Syndicated loan operations specialist – Loan Closer associate

Joseph Sullivan

Asset manager - Fixed Income

Syndicated loan operations specialist

Syndicated loan operations specialist – Loan Closer Associate

 

  • Organisation type: Asset Manager
  • Salary Range: 38-50k , flexible DOE
  • Position: Full time Permanent
  • Benefits: Full benefits
  • Reports To: Sr. Director – Dublin
  • Location: Dublin City Centre
  • 3 years + experience in a related role in Accounting or Finance
  • Bachelors degree

Finsearch have a permanent opportunity open for a Syndicated loan operations specialist, working with an Asset Manager in Dublin City Centre. The company combines Asset management and technology to create a unique financial ecosystem for alternative asset managers across the entire investment lifecycle.

The position monitors and manages large volumes of loan closings, updates data in systems and performs reconciliations liaising with client, assisting with various tasks related to loan closings, and communicates with internal and external parties regarding loan closings.

Up to
38000
Guide

 

Technical or Administrative Knowledge (indicative):

  • Highly proficient with Microsoft software
  • Advanced Excel skills required
  • Knowledge of closing par and distressed loans especially as it relates to the LMA/European market
  • Knowledge of transfer documentation including purchase price letters, netting letters, funding memos, participation agreements, consent and elevation agreements, termination agreements and transfer certificates
  • Knowledge of trade fee calculations
  • Exposure to both VTS and ClearPar systems used, relevant systems experience is fine  (WSO, markit etc.)
  • Ability to read and interpret credit agreements
  • Experience with daily loan transactions and loan tracking systems a plus

Special Skills and/or Abilities:

  • Syndicated loan operations/middle office experience
  • Strong verbal and written communication skills
  • Excellent attention to detail
  • Exercises independent judgment and is multi-task oriented
  • Takes initiative and ownership of job responsibilities
  • Must be able to work well with others in a team environment
  • Must be able to perform job duties accurately and timely
  • Must adhere to deadlines and targets given

Responsibilities:

  • Coordinate with trade counterparties to receive and review par and distressed trade documentation
  • Initiate contact with legal counsel and follow up, when needed, for distressed trades
  • Coordinate trade closings among counterparties, agents, and other groups to include formulation of pricing when needed
  • Review funding memos for discrepancies prior to settlement
  • Communicate and resolve, when possible, trade issues. Escalate when necessary
  • Communicate proactively and effectively with clients, as needed
  • Process and reconcile pending trades to client’s trade tickets/blotter and blotter
  • Follow up on dated pending trades over T+10, and keep current comments updated
  • Return excess principal / request funding from by required deadlines
  • Check deal email folders daily for possible amendments and Borrowing requests
  • Review amendments and forward to clients for approval
  • Ensure that signatures for amendments are received and forwarded to the appropriate contacts by their required deadline
  • Update Fee Calculations spreadsheets as needed
  • Work within the team as well as across the firm to resolve issues and meet deadlines
  • Displays independent judgment and take initiative and ownership of responsibilities
  • Work closely with others internally to resolve issues timely
  • Prepare various reports needed by internal management relating to Loan Settlements or special client request
  • Monitor and process trades for Client service Teams
  • Assisting Asset Administration during quarter-end, or other high-volume days as needed
  • Other duties as assigned by Management

For a confidential discussion please apply below, or email jsullivan @finsearch.ie

Finsearch Professional recruitment provide staffing solutions across Asset management, Fund Administration, Compliance & Financial services; Prroviding permanent, contractor, and RPO services. Our focus is professional delivery & preserving integrity for both clients & candidates.

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