Our client, a tier one bank, is looking for an experienced and enthusiastic Loans Agency Associate to join their Agency and Lending team.
This role is fully remote, other than when necessary or twice a month where the team comes together for full collaboration and engagement as a team in their Manchester office.
Experience and Knowledge:
- Previous experience/understanding of LMA standard documentation
- In depth knowledge of syndicated Loan products and Services
- Technical specialism in Loan IQ is desirable but not essential.
- Proven experience is a control environment
- Excellent collaboration and stakeholder engagement skills
Your responsibilities will include:
- Review of the documentation from an operational perspective
- Manage Deal and Facility setup in Loan IQ
- Coordination with internal teams on the operational aspects of the closing process (initial drawdown / fees, conditions precedent etc)
- Coordination with operations regarding static data set up including SSI’s and Call Back.
- 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.
- 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)
- Establish and support strong relationships with key individuals in the client’s management team