Loan Closer

Position: Temporary

Salary: £325 per day

Location: London

Job ID: JALC071022

Our client, a leading global bank, is looking for an ambitious, experienced Loan Closer to join their team on a temporary basis. The perfect candidate will slot into their busy team to help support the firms origination and Distribution teams.

About You:

You are a proactive, efficient loan closer who can quickly settle into a Loan closing role that aligns with your experience and expertise. You handle high volumes with confidence and an analytical approach. You have great attention to detail and have an eye for quality control.

Responsibilities of the Successful Loan Closer:

  • Reviewing and understanding syndicated credit agreements with specific focus on transfer mechanics.
  • Reviewing, negotiating and drafting LMA standard documents and other trade-related documents including confirmations, assignment agreements and participation agreements.
  • Coordinating with internal and external legal counsel to agree to proposed changes to trade documents.
  • Identifying and escalating issues to the front office trading teams, internal legal counsel and operations management.
  • Working directly with counterparties, internal partners and external Agents to resolve issues and ensure timely closure.
  • Creating and understanding key metrics reporting for daily / weekly / monthly reporting of open / closed / new trade population.
  • Coordinating timely and precise trade settlement with various settlement groups across the Bank.
  • Review and approve all lending documentation, ensuring operational aspects are controllable and in accordance with agreed procedures.
  • Execution and approval of consistency check between lending documentation and credit approval in GBR, providing final sign off of Key Terms & Conditions, including fulfilment of credit conditions.
  • Development of procedures and business process flows with Front Office & Finance Dept for unstructured transactions, ensuring booking methodology is agreed and understood.
  • Escalation of the risk issues impacting transactions, both from an internal policy perspective and from a regulatory perspective, allowing for acknowledgment and acceptance where required.
  • Providing technical operational subject matter expertise to front office departments and team members to support the successful completion of transactions.
  • Constructively challenge and influence change to enhance business performance for the Section and Department to ensure best practise is established.