What are the responsibilities and job description for the Loan Settlement Assoicate position at Mission Staffing?
Our client, a top credit fund in New York, NY, is seeking a Loan Settlement Associate to join their growing private credit team. This individual will play a crucial role in settling and closing LSTA loans. Candidates must have significant experience using the ClearPar Settlement Platform and a strong understanding of paydowns and rollovers. The ideal candidate will have 2 years of loan servicing experience from a bank or investment management firm.
Responsibilities:
- Manage the closing of Par and Distressed LSTA loan trades.
- Work closely with counterparts and agents to ensure timely settlement of trades and resolve any issues that arise during the process to prevent delays.
- Coordinate with traders on high-priority transactions and handle ad hoc inquiries.
- Collaborate with various teams within the Investment Operations group to ensure smooth operations.
- Work directly with business teams to address queries and provide first-level support.
- Partner with the KYC team to ensure continuous progress on unsettled trades.
Requirements:
- 2 years of experience in private bank debt operations.
- Proficiency in the ClearPar Settlement Platform.
- Strong analytical skills and attention to detail.
Salary : $45 - $50
