Loan Closer

Position: Permanent

Salary: £Competitive

Location: London

Job ID: JA1706LC

Our client, who provide third party Loan Closing services to various Asset Managers & Funds, are looking for an experienced Loan Closer to join their business with a focus on growth and first class service to their clients.

The successful candidate will be a dynamic individual able to work in an entrepreneurial fast pace working environment. To be successful in this role you will be an effective communicator and already have at least 2 years’ experience within Loan Closing.

Main Responsibilities of the Loan Closer:

  • Closing of high-volume PAR and Distressed LMA and LSTA loan trades
  • Partnering with Loan Operations and Loan Middle Office contacts to ensure timely settlement of trades and management of cash flow
  • Co-ordination and timely solution of any post trade settlement cash queries with Client
  • Drafting of Loan Trade settlement documentation – Trade Confirmations, Transfer Documents, Pricing Letters (amongst others) when not settling via electronic platform
  • Review of underlying credit documentation (main focus on Tax and Transfer mechanics) to ensure accurate assignment of debt
  • Managing waiver/amendment process versus open trade book portfolio
  • Strong market sense/knowledge. Escalating trade settlement issues when required
  • Assisting the Loan Agency Team with settlement of secondary Clearpar Trades on an ad-hoc basis
  • Working with Agents to resolve discrepancies
  • Reconciling Accounts
  • Providing Reporting to clients

Skills required of the Loan Closer:

  • Proven examples of working to tight deadlines
  • A high degree of detail and strong organisational skills
  • Experience of operating in a similar role previously
  • At least 2-3 years of Loan Closing experience
  • Thorough understanding of the ClearPar trade settlement platform
  • Strong attention to detail and ability to work to tight deadlines

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