Key Responsibilities
- Manage end-to-end closing and settlement of BSL trades including par and distressed loans
- Coordinate with counterparties, agents, and custodians to ensure timely funding and settlement
- Track and manage trade commitments, assignment agreements, and closing checklists
- Liaise with legal counsel on credit agreements, amendment consents, and transfer documentation
- Ensure LSTA documentation is accurate and executed in line with trade economics
- Loan Operations
- Process and reconcile loan lifecycle events including paydowns, draws, rollovers, PIK, and rate resets
- Reconcile positions and cash between internal systems and agent/custodian records
- Monitor and resolve settlement fails, funding breaks, and position discrepancies
- Track unfunded commitments, revolvers, and delayed draw term loans
- Coordinate with the front office on trade economics, amendments, and restructures
- 3+ years of experience in loan operations, closing, or fund administration
- Direct experience with BSLs and familiarity with LSTA market conventions
- Proficiency in ClearPar
- Strong understanding of credit agreements, agent communication, and settlement workflows
- Highly organized with the ability to manage competing deadlines across multiple deals
- Experience at a fund, CLO manager, or prime broker preferred
Pay: $50/hr- $60/hr
