Loans Agency (Documentation) Loans Agency (Documentation) …

LMA
in London, United Kingdom
Temporary, Full time
Last application, 21 Jun 21
300.00
LMA
in London, United Kingdom
Temporary, Full time
Last application, 21 Jun 21
300.00
Posted by:
Kim Carmona • Recruiter
Posted by:
Kim Carmona
Recruiter
To undertake assigned day-to-day tasks & responsibilities including acting as primary contact for and performing agent functions on a portfolio of mainly syndicated loan transactions
  • Facilitating communications, managing cash flows, maintaining a register of parties to the agreement, maintaining a register of lender commitments, deal activity and accruals (interest & fees), registering and safekeeping of security, coordinating amendment and waiver requests, and following procedures described in the facility documents in respect to borrower default and enforcement of security.
  • Regular engagement with external advisors e.g. legal, technical, insurance etc
  • Roles undertaken include Facility Agent, Security Trustee, Intercreditor Agent, Global Facility Agent and Account Bank on a broad spectrum of sectors including Structured, Project, Leverage, Trade, FI and Corporate finance
  • In respect to new transactions, Agency Group is involved from the initial bid through to final maturity. Loan tenors range from 1 or 2 years through to 30 years plus
  • The agent receives an annual fee from the borrower for undertaking the role. Each new deal is priced using the agency fee pricing tool which uses a number of key factors to estimate ongoing resource requirements and appropriate fee level
  • Requirements

  • Good understanding of general banking operations/practices including loan agency and administration, payments, treasury funding, static data control, document management and safe keeping
  • Understanding of legal and compliance matters relating to agent functions
  • Understanding of primary syndication and secondary trading processes
  • Experience reviewing facility agreements, security trust & intercreditor agreements, common term agreements & account bank agreements
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