Sr Loan Closer - Gurugram, India - UnitedLex

Description

About Us:

UnitedLex (Erstwhile iRunway) is a data and professional services company delivering outcomes for high-performing law firms and corporate legal departments in the areas of digital litigation, intellectual property, contracts, compliance, and legal operations. Founded in 2006 with a mission to push the boundaries of legal innovation, we provide solutions that enable measurable performance improvement, risk mitigation, revenue gain, cost reduction, and digital business synergy.

Role Description:

The role needs to Coordinate trade settlements in the Syndicated Loan Market, liaise with counterparties and administrative agents on new issue trades and par trades. Manage both settled balances and cash balances to schedule trade closings with counterparties.

Experience and Job Skills requirements:

Domain

• Good knowledge of finance, trade life cycle, investment banking, and derivatives.
• Understanding the Syndicated Debt Market (LSTA and LMA) will be an advantage.
• Ability to understand and operate multiple Financial Trading platforms.
• Understanding of US and European banking industry.

Operations

• Coordinate trade settlements in the Syndicated Loan Market: liaise with counterparties and administrative agents on primary, par and distressed secondary trades.
• Handle settlement of new issue & par loan trades.
• Handle complex trades/activities like revolver, LC, Paydowns, Drawdowns, Rollovers, Amendments, Corporate Actions, and Repricing transactions.
• Draft loan trade settlement documentation – Trade confirmations, Transfer Documents, Funding Memo when not settling via electronic settlement platform.
• Manage amendments, non-pro-rata paydown, and other corporate action events.
• Closely monitoring any PnL breaks generated during trade settlement.
• Troubleshoot, timely escalate, and solve problems that arise from trade discrepancies.
• Reviewing Audit confirmation requests from various counterparties.
• Seek to improve operations procedures and controls within the group. Identify & timely action to mitigate risk.
• Attention to detail/ high level of accuracy and 100% compliance to client SLA's.
• Perform other projects as needed.

Experience and Qualification

• 2 to 4 years of relevant experience.
• Good understanding of Loan and other financial products (Fixed Income, Derivatives, Bonds).
• Knowledge of LSTA/LMA Guidelines will be an advantage.
• Understanding of different Loan facilities: Term Loan, Revolver, Delayed Draw, LC is advantageous.
• Candidate should have knowledge of Trade life cycle & roles of Front, Middle and Back Office.
• Prior working experience on ClearPar, Loan IQ.
• Excellent written & verbal communication skills.
• Attention to detail/ high level of accuracy and 100% compliance to client SLA's.
• Must be well organized & ability to multitask to complete all aspects of this role and to meet deadlines.

Work Conditions

9 hr. shift between 5:30pm to 3:30am Monday to Friday.

Adhere to UnitedLex and Client confidentiality and information security policies.

Work location: Gurugram, Haryana.

Work from office is mandate.

Depending on client and operational requirements the holiday calendar may be of the client location, UnitedLex India holiday list or a hybrid of the two.

UnitedLex is committed to preserving the confidentiality, integrity, and availability of all the physical and electronic information assets throughout the organization. Consistent with the UnitedLex ISMS policy and the ISO 27001 standard, every employee is responsible for complying with UnitedLex information security policies and reporting all security concerns, weaknesses, and breaches.