Primary Loan Associate Closer
7 months ago
**JOB DESCRIPTION**
Do you have experience working as a Loan Closer and have a passion to work in a dynamic environment? Then join our team
As a Primary Loan Associate Closer you will join Wholesale Lending Services where you will be managing a portfolio of primary loan trades from trade date through to settlement. You will be working in a very dynamic environment and partnering with the trading desk, external clients, legal counsel and other WLS teams to settle primary loan trades across Europe Middle East and Africa (EMEA)
Wholesale Lending Services (WLS) provides global end-to-end loan origination, servicing, restructuring, and trading support. Services are tailored to the needs of the client and lines of business, ranging from bilateral to large syndicated loan agreements. Services provided include Loan Origination; Deal Closing & Funding; Documentation Review; Core Loan Servicing; Primary / Secondary Loan Closing & Trade Settlement.
**Responsibilities**:
- Partners with the trading desk, external clients, legal counsel and operations to settle primary trades across Europe Middle East and Africa (EMEA)
- Understands, reviews and drafts LMA standard documents and other trade-related documents including Assignment Agreements, Global Transfer Certificates and Multilateral Agreements
- Coordinates with internal and external legal counsel to agree to proposed changes to trade documents
- Reviews and understands syndicated credit agreements with specific focus on transfer mechanics
- Manages a challenging trade portfolio across various lines of business while maintaining a healthy aging profile and driving reduced settlement times
- Identifies and escalates issues to the front office trading assistants / traders / sales people, internal legal counsel and operations management
- Works directly with counterparties, internal partners and external Agents to resolve issues
- Coordinates timely and precise trade settlement with various settlement groups across WLS
- Performs trade-related calculations, including OID & Ticking Fee
- Creates and understands key metrics reporting for front office teams; daily / weekly / monthly reporting of open / closed / new trade population
- Works on non-BAU projects and initiatives designed to improve automation and strengthen the team’s control environment
**Required qualifications, capabilities, and skills**
- Excellent oral and written communication skills
- Excellent analytical skills
- Extremely detailed and control orientated; keen to understand the detail
- Strong PC skills in particular Excel, Word and PowerPoint
- Must have excellent client service skills
**Preferred qualifications, capabilities, and skills**
- Knowledge of LMA documentation, Loan IQ and ClearPar
**ABOUT US**
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
**ABOUT THE TEAM**
Commercial Banking is focused on helping our clients succeed and making a positive difference in our communities. We provide credit and financing, treasury and payment services, international banking and real estate services to clients including corporations, municipalities, institutions, real estate investors and owners, and nonprofit organizations.
Operations teams develop and manage innovative, secure service solutions to meet clients’ needs globally. Developing and using the latest technology, teams work to deliver industry-leading capabilities to our clients and customers, making it easy and convenient to do business with the firm. Teams also drive growth by refining technology-driven customer and client experiences that put users first, providing an unparalleled experience.
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