Middle Office Loans Associate

4 weeks ago

New York, New York, United States Phaxis Full time

Phaxis is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, we service the needs of individuals, institutions, corporates, and governments through our three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management.

Department Overview:

The Loans Middle Office team is responsible for coordinating primary closing Loan transactions from start to end across various Business Groups. This role entails working closely with Investment Banking, Global Markets, Legal, Client Onboarding, and Treasury.

  • Coordinate Loan transactions from start to end, working closely with Investment Banking, Global Markets, Legal, Client Onboarding, and Treasury.
  • Review Credit Agreements for operational aspects and build/set up deals in Loan IQ.
  • Reconcile past due items and resolve past due items in a timely manner.
  • Investigate discrepancies/problems and efficiently resolve sensitive operational issues.
  • Coordinate with Client Onboarding for any KYC requirements for new clients.
  • Manage the full portfolio and Closing of PAR and Distressed LSTA loan trades in a dynamic environment.
  • Ability to manage the trade portfolio, across multiple business lines, following all trades from Trade Date to Settlement while maintaining a clean open trade aging profile and driving reduced settlement times.
  • Drafting of Loan Trade Closing documentation, including Trade Confirmations, Transfer Documents, Pricing Letters, when not closing via electronic platform.
  • Coordinating with Trader, sales, and Legal (internal and external) on proposed changes to Trade documents.
  • Working directly with clients, internal partners, and external Agents to resolve issues and ensure smooth closing of all trades.
  • Prepare and review settlement calculations, including delayed compensation, cost of carry, and benefit of commitment reductions.
  • Collaborate with Servicing Team in Mumbai and manage all aspects of bank debt operations, including lifecycle events processing, trade closings, cash and position reconciliation, and corporate actions.
  • Ability to work closely with business teams to resolve queries and provide first-level account service.

Requirements:

6-8 years of Bank Debt experience is required.

Primary Loan Closing and servicing experience (bilateral and agency) is necessary.

Strong interpersonal skills are required, as this role entails effectively communicating and prioritizing the resolution of time-sensitive issues with internal and external stakeholders.

High attention to detail is essential.

Ability to work in a fast-paced environment is required.

Experience with Loan IQ is preferred.

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