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Loan Closer

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Loan Closer

  • Location:

    London

  • Sector:

    LMA UK Operations

  • Job type:

    Permanent

  • Salary:

    Negotiable

  • Contact:

    Daniel Baker

  • Contact email:

    Daniel.Baker@lmarecruitment.com

  • Job ref:

    DBDAB_1626249312

  • Published:

    16 days ago

  • Expiry date:

    2021-08-13

  • Client:

    ClientDrop

I am working with a niche boutique financial services firm who are looking to recruit a Loan Closer.

The Loan Closing Team oversee the Trade Settlement process of Primary loans and Secondary Par and Distressed loans.

Responsibilities including:

  • Producing and/or reviewing Trade Confirmations, Transfer Documents, Netting Agreements, Participation Agreements and Pricing Letter
  • Co-ordinating settlement of trades with counterparty and respective Agents and any other key stakeholders linked to transfer of asset
  • Reconciliation of open trades against Client open trades report
  • Ensuring that underlying loan is transferred in accordance with provisions within Credit Agreement and that the New Lender tax status is correctly reflected

To be successful in this role you must have some Loan Closing experience plus the ability to work with high volume of open trade and numerous sub allocations. In return they are offering a market rate salary.