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Loan closer - Immediate joiner @ ThoughtFocus

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 Loan closer - Immediate joiner

Job Description

Loan closer - Immediate joiner


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

Job Classification

Industry: Banking
Functional Area / Department: Other
Role Category: Other
Role: Other
Employement Type: Full time

Contact Details:

Company: ThoughtFocus
Location(s): Mysuru

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Keyskills:   loan servicing Trade Life Cycle settlements loan closing middle office non-USD loans

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ThoughtFocus

Thoughtfocus ThoughtFocus is a privately held company, headquartered in Milwaukee, Wisconsin. We lead transformation in business with technology and insights to add value in four major sectors, Aerospace & Defense, Education, Finance, and Manufacturing. We're unlike the large consulting firm...