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Loan Closing Manager

Posted 9 April by Taylor James Resourcing Easy Apply Ended

We are looking for a Loan Closing manager To oversee, monitor and lead Loan Closing team activities and to lead and provide subject matter expertise in the associated end to end loan closing processes.

Working within the European Asset servicing team of a Global Asset management business

You will be supervising 3 direct reports

  • Reviewing and understanding LMA/LSTA par/distressed standard documentation such as Trade confirmations, Transfer certificates, Proceeds Letters, Participation agreements, Multilateral agreements and Pricing letters
  • Reviewing and understanding Credit Agreements and the clauses pertaining to transfers
  • Overseeing Private share sales
  • Using bank loan systems including, but not limited to, Wall Street Office and ClearPar, in order to ensure accuracy of LMA/LSTA documentation and calculation of trade proceeds
  • Calculating trading formulas, such as delayed compensation, cost of carry and economic benefit
  • Managing trade settlements, with the goal of settlement within the LMA/LSTA standards for settlement time
  • Monitoring/tracking/reporting of all trades using appropriate workflow tools
  • Identifying and escalating issues to the trading desk, in house legal and compliance teams as well as management
  • Knowledge of the LMA/LSTA markets and the implications of the wider market on settlements
  • Co-ordinating settlement efforts with various members of the Finance team

Ongoing reviews of process control Liaise with Administrative Agents with regards to KYC documentation, including administrative details, tax and fund formation documents

Required skills

  • Asset Servicing
  • Loan Closing

Reference: 34857575

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