UnitedLex is committed to providing innovative solutions in the legal and business services sectors, fostering a culture of collaboration and excellence.
About the Role
The role needs to Coordinate trade settlements in the Syndicated Loan Market, liaise with counterparties and administrative agents on new issue trades and par trades. Manage both settled balances and cash balances to schedule trade closings with counterparties.
Responsibilities
Coordinate trade settlements in the Syndicated Loan Market: liaise with counterparties and administrative agents on primary, par and distressed secondary trades.
Handle settlement of new issue & par loan trades.
Handle complex trades/activities like revolver, LC, Paydowns, Drawdowns, Rollovers, Amendments, Corporate Actions, and Repricing transactions.
Draft loan trade settlement documentation – Trade confirmations, Transfer Documents, Funding Memo when not settling via electronic settlement platform.
Manage amendments, non-pro-rata paydown, and other corporate action events.
Closely monitoring any PnL breaks generated during trade settlement.
Troubleshoot, timely escalate, and solve problems that arise from trade discrepancies.
Reviewing Audit confirmation requests from various counterparties.
Seek to improve operations procedures and controls within the group. Identify & timely action to mitigate risk.
Attention to detail/ high level of accuracy and 100% compliance to client SLA’s.
Perform other projects as needed.
Qualifications
5 to 8 years of relevant experience.
Positive understanding of Loan and other financial products (Fixed Income, Derivatives, Bonds).
Knowledge of LSTA/LMA Guidelines will be an advantage.
Understanding of different Loan facilities: Term Loan, Revolver, Delayed Draw, LC is advantageous.
Candidate should have knowledge of Trade life cycle & roles of Front, Middle and Back Office.
Prior working experience on ClearPar, Loan IQ.
Excellent written & verbal communication skills.
Attent
📌 Principal Loan Closer (Bengaluru)
🏢 UnitedLex
📍 Bengaluru
Reply to this offer
Impress this employer describing Your skills and abilities, fill out the form below and leave Your personal touch in the presentation letter.