Principal Loan Closer I

Overall purpose: 

• Close Syndicated Loans (New Issue and PAR trades) for the client in an efficient and with 100% accuracy and in prescribed timeliness in the LMA markets. Additional experience in the LMA markets will be an advantage. 
• Own trades are assigned end to end. Liaise with counterparties and administrative agents on New Issue (Primary Trades) & Par (Secondary Trades). Manage amendments, non-pro-rata paydown, and other corporate action events.
• Team members across the hierarchy of the team will be expected to be client focused, have strong communication skills, and the ability to work in a collaborative team environment both with internal team members and various stake holders within the client. The ability to build strong relationships will be expected. Team members should be able to work independently yet be able to seek advice and support from peers and senior team members when needed proactively.
• The Candidate will be responsible for managing his/her service delivery and meeting 100% of all Key Performance Indicators, Service Level Agreements, Client Satisfaction indexes.

This position will primarily be Work from Office (WFO) given the nature of business and the client driven security policies and requirements. Work hours would be generally between 1:30 pm to 11:30 pm with weekends off.

Adhere to UnitedLex and Client confidentiality and information security policies.

• Owning and Closing of LSTA New Issue & Par and Distressed Trades.
• Review underlying credit agreements to determine the correct form of assignment of the debt and to ensure that all transfer criteria can be met.
• Settle trades via ClearPar or on paper documents, where required.
• In the case of trades to be settled on paper documents, prepare draft trade confirmations, transfer documents and pricing letters (amongst others).
• Manage the loan trade lifecycle post trade execution and coordinate trade settlements in the Syndicated and Secondary Loan Market.
• Troubleshoot, escalate, and solve problems that arise from trade discrepancies. 
• Maintain, track, and prioritize all unsettled loan trades. 
• Facilitate amendments, non-pro-rata paydowns, and Credit events.
• Liaise with front office, legal counsel, tax departments and back office to ensure timely settlements.
• Co-ordinate and resolve any post trade settlement issues and cash queries with back office and trading counterparties.
• Collaborate with teammates to streamline processes and create efficiencies.
• Experience in trade operations processes and servicing bank loans.
• Ensuring timely delivery of internal and external reports.
• Liaise with front office, when required, to facilitate pre-trade arrangements.