Loan Closer

Position Title: Loan Closure

Location: Mysore, Karnataka

Shift: US Shift

Employment Type: Full-time & WFO

Responsibilities:

Full ownership of all bank loan settlements based on the assigned issuers including

• Par/Distressed loan closing life-cycle of trades including new asset set-up, settlements, reconciliations in a high-volume environment

• Interact with internal groups (Accounting, Traders, Portfolio Managers, Legal, Compliance), outside legal counsel, administrators, and custodian banks

• Perform data integrity checks and reconciliations

• Review legal documentation Trade Confirmation, Assignment and Assumption Agreement, Proceeds letter, Multilateral Agreement, and Funding Memos

• Chase counterparties for missing wires for trade cash breaks

• Confirm trade tickets from internal records

• Review settled cash alert reports and provide status to traders/portfolio managers

• Work closely with the counterparty to coordinate all aspects of the loan process and escalate counterparty issues

• Maintain and update fund details on ClearPar

• Understand LSTA and LMA guidelines, syndicated loan closing, settlement, and documentation including working with Assignment & Acceptance agreements and Purchase and Sale Agreements

• Experience with settling non-USD loans, revolving commitments

Qualifications:

• 4+ years hands-on loan closing, loan servicing, settlements, trade support, middle office (buy-side fund/agency/fund admin)
• Excellent communications skills
• Strong Excel and technology skills
• Knowledge of bank loan operations
• Experience with structured products/leveraged loan structure CLOs, Distressed, High Yield, Leveraged Loans, Private Debt
• Experience with ClearPar, Wall Street Office (WSO), Everest/Black Mountain
• Knowledge of CLO Funds / Fund Structures / Compliance