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Par Loan Closer - Analyst

Hiring Company Industry: Staffing & Recruiting
Number of Employees: 1,000 - 10,000 Employees
Total Compensation: $50K - $70K
     - Base Salary: $50K - $70K
Location: Manhattan, NY
Position Filled
JOB DESCRIPTION

Par Loan Closer - Analyst
Location:Manhattan, NY
Salary:$50,000-$70,000
Experience:2.0 year(s)
Job Type:Full-Time
Job ID:J117514
About the Opportunity

An investment banking firm is looking to add an experienced Par Loan Closer - Analyst to their team of professionals. The Analyst is responsible for managing the settlement of par loan trades in the secondary market and assisting management in critical analysis of processes to strive for improved efficiency.



Company Description

Investment Banking Firm



Job Description

The Par Loan Closer - Analyst is responsible for:

    • Working with 13 colleagues on the Par Loan Closing team

    • Reviewing Credit Agreements for Assignment provisions, Transfer Certificates, Sub Participation provisions and notice and consent requirements

    • Managing a portfolio of open secondary par bank debt trades from trade date to settlement

    • Dealing with credit events as and when they occur

    • Managing outside counsel to minimize legal expenses

    • Taking an aggressive approach to the settlement of trades

    • Assisting in the preparation of trade confirmations and closing documents for secondary loan transactions when necessary

    • Coordinating closings with counterparties and external agents

    • Tracking and maintaining loan inventory positions

    • Acting as a liaison with trading desk and sales force to close trades and ensuring minimization




Required Skills


    • 1+ years of experience with Par Loan closing/settlements

    • Thorough knowledge of LSTA trading standards

    • Strong attention to detail

    • Able to multitask efficiently

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