Bank Loan Closer

Overview

• Manage loan trade settlements across multiple funds, ensuring accuracy and compliance with industry standards.
• Coordinate daily cash flows between trustees and treasury, maintaining seamless financial operations.
• Prepare and execute trade documents, including assignment agreements and funding memos.
• Collaborate with agents and counterparties to achieve timely settlement of transactions.
• Ensure all internal approvals are received and settlement documents are distributed appropriately.
• Understand complex corporate structures and coordinate tax form requests effectively.
• Assist with bond settlements, audit requests, and special projects as required.
• Contribute to procedure updates and continuous process improvements within the department.

Key Responsibilities & Duties

• Handle settlement processes, ensuring accuracy in cash disbursements and documentation.
• Monitor and coordinate daily cash flows between trustees and treasury teams.
• Prepare and review legal documentation, including credit agreements and loan parameters.
• Collaborate with internal and external stakeholders to achieve settlement goals.
• Maintain compliance with Know Your Customer (KYC) and tax documentation requirements.
• Support audit processes and contribute to departmental projects and initiatives.
• Enhance operational efficiency through innovative mindset and industry knowledge application.
• Manage portfolio administration tasks, ensuring accuracy in daily processing activities.

Job Requirements

• Bachelor’s degree required, preferably in finance or related field.
• Minimum 1 year of experience in loan settlements; 3 years preferred.
• Proficiency in ClearPar and LSTA trade documentation is advantageous.
• Advanced Microsoft Excel skills for data analysis and reporting.
• Knowledge of broadly syndicated loans and credit agreements.
• Strong analytical and critical thinking abilities to address complex issues.
• Enthusiastic about contributing to a hybrid work culture and team collaboration.
• Ability to manage multiple tasks and maintain high-quality standards.