Bank Loan Closer

Job description

Bank Loan Closer with Large Credit Asset Management firm

Responsibilities:

• familiarity with Par/Distressed Bank Loans, PIK notes, trade claims, warrants and private equities.
• manage third party vendor for LSTA/LMA par trade settlements
• discuss/negotiate closing matters with attorneys and counterparties
• review trade confirms and closing documents and arrange for execution – distressed and non-CLO/Par funds
• forward closing documents to third party vendor and internal operations team
• point person for KYC request from counterparties as well as assist operations with any withholding tax issues
• work with analysts and Accounting Department on corporate restructurings of our Bank Loan positions
• assist with trade booking and processing other Bank Loan entries in our systems

Requirements

• 2-8 + years experience with Bank Loan trade settlements
• Undergraduate degree
• Strong background in Excel
• User experience/knowledge of WSO/Markit, ClearPar, Geneva and/or Bloomberg is valued

Job Type: Full-time

Pay: $85,000.00 - $140,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off

Schedule:

• Monday to Friday

Education:

• Bachelor's (Required)

Experience:

• syndicated Bank Loan closing: 2 years (Required)
• cash and position reconciliation: 2 years (Required)

Ability to Commute:

• New York, NY (Required)

Work Location: In person