Our client, based in the city, is looking for an experienced Secondary Loan Closer to join their middle office team on a temporary contract.
The Secondary Loans Closer will work closely with all Transaction Managers and the Loan Operations team to ensure the controlled on-boarding of all new transactions from the pre-closing/funding stages through certain ongoing portfolio administration tasks.
The main responsibilities of the secondary loan closer are;
- Manage post-closing accession process – coordinating with Lenders and legal counsel – updating all records and systems
- Secondary Market Trade processing – paper-based and Clearpar trades – KYC/checking seller positions/updating spreadsheets and WSO / coordinating with buyer & seller/processing and recording of trades and working with colleagues to issue invoices.
- Working closely with the management accounting and operations teams to assist in resolving any queries arising from the daily reconciliation of the Client and House accounts.
- Working with transaction management and the operations team to assume deal management pre closing – running the closing cash flows*; preparing closing invoices; updating files and tasks upon receipt / taking over and completing the deal “Closing Checklist” (“DCC”)
- Prior to each new deal closing working from the funds flow, reaching out to all lenders/funders to ensure compliance with MT103 format and to confirm all KYC required.
- Working with Management to assist in the production of the Monthly MIS Report
- Run an annual collateral audit for deals under management/within assigned portfolio
Experience required of the successful Secondary Loan Closer;
- A minimum of 2 years Loan Closing experience
- The ability to hit the ground running
- The ability to multitask and prioritise your work
- Work well within a team orientated environment