Loan Agency Associate

Position: Permanent

Salary: up to £60,000

Location: London

Job ID: JA2603LAA

We have a great opportunity for a Loans Agency Associate to join the busy Loan Operations team of a Global Investment bank who work as an oversight team to their off shore colleagues.

The Main Responsibilities of the Loan Agency Associate are:

  • Carrying out a host of daily operational and oversight activities in relation to a book of syndicated loans in the role as Facility Agent.
  • Includes all operational processing, effective handling of process related queries and acting as an escalation point on operational aspects.
  • Continuously provide high quality client service.
  • Responsible for reviewing procedures and related MI with the ability to interpret the information so effective analysis can be performed.
  • Review of the documentation from an operational perspective
  • Coordination with the Client Service and Transaction Manager on the operational aspects of the closing process
  • Perform Quality Assurance function on new deal set up and amendments.
  • Set up Deal in Loan IQ for new transactions and complex amendments based on the facility agreement.
  • 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.
  • Prepare and manage drawdown, rollover, margin adjustment, repricing prepayments and repayments on complex transactions.
  • Checking and Releasing Cash flows
  • Reconciliations and Investigations
  • Margin changes (Maintaining ratios, Covenants)
  • Fee settlement & Billing (Commitment, Utilisation, SBLC, Waiver, Agency & Upfront)

Experience and skills required of the Loan Agency Associate are:

  • Hold a sound understanding of the Syndicated Loan product and market
  • LoanIQ experience is desirable but not essential
  • Experience of primary syndication and/or secondary trading is desired but not essential
  • Strong communication skills to deal with internal and external clients both written and verbally
  • Experience across more complex loans books such and Commercial Real Estate, Leverage and Acquisition Finance, Export Credit Agency, Aircraft/Shipping and Project Finance desirable, but not essential.
  • Strong organisational skills and the ability to prioritise work, to ensure transaction deadlines are achieved
  • Pro-active problem solving attitude
  • Able to deliver high accuracy and volume of work to excellent standards under pressure
  • Client focused, with a proven record of commitment to excellent customer service