Operations/ Bank Debt Closer Operations/ Bank Debt Closer …

Green Key Resources
in New York, NY, United States
Permanent, Full time
Last application, 27 May 20
DOE
Green Key Resources
in New York, NY, United States
Permanent, Full time
Last application, 27 May 20
DOE
Seeking an individual to work as a Bank Debt Closer facilitating the closing of Bank Loan Trades across the global platform. The role requires extreme attention to detail, time management and decision-making abilities. The environment is fast-paced, and tasks must be completed precisely and timely each day.

Responsibilities: 

• Individual will work with a team of three closers and manager of the group

• Reconcile prior day’s trades with daily open trades report to make sure trade is entered correctly in system

• Review and allocate trades in ClearPar

• Ensure all proposed closing documents are correct in language and match trade specific details

• Coordinate closings

• Close of bank loan trades in ClearPar, or in some situations, through manual documentation • Settle trades in VPM and enter corresponding fees

• Send out closing documents to distribution list

• Resolve any trade issues that arise with counterparties and agent banks

• Assist in setting up wires for buy trades in certain funds

• Assist with all amendments/corporate actions

• Ability to review Credit Agreements and/or Senior Facility Agreements for successor and assign conditions

• Complete ad hoc requests and initiatives as directed – i.e. projects, reports or any research requested by the desk or other departments

 

 

Requirements:

• Undergraduate degree from top college (preferably in Finance, Accounting and Economics)

• 3-5 years of experience (e.g. direct bank debt, leveraged loan operations and/or exposure to distressed loans)

• Extensive experience with LSTA loans and ClearPar; LMA is a plus

• Must have extreme attention to detail and be well-organized • Experience with VPM is a plus

• Experience with CLOs is desired

• Knowledge of investment vehicles related to Bank Debt (CLOs, private equity funds, etc.) is a plus

• Must be able to work under pressure and adhere to very tight deadlines daily with great attention to detail

• Must have extreme attention to detail and be well-organized

• Must be able to multi-task; should be a quick learner

• Good communication and writing skills

• Must be comfortable communicating with traders and portfolio managers

• Knowledge of Microsoft Excel

 

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