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Position: Associate Fixed Income Loan Closer
Job Number: MS03718
Location: NY - New York City
Date Posted: 2017-06-23
Salary Range: $81-100k
Job Summary:

Leading Investment Bank seeking an Associate Fixed Income Loan Closer to join their growing team! 

Company Information:

Name: Leading Investment Bank

Job Description:

  • Coordinating trade settlements in the Syndicated Loan Market
  • Interacting with counterparties, traders, banks and administrative agents to close par loan trades
  • Having daily interaction with asset managers, analysts and traders to facilitate communication and accurately reflect loan positions and open trades
  • Managing both settled balances and cash balances to schedule trade closings with counterparties
  • Performing daily, weekly and ad-hoc reporting for upper management
  • Maintaining a dialogue with peers in other lead banks and institutional investors
  • Executing mandates and managing the sell-down process
  • Troubleshooting, escalating and solving problems that arise from trade discrepancies
    • Managing amendments, non-pro-rata paydowns,PIK events and restructurings:  soliciting votes where appropriate, communicating issues with counterparties, preparing spreadsheets with paydown and delayed compensation calculations
    • Performing other projects as needed
  • Performing key administrative duties in the settlement process including:  onboarding new clients through appropriate KYC channels, reconciling trade blotters, preparing audit confirms
  • Monitoring and following up on aged trades and unsigned documents

Requirements / Qualifications:

  • Strong verbal and written communication skills
  • Detail oriented, Team orientation, multi-task completion, accountability
  • Bachelor’s Degree
  • 2-5 years of relevant experience
  • Proficient in Microsoft Excel, VBA(Desired not required), PowerPoint and Word

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