Summary
Seeking a Bank Debt Closer!
Company Information:
A leading multi-strategy hedge fund with over $60 billion AUM is looking for a Bank Debt Closer to join their team!
Job Description:
- Prepare and review LSTA/LMA loan documents including assignments, confirms, multilateral nettings, proceeds letters, and participations.
- Engage closely with outside counsel to negotiate and draft documentation and track upstreams.
- Manage trade lifecycle in ClearPar and prioritize settlements where needed.
- Monitor and process all bank debt lifecycle events including but not limited to interest, fees, principal and restructures.
- Calculate lender of record interest, delayed compensation, and cost of carry.
- Actively reconcile cash and position balances and resolve breaks promptly.
- Proactively engage with internal groups such as trading desk, cash management, KYC, tax and others to facilitate trade booking and settlement.
- Work closely with external provider to ensure timely processing of all bank debt transactions and escalate issues where necessary.
- Coordinate amendment votes on pending trades and assist traders for submission on lender positions if needed.
- Prepare weekly report for trading desk to highlight trade statuses and potential issues/delays.
- Establish and maintain strong working relationships with counterparties, agents, and external service providers.
- Review credit agreements, amendments and agent notices.
Requirements / Qualifications:
- 3-12 years of experience
- Familiarity with loan based software, ClearPar and WSOWeb
