At a Glance
- Tasks: Join a dynamic team managing loan trades and ensuring smooth operations.
- Company: Be part of Deloitte Operations, a leader in investment banking solutions.
- Benefits: Enjoy a full-time role in central London with a supportive work environment.
- Why this job: Gain hands-on experience in finance while working with top industry professionals.
- Qualifications: Previous experience in bank loans and strong organisational skills are essential.
- Other info: This is a contract role for 6 months, requiring a work permit.
The predicted salary is between 36000 - 60000 Β£ per year.
Contract Role: Loan Closing Operations Specialist
Contract Start: ASAP
Contract Duration: 6 months (PAYE inside IR35)
Contract Location: Central London - onsite
Full time, Monday to Friday, 08:30 β 18:30 hrs
This is an exciting opportunity to join Deloitte Operations for an engagement with one of our premiere Investment Banking clients.
Overall purpose of the role: The Credit Loans Middle Office Team supports various business teams with the origination, syndication, and secondary market trading of performing and non-performing loans. While loans are the primary product supported, the business continues to expand into other areas such as structured products and private equities. Credit Loans Middle Office works in partnership with various business teams to ensure efficient pre-trade due diligence, execution, and settlement (the βclosingβ role) of both primary and secondary loans. The team is responsible for helping to maintain the integrity and accuracy of the risk positions taken by the firm and resolving any trade settlement issues that may arise.
Key Accountabilities:
- Monitoring trading systems for new trades and confirming trades with outside clients.
- Drafting, reviewing & negotiating transfer documents (including trade confirms & transfer certificates).
- Liaising with Legal, Compliance, Credit, Trading Desks, Agency and Servicing teams to ensure necessary approvals are obtained, pricing/cashflows are agreed, reconciled, and settled within our system.
Essential Skills/Basic Qualifications:
- Knowledge and previous experience of Bank Loans Closing, Servicing or Agency activity.
- Experience of navigating Loan Credit Agreement.
- Ability to work well under pressure and meet strict deadlines.
- Ability to learn quickly in a fast-moving environment.
- Strong attention to detail and the ability to keep track of a large workload.
- Strong control mindset, to enhance the existing infrastructure to support increases in business.
- Team-oriented approach β ability to work across functions outside of Operations.
- Highly motivated, energetic, and enthusiastic.
- Strong organisational skills and flexibility, with the ability to cope with rapidly changing priorities throughout the day.
- Professional approach and ability to communicate well directly with external parties such as borrowers, lenders, and other agents.
Please note that if you are NOT a passport holder of the country for the vacancy you might need a work permit.
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Loan Closing Operations Specialist employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Loan Closing Operations Specialist
β¨Tip Number 1
Familiarise yourself with the specific loan closing processes and documentation required in the investment banking sector. Understanding the nuances of loan credit agreements and transfer documents will give you an edge during interviews.
β¨Tip Number 2
Network with professionals already working in loan operations or related fields. Attend industry events or join online forums to connect with others who can provide insights or even refer you to opportunities at Deloitte.
β¨Tip Number 3
Demonstrate your ability to work under pressure by preparing examples from your past experiences where you successfully managed tight deadlines or complex workloads. This will showcase your suitability for the fast-paced environment of loan closing operations.
β¨Tip Number 4
Research Deloitte's culture and values, particularly their approach to teamwork and collaboration. Be ready to discuss how your own work style aligns with theirs, as this will help you stand out as a candidate who fits well within their team-oriented environment.
We think you need these skills to ace Loan Closing Operations Specialist
Some tips for your application π«‘
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of a Loan Closing Operations Specialist. Familiarise yourself with terms like 'Bank Loans Closing' and 'Loan Credit Agreement' to demonstrate your knowledge in your application.
Tailor Your CV: Customise your CV to highlight relevant experience in loan closing, servicing, or agency activities. Emphasise your ability to work under pressure and meet deadlines, as these are crucial for this role.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your enthusiasm for the position and your understanding of the industry. Mention specific skills that align with the job description, such as attention to detail and strong organisational skills.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is accurate and complete. A polished application reflects professionalism.
How to prepare for a job interview at TN United Kingdom
β¨Know Your Loan Products
Familiarise yourself with different types of loans, especially bank loans and structured products. Understanding the nuances of these products will help you answer questions confidently and demonstrate your expertise.
β¨Highlight Your Attention to Detail
Since the role requires strong attention to detail, prepare examples from your past experiences where your meticulousness made a difference. This could be in drafting documents or ensuring compliance with regulations.
β¨Demonstrate Teamwork Skills
The position involves liaising with various teams. Be ready to discuss how you've successfully collaborated with others in previous roles, showcasing your ability to work across functions.
β¨Prepare for Pressure Scenarios
Given the fast-paced nature of the job, think of instances where you've thrived under pressure. Share how you managed tight deadlines and maintained quality in your work.