Loan closer

2 days ago

Bengaluru, India ThoughtFocus Full time

Job Description

Responsibilities:

- Full ownership of all bank loan settlements based on the assigned issuers including
- Par/Distressed loan closing life-cycle of trades including new asset set-up, settlements, reconciliations in a high-volume environment
- Interact with internal groups (Accounting, Traders, Portfolio Managers, Legal, Compliance), outside legal counsel, administrators, and custodian banks
- Perform data integrity checks and reconciliations
- Review legal documentation Trade Confirmation, Assignment and Assumption Agreement, Proceeds letter, Multilateral Agreement, and Funding Memos
- Chase counterparties for missing wires for trade cash breaks
- Confirm trade tickets from internal records
- Review settled cash alert reports and provide status to traders/portfolio managers
- Work closely with the counterparty to coordinate all aspects of the loan process and escalate counterparty issues
- Maintain and update fund details on ClearPar
- Understand LSTA and LMA guidelines, syndicated loan closing, settlement, and documentation including working with Assignment & Acceptance agreements and Purchase and Sale Agreements
- Experience with settling non-USD loans, revolving commitments

Qualifications:

- 4+ years hands-on loan closing, loan servicing, settlements, trade support, middle office (buy-side fund/agency/fund admin)
- Excellent communications skills
- Strong Excel and technology skills
- Knowledge of bank loan operations
- Experience with structured products/leveraged loan structure CLOs, Distressed, High Yield, Leveraged Loans, Private Debt
- Experience with ClearPar, Wall Street Office (WSO), Everest/Black Mountain
- Knowledge of CLO Funds / Fund Structures / Compliance

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