Bank Debt Closer

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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

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