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- Tasks: Join a dynamic team managing loan trades and ensuring smooth operations.
- Company: Be part of Deloitte Operations, a leader in investment banking support.
- Benefits: Enjoy a full-time contract with potential for growth and valuable experience.
- Why this job: Gain hands-on experience in finance while working in a fast-paced, collaborative environment.
- Qualifications: Previous experience in bank loans closing and strong attention to detail required.
- Other info: This is a 6-month contract role based in central London.
The predicted salary is between 36000 - 60000 £ per year.
Contract role: Loan Closing Operations Specialist
Contract Start: ASAP
Contract Duration: 6 months, with potential extension (inside IR35)
Contract location: Central London – onsite Full time, Monday to Friday, 08:30 – 18:30 hrs
This is an exciting opportunity to join Deloitte Operations for an engagement with one of our premier 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 ‘closing’ 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, and negotiating transfer documents (including trade confirms and transfer certificates).
- Liaising with Legal, Compliance, Credit, Trading Desks, Agency, and Servicing teams to ensure necessary approvals are obtained, pricing and 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 navigating Loan Credit Agreements.
- 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 manage a large workload.
- Strong control mindset to support infrastructure improvements for business growth.
- Team-oriented approach with the ability to work across functions outside of Operations.
- Highly motivated, energetic, and enthusiastic.
- Strong organizational skills and flexibility to adapt to changing priorities.
- Professional approach with good communication skills, including liaising with external parties such as borrowers, lenders, and agents.
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Loan Closing Operations Specialist employer: Deloitte - Recruitment
Contact Detail:
Deloitte - Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Loan Closing Operations Specialist
✨Tip Number 1
Familiarise yourself with the specific processes and terminology used in loan closing operations. Understanding terms like 'Loan Credit Agreement' and 'trade confirms' will help you communicate effectively during interviews.
✨Tip Number 2
Network with professionals in the investment banking sector, especially those who work in loan closing or middle office roles. Attend industry events or join relevant online forums to make connections that could lead to job opportunities.
✨Tip Number 3
Prepare for potential interview questions by practising scenarios related to trade settlement issues and how you would resolve them. This will demonstrate your problem-solving skills and your ability to work under pressure.
✨Tip Number 4
Showcase your organisational skills by discussing past experiences where you managed multiple tasks or projects simultaneously. Highlighting your ability to prioritise and adapt to changing circumstances will resonate well with hiring managers.
We think you need these skills to ace Loan Closing Operations Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in loan closing operations, bank loans, and any related skills. Use keywords from the job description to demonstrate that you meet the essential qualifications.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the key accountabilities mentioned in the job description. Explain how your previous experiences align with the responsibilities of the Loan Closing Operations Specialist role.
Showcase Your Skills: In your application, emphasise your ability to work under pressure, attention to detail, and organisational skills. Provide examples of how you've successfully managed large workloads or met strict deadlines in past roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects professionalism and attention to detail, which is crucial for this role.
How to prepare for a job interview at Deloitte - Recruitment
✨Know Your Loan Closing Processes
Make sure you have a solid understanding of the loan closing processes, including the drafting and negotiation of transfer documents. Be prepared to discuss your previous experiences in this area and how they relate to the role.
✨Demonstrate Attention to Detail
Given the importance of accuracy in this role, be ready to showcase examples where your attention to detail made a significant impact. This could involve discussing how you managed complex workloads or resolved discrepancies in past positions.
✨Showcase Your Teamwork Skills
The role requires collaboration with various teams, so highlight your ability to work well with others. Share specific instances where you successfully collaborated across functions to achieve a common goal.
✨Prepare for Pressure Situations
Since the job involves working under pressure and meeting strict deadlines, think of examples from your past where you thrived in similar situations. Discuss how you prioritised tasks and maintained quality under tight timelines.
