Loan Closer – European Asset Services

Position: Permanent

Salary: up to £48,000

Location: London

Job ID: JA0308LC

[vc_row][vc_column width=”1/2″][vc_row_inner][vc_column_inner width=”1/6″][vc_icon icon_fontawesome=”fa fa-user” color=”custom” background_style=”rounded” background_color=”custom” size=”xs” custom_color=”#feea64″ custom_background_color=”#292929″][/vc_column_inner][vc_column_inner width=”5/6″][vc_acf field_group=”1748″ field_from_1748=”field_5c619eb5149e4″ show_label=”yes”][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”1/2″][vc_row_inner][vc_column_inner width=”1/6″][vc_icon icon_fontawesome=”fa fa-gbp” color=”custom” background_style=”rounded” background_color=”custom” size=”xs” custom_color=”#feea64″ custom_background_color=”#292929″][/vc_column_inner][vc_column_inner width=”5/6″][vc_acf field_group=”1748″ field_from_1748=”field_5c5ef35454666″ show_label=”yes”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_row_inner][vc_column_inner width=”1/6″][vc_icon icon_fontawesome=”fa fa-map-marker” color=”custom” background_style=”rounded” background_color=”custom” size=”xs” custom_color=”#feea64″ custom_background_color=”#292929″][/vc_column_inner][vc_column_inner width=”5/6″][vc_acf field_group=”1748″ field_from_1748=”field_5c5ef34854665″ show_label=”yes”][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”1/2″][vc_row_inner][vc_column_inner width=”1/6″][vc_icon icon_fontawesome=”fa fa-hashtag” color=”custom” background_style=”rounded” background_color=”custom” size=”xs” custom_color=”#feea64″ custom_background_color=”#292929″][/vc_column_inner][vc_column_inner width=”5/6″][vc_acf field_group=”1748″ field_from_1748=”field_5c619ef8cc060″ show_label=”yes”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_separator css=”.vc_custom_1549902118595{padding-top: 20px !important;}”][vc_column_text]Our client, a very successful international Investment Management company, are looking for a Loan Closer to join their busy London based, European Asset Services Department.

The successful Loan Closer will be responsible for managing the full trade settlement lifecycle of an allocated set of Loan names on a timely and accurate basis.

Main Responsibilities of the Loan Closer:

  • Review and understand LMA/LSTA par/distressed standard documentation such as Trade confirmations, Transfer certificates, Participation agreements, Multilateral agreements, Pricing letters etc.
  • Review and understand Credit Agreements and the clauses pertaining to transfers
  • Effect trade settlements using ClearPar, in order to ensure accuracy of LMA/LSTA documentation and calculation of trade proceeds
  • Calculate trade related formulas, such as delayed compensation, cost of carry and economic benefit
  • Target closing trades ahead of the LMA/LSTA standards for settlement time
  • Monitoring/tracking/reporting of all trades using appropriate workflow tools
  • Identifying and escalating issues to traders, in house legal and compliance teams as well as management
  • Co-ordinate settlement efforts with internal teams incl. Legal, Compliance, Finance, US Loan Closing, FX and Middle Office teams as required
  • Liaise with Administrative Agents with regards to KYC documentation, including administrative details, tax and fund formation documents
  • Develop network of effective relationships with Counterparties and Agents
  • Identify process efficiencies and marginal gain opportunities for the team.
  • Assist line management with initiatives and projects as required

Skills & Experience required of the Loan Closer:

  • Knowledge of loan settlements or administration or loan documentation
  • Numerate with high attention to detail
  • Clear and confident communicator, both verbally and written
  • Proactive and ability to work with minimum supervision (post training);
  • Ability to work to tight deadlines and flexible to meet personal and team workload
  • Previous knowledge of ClearPar, WSO and other Loan market systems would be a preference but not essential

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