Bank Loan Closer

Loan Closer, LMA & LSTA

As a leading financial services and healthcare technology company based on revenue, SS&C is headquartered in Windsor, Connecticut, and has 27,000+ employees in 35 countries. Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.

Job Description

About the Role

The Bank Loan department is looking for a Loan Closer to join their team. It is a growing department that offers loans expertise and support to its varied client base.

Your Responsibilities

The successful candidate will work within a dedicated team to provide daily bank loan closing services, utilising both external third-party systems and SS&C tailored internal systems. They will have responsibility for ensuring all bank loan trades are successfully settled via the bank loan agent and settlement calculations are accurate and complete as well as managing all other aspects of our clients’ loan trade requirements. Some of the key duties are listed below:  

• Review and match client trade bookings against external third-party documentation facilitation platforms. 
• Allocate to sub funds as necessary and review trade documentation (LMA and LSTA)  such as trade confirmations, assignment agreements, participation agreements, netting agreements and pricing letters in the third-party documentation facilitation platform.  Liaise with counterparties and agents or, as maybe necessary, the client to resolve any discrepancies or issues.
• Review settlement calculations for accuracy and completeness and submit executed documentation for settlement and funding/payment.
• Update internal systems with status and comments of unsettled trades.
• Prepare reports and liaise with client on unsettled trades status on a regular basis.
• Liaise with client on their instructions for an ad hoc vote, waiver or consent request and advise same to counterparty or agent.
• Liaise with client on their cash management objectives and balances in relation to settlement of buy and sale trades.
• Work on automation or other technology projects related to loan closing and administration.

Your Experience

• Bachelors degree in Finance or related discipline.
• Financial services industry experience in Bank Loan servicing or closing working for a bank, hedge fund, administrator, or prime broker.
• Understanding of loans including life cycle events, trade closing mechanics and economics, market settlement conventions, Credit Agreements and their operational mechanics (i.e. funds flows, ticking fees, paydowns, drawdowns, Affiliate language etc.)
• Knowledge of Clearpar.
• Proven ability to work under pressure and meet deadlines.
• Exceptional client relationship management skills.

Proven ability to work within a team environment in a productive and supportive manner.

 

 

Unless explicitly requested or approached by SS&C Technologies, Inc. or any of its affiliated companies, the company will not accept unsolicited resumes from headhunters, recruitment agencies, or fee-based recruitment services.

 

 

 

 

 

 

 

 

 

 

Applications will be accepted on an ongoing basis until the position is filled.

 

 

SS&C Technologies is an Equal Employment Opportunity employer and does not discriminate against any applicant for employment or employee on the basis of race, color, religious creed, gender, age, marital status, sexual orientation, national origin, disability, veteran status or any other classification protected by applicable discrimination laws.

Experience Level

Entry Level