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Bank Debt Operations - Loan Closer
Rockwood Search New York, NY
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$42k-53k (estimate)
Full Time 1 Day Ago
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Rockwood Search is Hiring a Bank Debt Operations - Loan Closer Near New York, NY

Growing Hedge fund seeks a strong middle office candidate with Bank Debt experience. Responsibilities include:

· Preparing and reviewing LSTA/LMA loan documents

· Engaging closely with outside counsel to negotiate and draft documentation and track upstreams.

· Managing trade lifecycle in ClearPar and prioritize settlements where needed.

· Monitoring and processing all bank debt lifecycle events including but not limited to interest, fees, principal and restructures.

· Calculating lender of record interest, delayed compensation, and cost of carry.

· Actively reconciling cash and position balances and resolve breaks promptly.

· Proactively engaging with internal groups such as trading desk, cash management, KYC, tax and others to facilitate trade booking and settlement.

· Working closely with external provider to ensure timely processing of all bank debt transactions and escalate issues where necessary.

· Coordinating amendment votes on pending trades and assist traders for submission on lender positions if needed.

· Establishing and maintaining strong working relationships with counterparties, agents, and external service providers.

· Reviewing credit agreements, amendments and agent notices.

Candidates must have strong experience in bank debt LSTA/LMA par and distressed trade settlement; Familiarity with loan based software, ClearPar, WSOWeb, data sites; Strong understanding of LSTA/LMA terms and conditions and Experience in delivering meaningful solutions to process design to create efficiencies and enhance controls.

Qualified candidates should send resumes to ws@rockwood-search.com . Please put your Name and “ Loan Closer” in the subject line and attach your resume in word or PDF document form. Also include contact information, salary requirements and any applicable information in the body of the email.

Job Summary

JOB TYPE

Full Time

SALARY

$42k-53k (estimate)

POST DATE

06/28/2024

EXPIRATION DATE

07/11/2024

WEBSITE

rockwood-search.com

HEADQUARTERS

MANHATTAN, NY

SIZE

25 - 50

FOUNDED

2008

CEO

FREDERICK COOK

REVENUE

<$5M

INDUSTRY

Business Services

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