Loan Closer

Location: new york
Base Salary: 75000-115000
Industry: Financial Services

Job Title: Loan Closer

Job Description:

The Loan Closer will work as a member of the Middle office team to support the Front Office to grow a portfolio of loan assets. The Loan Closer would be responsible for working with Operations Manager, Front Office, headquarters and collateral administrator to book, confirm, and settle loan trades, as well as manage our existing portfolio, generate reports on trade settlement, P&L, cash management and reconciliation.


Pay:       Competitive


Main Responsibilities:

  • Booking, confirming and settling par loan trades under LSTA and LMA documents
  • Reviewing and understanding LMA/LSTA Par standard documentation principally Trade Confirmations, Transfer Certificates and Pricing Letters
  • Coordinating with trade counterparties to ensure timely settlement of trades
  • Reviewing loan/credit documentation
  • Conducting KYC on trade counterparties
  • Management of covenants and reporting due dates
  • Ongoing management of existing loan portfolio and processing within Wall Street Office (WSO)
  • Work with Front Office and internal legal to review, negotiate and execute LMA NDAs
  • Support headquarters to maintain transaction database, perform cash management and asset balance reconciliation
  • Preparation of internal documents/reports
  • Identifying and escalating issues to the Front Office, internal legal and management when necessary


Skills and Qualifications:

  • 1-3 years experience of Loan Closing function, or similar, within a financial institution
  • Good understanding of loan settlements process and LMA/LSTA Standard Terms and Conditions
  • Experience with ClearPar, WSO and Intralinks / Debtdomain
  • Ability to review and understand Credit Agreements
  • Strong organisational skills and the ability to prioritise work to ensure transaction deadlines are achieved
  • Proficiency in MS Office suite, in particular Excel and Word
  • Strong sense of accountability with a commitment to achieving individual and team goals
  • Ability and desire to work in a fast paced, flat organizational structure
  • Keen to question, challenge and improve, particularly around internal processes
  • Strong communication skills to deal with both internal and external clients, including front office trading staff & legal
  • Knowledge of LMA NDAs would be beneficial
  • Japanese language ability would be a plus but not essential



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