Loan Closer

2 weeks ago


London, United Kingdom Page Personnel Finance Full time

The purpose of the Loan Closer is to support front office to grow a portfolio of leveraged loans in London. The Junior Loan Closer would be responsible for working with front office, headquarters and overseas collateral administrator to book, confirm, andsettle trades of European leveraged loans, as well make reports, P&L, cash management and reconciliation.

**Client Details**

The financial services client based in the City of London is a Japanese bank rapidly growing its presence in the UK within the European leveraged loans market.

**Description**

The main duties for the Loan Closer will be:

- Manage operational risk and ensure all internal processes are accurately followed
- Booking, confirming and settling par loan trades for leveraged loan investments within European corporates
- Reviewing and understanding LMA/LSTA Par standard documentation principally Trade Confirmations, Transfer Certificates and Pricing Letters
- Coordinating with trade counterparties to ensure timely settlement of trades
- Reviewing loan/credit documentation

**Profile**

The requirements for the Loan Closer are as follows:

- Minimum of 2-3 years Loan Closing experience, or similar, preferably from a Buy-side institution
- Excellent understanding of the leveraged loans settlements process, LMA/LSTA Standard Terms and Conditions and LMA NDAs

**Job Offer**

Competitive salary £40,000-£50,000 per annum plus bonus

Excellent career progression and benefits package on offer


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