Summary
Searching for a Blank Debt Closer at a well established hedge fund!
Company Information:
One of the oldest hedge funds under continuous management and has achieved a long-term performance record of consistent returns.
Job Description:
- Engage closely with outside counsel to negotiate and draft documentation and track upstreams.
- Prepare and review LSTA/LMA loan documents including assignments, confirms, multilateral nettings, proceeds letters, and participations.
- 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:
- Familiarity with loan based software, ClearPar, WSOWeb, data sites.
- Strong understanding of LSTA/LMA terms and conditions.
- Experience in delivering meaningful solutions to process design to create efficiencies and enhance controls.
- 5 years of experience in bank debt LSTA/LMA par and distressed trade settlement
