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Loan Trading Settlement / Par Loan Closer, AVP
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$75,000 - $110,000 a year
Full-time
- Prepare, post & review LSTA/LMA standard documents and other various loan documents including trade confirms, assignment agreements, proceeds letters, participation agreements, multilateral agreements, distressed agreements and funding memos to ensure documentation accurately reflects the instruction of the trade ticket & approval.
- Proactively engage with traders, sales coverage, authorized signatories, customers, client onboarding, counsel, account officers, middle office, and loan operations to settle secondary par and distressed loan trades and third party assignments.
- Identify and escalate issues to the traders, sales people, in-house legal counsel, account officers, and management, when necessary.
- Assist with KYC and tax form requests.
- 5+ year experience closing secondary par and distressed loan trades
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