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Loan Closer - Loans Admin - Bank - £330/day - 6 months rolling

Job Seekers United Kingdom Financial Services Operations

Job Summary

  • City of London
  • Contract
  • BBBH775394
  • Feb 10, 2021
  • £300 - £350 pd
Job Description

Loan Closer / Loans background from either Loans Agency / Admin or Origination, Investment Banking, Loan IQ, ClearPar, LMA Agreements

Loan Trading Documentation - Par & Distressed Loan Closer position entails the following:

My client, a leading investment bank, are looking for a Loan Closer, initially working from home, on a 6 month rolling contract paying £330/day, with potential opportunities to move into a permanent role.

  • Working in a very dynamic environment and partnering with the trading desk, external clients, legal counsel and operations to settle primary / secondary par and distressed loan trades across EMEA
  • Understanding, reviewing and drafting LMA standard documents and other trade-related documents including confirms, assignment agreements, claims, proceeds letters, participation agreements, cash collateral agreements and multilateral agreements
  • Coordinating with internal and external legal counsel to agree to proposed changes to trade documents
  • Reviewing and understanding syndicated credit agreements with specific focus on transfer mechanics
  • Managing a challenging trade portfolio across various lines of business while maintaining a healthy aging profile and driving reduced settlement times
  • Identifying and escalating issues to the front office trading assistants / traders / sales people, internal legal counsel and operations management
  • Escalating LMA trade confirmation issues, focusing primarily on key economics, language and fee-related disputes
  • Working directly with counterparties, internal partners and external Agents to resolve issues
  • Monitoring / tracking / reporting of all escalated issues using appropriate workflow tools
  • Coordinating timely and precise trade settlement with various settlement groups across WLO
  • Performing trade-related calculations, including delayed compensation, cost of carry and benefit of commitment reductions
  • Creating and understanding key metrics reporting for front office teams; daily / weekly / monthly reporting of open / closed / new trade population
  • Responsible for waiver and amendment monitoring for credits where necessary
  • Working on non-BAU projects and initiatives designed to improve automation and strengthen the team's control environment

Qualifications / Experience

  • Extensive knowledge of the LMA market to include bankruptcy and restructurings; experience in distressed closings would be particularly desirable
  • Subject matter expertise in relation to loan transfer documentation and loan settlements
  • Knowledge of Loan IQ and ClearPar preferred
  • Excellent oral and written communication skills
  • Excellent analytical skills
  • Self-motivation with tangible examples of demonstrating drive and initiative
  • Highly organized
  • Extremely detailed and control orientated; keen to understand the detail
  • Ability to multitask efficiently under pressure and in a fast paced environment
  • Graduate calibre
  • Strong PC skills in particular Excel, Word and PowerPoint
  • Must be able to resolve issues on a daily basis
  • Must have excellent client service skills
  • European language skills desirable

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.

BY APPLYING FOR THIS ROLE YOU ARE AGREEING TO OUR TERMS OF SERVICE WHICH TOGETHER WITH OUR PRIVACY STATEMENT GOVERN YOUR USE OF MORGAN MCKINLEY SERVICES.

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Consultant Details

Consultant Details

Thomas Garbett
Thomas Garbett
  • Senior Consultant
  • 44 (0)20 7092 0102
  • tgarbett@morganmckinley.com