Loan Settlement Specialist
4 weeks ago
Virtual is seeking a skilled Loan Settlement Specialist to oversee Trade Settlement client relationships. The ideal candidate will provide excellent customer service and loan settlement services to our growing client base while adhering to strict deadlines and targets given.
Key Responsibilities:
- Oversee client portfolio(s)/Agency trades in our loan Trade Closing outsourcing services
- Proactively manage and effectively communicate with internal and external clients
- Manage counterparty's expectations to receive and review primary/secondary par and distressed trade documentation
- Coordinate trade closings among clients, counterparties, and agents – may include coordination with legal counsel for distressed and/or participations
- Review trade documents, including trade confirm, assignment agreements, and funding memos for discrepancies prior to settlement including using third-party systems
- Manage outstanding trades and maintain comments per client expectation
- Deliver closing packets to custodians and clients before the stated deadlines
Requirements:
- Excellent attention to detail
- Strong work ethic
- Takes initiative and ownership of job responsibilities
- Must be able to perform job duties accurately and timely
- Must adhere to deadlines and targets given
- Strong customer service skills
Education and Experience:
- Knowledge of par and distressed loans and the documentation
- Knowledge of trade fee calculations
- Ability to read and interpret credit agreements
- Experience with daily loan transactions
- Exposure to ClearPar/VTS/Markit WSO systems a plus
Preferred Qualifications:
yrs. of syndicated bank loan settlement / management experience preferable
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