Our tier one banking client is seeking to recruit an experienced Loans Agency Transaction Manager to join an established team at VP level. This is a permanent role based in London where you will be responsible for a variety of transactions as facility and security agent.
Key Responsibilities of the Loans Agency Transaction Manager:
- Involvement with senior stakeholders/business heads, meeting with business to discuss new deal flows and attending front office pipeline meetings
- Negotiate complex points with lawyers and clients and provide solutions when Loans Agency is unable to assume a responsibility as expected by the client
- Review the most complex facility documentation, particularly with new types of product, negotiate the terms and conditions, and establish the procedures to handle them, providing a template for future deals of a similar structure.
- Attend meetings/calls with Front Office personnel to ensure understanding of the responsibilities of the Agent role for individual transactions.
- Provide guidance to clients and business where required
- Review and manage complex waiver/amendment/restructuring requests
- Manage complex actual or potential Events of Default. Take the lead in negotiating on syndicate’s behalf where necessary, and oversee calls and meetings with syndicate
- Co-ordinate and lead event driven calls with lenders/lawyers
- Take a key role as a senior SME and have the necessary technical skills to deliver a superior service to, and build relationships with, stakeholders; help manage the workflows across the team, providing guidance, sharing knowledge, and mentoring the less experienced members of the team.
- Manage own portfolio of deals
Knowledge/Experience required of the Loans Agency Transaction Manager:
- A confident, professional syndicated loans documentation expert with extensive experience, and comprehensive understanding of all facets of syndicated loans business relating to documentation and the Facility Agent role.
- Common market and business practices
- Structure of the different types of facility
- Commercial aspects of the different types of business
- Withholding tax rules and regulations, particularly treatment of FATCA.
- Roles of other parties to syndicated loan documentation e.g. Security Agent, Collateral Agent, Account Bank, Intercreditor Agent, Arranger
- Debt workout situations
- Industry initiatives and changes
