We have a fantastic opportunity for an experienced Loan Closer to join one of the world’s largest Financial Services Groups. Based in their busy London office the successful Loan Closer is responsible for controlling and supporting a broad range of trading desks and products.
Main Responsibilities of the AVP Loan Closer
- Work closely with a par and distressed loan trading desk as well as internal and external legal teams, our external out-sourced closer, clients and agent banks.
- Provide guidance and oversight to our external out-sourced closer in coordinating the closing process of secondary transactions, both par and distressed trades.
- Detailed review of loan documentation from an operations perspective, to ensure all potential risks are captured.
- Help manage and develop the operations process to increase efficiency, monitor accuracy and timeliness, and strengthen controls.
- Work closely with the trading desk to streamline the loan settlement process and reduce operational risk.
- Work closely with the offshore servicing team to ensure the accuracy and smooth running of settlements and the servicing of the loan portfolio.
- Understand the business and the risk framework, working intensively with the business to assist its growth and ensure compliance.
- Work closely with a loan origination and structured lending business as well as internal and external legal teams and agent banks
- Help co-ordinate the closing of new primary transactions, from both the perspective of agency roles, possible syndication activity and as part of a syndicate.
- Help review and assess operational risks on structured transactions and implement strategies to manage them
Required Skills of the AVP Loan Closer
- Multiple years’ experience in loan closing role – either primary or secondary.
- Experience and comfort in reviewing loan documentation, both LMA and LSTA.
- Excellent communication skills, both written and verbal.
- Self-motivator with the ability to multi task and self-prioritize.
- Attention to detail
- Proactive and inquisitive
- Flexible and enthusiastic
- Eagerness to learn
- Innovative and forward thinking
- Problem solver and ideas generator
- Open to change
- Dedicated and positive outlook