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