Loans Administration Associate

Position: Permanent

Salary: up to £60,000

Location: London

Job ID: JA2308LAA

Our client, one of the most reputable international banks in the world, are looking for a Loans Administration Associate to join their busy London office.

You will be responsible for carrying out a host of daily operational and oversight activities in relation to a book of syndicated loans in their role as Lender/Participant. Including all operational processing, effective handling of process related queries and acting as an escalation point on operational aspects for our City Offices as well as for Global & Commercial Banking Relationship Mangers/ Client Service Managers / Finance and Origination Teams.

Main Responsibilities of the Loans Administration Associate:

  • Continuously provide high quality client service.
  • Regular contact will be maintained with a very wide variety of both internal and external customers in a number of locations. 
  • Review of the documentation from an operational perspective
  • Manage Deal and Facility setup in Loan IQ
  • Prepare and manage drawdown, rollover, margin adjustment, repricing prepayments and repayments on complex transactions.
  • Coordination with the Client Service and Transaction Manager on the operational aspects of the closing process (initial drawdown / fees, conditions precedent etc.)
  • Coordination with operational Sites for static data set up including SSI’s and Call Back.
  • Coordination with ops team to ensure key static has been set up in a timely manner.
  • Perform Quality Assurance function on new deal set up and amendments.
  • 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.
  • Checking and Releasing Cash flows
  • Reconciliations and Investigations
  • Margin changes (Maintaining ratios, Covenants)
  • Fee settlement & Billing (Commitment, Utilisation, SBLC, Waiver, Agency & Upfront)

Experience required of the Loans Administration Associate:

  • Hold a good understanding of the Syndicated Loan product and market
  • Strong communication skills to deal with internal and external clients both written and verbally
  • Strong organisational skills and the ability to prioritise work, to ensure transaction deadlines are achieved
  • Pro-active problem-solving attitude
  • Experience of primary syndication and/or secondary trading is desired
  • Able to deliver high accuracy and volume of work to excellent standards under pressure
  • Strong understanding of operational risk
  • Client focused, with a proven record of commitment to excellent customer service.