trading with syndications and trade queries / settlements
- Checking secondary Loan/Claim documents and settlement of trades.
- Managing & maintaining Ancillary carves outs and movements.
- Checking and Releasing Cash flows
- Reconciliations and Investigations
- Margin changes (Maintaining ratios, Covenants)
- Fee settlement & Billing (Commitment, Utilisation, SBLC, Waiver, Agency & Upfront)
Experience required of the Loans Administration Associate:
- Hold a good understanding of the Syndicated Loan product and market
- Strong communication skills to deal with internal and external clients both written and verbally
- Strong organisational skills and the ability to prioritise work, to ensure transaction deadlines are achieved
- Pro-active problem-solving attitude
- Experience of primary syndication and/or secondary trading is desired
- Able to deliver high accuracy and volume of work to excellent standards under pressure
- Strong understanding of operational risk
- Client focused, with a proven record of commitment to excellent customer service.