Loan Closer

3 weeks ago

New York, United States Stonex Group, Inc. Full time
Overview

Connecting clients to markets - and talent to opportunity

With 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we're a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets - focusing on innovation, human connection, and providing world-class products and services to all types of investors.

At StoneX, we offer you the opportunity to be part of an institutional-grade financial services network that connects companies, organizations, and investors to the global markets ecosystem. As a team member, you'll benefit from our unique blend of digital platforms, comprehensive clearing and execution services, personalized high-touch support, and deep industry expertise. Elevate your career with us and make a significant impact in the world of global finance.

Business Segment Overview

Corporate: Engage in a deep variety of business-critical activities that keep our company running efficiently. From strategic marketing and financial management to human resources and operational oversight, you'll have the opportunity to optimize processes and implement game-changing policies.

Responsibilities

Job Purpose and Responsibilities

Position Purpose: As part of the Leveraged Finance (Corporate Credit) Trading Team, you will maintain a portfolio of Par/Distressed LSTA loans, Post ReOrg/Private Equity, and Non Traditional Financial Assets (Bankruptcy Trade Claims/Insurance Liquidation Policy Claims/Litigation Trust Units/Tax Credits/etc) trades from Trade Date through to Settlement and in certain cases post Settlement.

Primary duties will include:
  • You will be preparing and reviewing LSTA Par/Distressed trade documents; Trade Confirms, Transfer Certificates, Participation/sub-Participation agreements, netting Agreements, Funding memos, Purchase and Sale Agreements, and Distressed Trade Claim documents.
  • You will be preparing and reviewing private equity/warrant trade documents; Trade Confirms, Transfer Certificates, ROFR/ROFO agreements, netting Agreements, Funding memos, Purchase and Sale Agreements, and Shareholder/LLC Joinder documents.
  • You will liaise with trade counterparties, agent banks, legal counsel (external and internal) as required to ensure all documents are ready for settlement.
  • You will assist in reviewing Credit/Shareholder Agreements to assess transferability requirements and restrictions. Liaise with Operations to instruct settlement of trades. Monitor trader positions to ensure trades and settled positions are always reconciled.
  • Identify and update senior Team members on potential issues with any loan settlements. Identifying solutions to potential settlement issues.
  • Preparing weekly status reports and hosting Weekly Open Trades Review Meeting with internal parties.
  • Work with AML/Compliance/KYC teams to ensure all internal checks are performed and documented prior to loan settlement.
  • Work closely with the Head Trader, the Head of Leveraged Finance, the Sales and Trading team, Legal and Operations.
Qualifications

Qualifications:

Required:
  • 5 year of experience in Par/Distressed leveraged loans (Corporate Credit) and trade closing.
  • Good written and verbal communication skills
Preferred:
  • Familiarity with Clearpar systems and SyndTrak
  • Commercial Awareness
Education and Certification Requirements:
  • Bachelor's degree or equivalent experience
  • Successful completion of Series 99 within 90 days of employment
Working Environment:
  • Full time onsite
  • Ability to work under pressure and within tight timelines
  • Sense of Humor

#LI-Hybrid #LI-EJ1

  • Loan Closer

    4 months ago

    New York, United States Carver Federal Savings Bank Full time

    Loan CloserDepartment: Loan Operations Department Reports: Loan Administration ManagerCOMPANY BACKGROUND: Carver Bancorp, Inc. (NASDAQ: CARV) is the holding company for Carver Federal Savings Bank (“Carver” or the “Bank”), a federally chartered financial institution with approximately $600 million in assets. The Bank was chartered in 1948 to address...

  • Junior Loan Closer

    2 weeks ago

    New York, United States Atria Consulting Full time

    We are looking for a proactive and detail-oriented UCC Compliance & Junior Loan Closer to join our dynamic team. This role is perfect for individuals who enjoy working in a fast-paced environment and have a passion for ensuring regulatory compliance and supporting loan closing processes. You will play a key role in managing UCC compliance while assisting in...

  • Posting Closer

    2 weeks ago

    New York, United States Stonex Group, Inc. Full time

    As part of the Leveraged Finance (Corporate Credit) Trading Team, you will maintain a portfolio of Par/ Distressed LSTA loans, Post Re. Org/ Private Equity, and Non Traditional Financial Assets (Bankruptcy Trade Claims/ Insurance Liquidation Policy C Loan Closer, Closer, Operations, Settlement, Trader, Business Services

  • Mortgage Closer

    1 month ago

    New York, New York, United States First Equity Funding Full time

    Mortgage Closer OpportunityWe are seeking a highly skilled Mortgage Closer to join our lending team at First Equity Funding. As a Mortgage Closer, you will be responsible for ensuring the smooth and efficient closing of residential mortgages.The ideal candidate will have a strong background in mortgage processing, funding, or closing, with excellent...

  • Bank Debt Loan Closer

    6 months ago

    New York, United States Rockwood Search Full time

    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...

  • Loan Closer Associate

    4 weeks ago

    New York, New York, United States Jefferies Full time

    Job SummaryAs a Loan Closer Associate at Jefferies, you will be responsible for managing the day-to-day activities of CLO warehouses, communicating trade flow between fund managers and TRS providers, and resolving discrepancies. You will also be responsible for entering and closing CLO warehouse trades in LIQ to track positions, interpreting warehouse legal...

  • Senior Loan Trade Closer

    1 month ago

    New Castle, Delaware, United States Citigroup Inc Full time

    Job SummaryCitigroup Inc. is seeking a skilled Senior Loan Trade Closer to join our team. As a key member of our Transaction Services group, you will be responsible for managing the loan documentation process, ensuring timely and accurate completion of loan transactions, and providing exceptional customer service to our clients.Key Responsibilities:Manage...

  • Loan Closer

    4 weeks ago

    New York, United States W3Global Inc Full time

    Job DescriptionJob DescriptionDescriptionOur Client has earned a reputation for serving the needs of our communities by emphasizing the importance of personal banking and by promoting local economic development. We employ a highly qualified and professional staff and offer a wide variety of products and services designed to meet the needs our customers and...

  • Bank Debt Operations

    2 weeks ago

    new york city, United States Rockwood Search Associates Full time

    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...

  • Head of Programme Management, Regulatory

    4 weeks ago

    New York, New York, United States Citigroup Full time

    The Institutional Credit Management (ICM) team at Citigroup plays a critical role in the bank's First Line of Defense for wholesale lending and counterparty credit risk.ICM partners with businesses across Citi to ensure the implementation of best-in-class risk and control capabilities.Through ongoing investment in processes, controls, systems, and...