Loan Closer

About Us:
UnitedLex (Erstwhile iRunway) is a data and professional services company delivering outcomes for high-performing law firms and corporate legal departments in the areas of digital litigation, intellectual property, contracts, compliance, and legal operations. Founded in 2006 with a mission to push the boundaries of legal innovation, we provide solutions that enable measurable performance improvement, risk mitigation, revenue gain, cost reduction, and digital business synergy.
Role Description:
The role needs to Coordinate trade settlements in the Syndicated Loan Market, liaise with counterparties and administrative agents on new issue trades and par trades. Manage both settled balances and cash balances to schedule trade closings with counterparties.
Experience and Job Skills requirements:
Domain
Basic knowledge of finance, trade life cycle, investment banking, and derivatives.
Understanding the Syndicated Debt Market (LSTA and LMA) will be an advantage.
Ability to understand and operate multiple Financial Trading platforms.
Understanding of US and European banking industry.
Operations
Coordinate trade settlements in the Syndicated Loan Market: liaise with counterparties and administrative agents on primary, par and distressed secondary trades.
Handle settlement of new issue & par loan trades.
Draft loan trade settlement documentation – Trade confirmations, Transfer Documents, Funding Memo when not settling via electronic settlement platform.
Manage amendments, non-pro-rata paydown, and other corporate action events.
Troubleshoot, timely escalate, and solve problems that arise from trade discrepancies.
Reviewing Audit confirmation requests from various counterparties.
Seek to improve operations procedures and controls within the group. Identify & timely action to mitigate risk.
Attention to detail/ high level of accuracy and 100% compliance to client SLA’s.
Experience and Qualification
1 to 2 years of relevant experience.
Good understanding of Loan and other financial products (Fixed Income, Derivatives, Bonds).
Knowledge of LSTA/LMA Guidelines will be an advantage.
Understanding of different Loan facilities: Term Loan, Revolver, Delayed Draw, LC is advantageous.
Candidate should have knowledge of Trade life cycle & roles of Front, Middle and Back Office.
Prior working experience on ClearPar, Loan IQ.
Excellent written & verbal communication skills.
Attention to detail/ high level of accuracy and 100% compliance to client SLA’s.
Work Conditions
9 hr. shift between 10:30am to 2:30am. US and UK daylight savings applicable when in place.
Adhere to UnitedLex and Client confidentiality and information security policies.
Work location: Gurugram, Haryana.
Work from office model, 5 days a week.
Depending on client and operational requirements the holiday calendar may be of the client location, UnitedLex India holiday list or a hybrid of the two.
Valid passport holders will be preferred.
UnitedLex is committed to preserving the confidentiality, integrity, and availability of all the physical and
electronic information assets throughout the organization. Consistent with the UnitedLex ISMS policy
and the ISO 27001 standard, every employee is responsible for complying with UnitedLex information
security policies and reporting all security concerns, weaknesses, and breaches.

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