Loans Agency Associate

Position: Contract

Salary: £250.00 Per Day

Location: London

Job ID: JA1703LAA

This is an exciting opportunity for a Loans Agency Administrator to join the London office of one of world’s largest international banks, on a 1 year contract.

The main Responsibilities of the successful Loans Agency Associate:

  • Responsible for carrying out a host of daily operational and oversight activities in relation to a book of syndicated loans in the role as Facility Agent. Including all operational processing.
  • Continuously provide high quality client service to achieve maximum customer satisfaction.
  • Manage Deal and Facility setup in Loan IQ
  • Coordination with the Client Service and Transaction Manager on the operational aspects of the closing process (initial drawdown / fees, conditions precedent etc)
  • Perform Quality Assurance function on new deal set up and amendments.
  • Review of the documentation from an operational perspective.
  • Set up Deal in Loan IQ for new transactions and complex amendments based on the facility agreement.
  • 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.
  • Prepare and manage drawdown, rollover, margin adjustment, repricing prepayments and repayments on complex transactions.
  • Checking and Releasing Cash flows
  • Reconciliations and Investigations
  • Margin changes (Maintaining ratios, Covenants)
  • Fee settlement & Billing (Commitment, Utilisation, SBLC, Waiver, Agency & Upfront)

Skills and experience required of the Loans Agency Associate:

  • Sound knowledge of Loan IQ & a good understanding of the Syndicated Loan product.
  • Strong communication skills to deal with internal and external clients
  • Strong organisational skills and the ability to prioritise work
  • Pro-active problem solving attitude
  • Able to deliver high accuracy and volume of work to excellent standards
  • Strong understanding of operational risk
  • Client focused, with a proven record of commitment to excellent customer service