CLO/Loan Closer Associate

CLO Associate/Loan Closer Job Description-1-4 years

• Manage day to day activity of CLO warehouses. Communicate trade flow between fund managers and TRS provider. Communicate/fix discrepancies.
• Enter/close CLO warehouse trades in LIQ to track positions
• Interpret warehouse legal documents to properly track life cycle of warehouse
• Tie out warehouse economics with CLO fund managers.
• Ability to manage the trade portfolio, across multiple business lines, following all trades from Trade Date to Settlement whilst maintaining a clean open trade aging profile and driving reduced settlement times
• Ensuring all new trades and fund allocations are added and set up in our internal systems
• Drafting of Loan Trade Closing documentation – including Trade Confirmations, Transfer Documents, Pricing Letters (amongst others) when not closing via electronic platform
• Coordinating with Trader, sales and Legal (internal and external) on proposed changes to Trade documents
• Identifying and escalating issues to the front office traders/ sales, in-house legal counsel, compliance, and management when necessary
• Working directly with clients, internal partners and external Agents to resolve issues and ensure smooth closing of all trades.
• Prepare and review settlement calculations including delayed compensation, cost of carry and benefit of commitment reductions
• Co-ordination and timely solution of any post trade settlement cash queries with Internal and external Clients.
• Responsible for waiver and amendment monitoring for credits across portfolio and action them with internal stakeholders when necessary, including bankruptcy and restructurings
• Working on internal projects and initiatives designed to improve automation and strengthen the team's control environment across our global franchise.

Skills Required

• Knowledge of Loan IQ, and ClearPar would be beneficial.
• Knowledge of information wall barriers preferred.
• Strong PC skills Excel, Word and PowerPoint
• Excellent oral and written communication skills
• Self-motivation with tangible examples of demonstrating drive and initiative
• Demonstrate they are a detail orientated individual that can multitask efficiently under pressure in a fast-paced environment
• Must be able to resolve issues daily
• Must have excellent client service skills with both internal and external clients
• humble and honest team player and a partner to all internal stakeholder across our global firm

The salary range for this role is $100,000-$115,000.