Loan Closer - Loan Closing Team Loan Closer - Loan Closing Team …

Global Loan Agency Services
in London, United Kingdom
Permanent, Full time
Last application, 13 Nov 21
Competitive
Global Loan Agency Services
in London, United Kingdom
Permanent, Full time
Last application, 13 Nov 21
Competitive
Posted by:
Tom Massey • Recruiter
Posted by:
Tom Massey
Recruiter
GLAS is an award-winning independent debt administration services company providing, amongst other services, loan agency, security agency and corporate trustee services in the international debt capital markets.

With its origins in acting in complex restructuring transactions, GLAS' work covers a broad range of transactions ranging from direct lending with banks and debt funds to high yield bond issuances and complex debt restructurings. GLAS' services are delivered in connection with corporate debt, acquisition finance, project and infrastructure finance and sponsor and corporate led leveraged finance transactions.

GLAS currently has offices based in London, Sydney, New York, New Jersey, and Singapore. An opportunity has arisen to join this growing and dynamic firm as a Loan Closer, providing support to the Loan Closing team based in the London office.

About the Team

The Loan Closing Team oversee the Trade Settlement process of Primary loans and Secondary Par and Distressed loans traded by, amongst others, established Financial Institutions, Asset Management firms and Banks, on LMA and LSTA documentation.

Position Summary

Producing and/or reviewing Trade Confirmations, Transfer Documents, Netting Agreements, Participation Agreements and Pricing Letters

Co-ordinating settlement of trades with counterparty and respective Agents and any other key stakeholders linked to transfer of asset

Co-ordinating settlement of trade with respective Client lender custodian and Client operations team, and managing any subsequent cash settlement queries

Ensuring that underlying loan is transferred in accordance with provisions within Credit Agreement and that the New Lender tax status is correctly reflected. Where applicable, being aware of any additional provisions for transfer and registration of Security

Daily correspondence with Client with regards to liquidity for various lender vehicles and arranging settlement in accordance with lead times

Maintaining an up to date record of all open trades together with respective trade status

Reconciliation of open trades against Client open trades report

Use of Clearpar, however a substantial volume of ‘offline’ Trade Settlement where manually drafted documentation is required

Management of Corporate Action/Waiver process. Liaising with Client and open trade counterparty to coordinate and manage vote accordingly

Key Requirements

Minimum 2-3 years Loan Closing experience

Ability to work with a high volume of open trades and numerous sub-allocations

Strong understanding of LMA and LSTA Terms and Conditions

Ability to review LMA and LSTA credit documentation

Strong knowledge of Clearpar and Excel

Market and Risk awareness

Management of Client expectations and ability to work under pressure within strict deadlines

Clear and concise communication skills

Key Personal Skills / Attributes

  • Excellent written and verbal communication skills
  • Demonstrates an enthusiastic and proactive approach to workload
  • Adaptable and inquisitive with a “can do” attitude and a calm demeanour
  • Accustomed to working collaboratively in a team environment but also able to work autonomously and take initiative
  • High personal standards of work and dedicated to consistently providing a high-quality service
  • Ability to identify urgent matters and escalate or resolve accordingly
  • Strong work ethic and the ability to multi-task effectively to meet tight deadlines
  • Highly organised with excellent time management skills and attention to detail
  • Establishes and maintains good relationships with Clients and other key counterparties
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