Leveraged Finance Associate

Overview

6 month contract. Day rate from £300 via Umbrella Company dependant on experience.

My client is one of the largest financial institutions headquartered in Japan, with an established presence across all consumer and corporate banking businesses. Through its subsidiaries and affiliates, they offer a diverse range of financial services, including commercial banking, leasing, securities, credit card, consumer finance and other services.

They are looking for a Leveraged Finance and JV Administrator to join the Specialised Product Department / Planning and Internal Control Group team on an initial 6 month contract, with the strong possibility of extension. You will be working Monday to Friday, standard office hours with the occasional out of hours requirement in line with business needs. The role is hybrid working being in the office 2-3 days a week with the remainder of time working from home.

In order to succeed in this role, you will have strong experience with Underlying Credit Agreements, Middle Office operations and facilitating payments.

Purpose of Job

This role resides in (SPD) Specialised Products Department, mainly working on the Leveraged Finance and Net Value Asset (NAV) joint venture programmes the organisation has with external Private Equity Funds (our Partners). These Joint Venture Company’s (JVCO’s) are of a high strategic importance to the organisation and SPD. Such programmes are a key growth area both for SPD and the organisation. The role is part of the team proactively administering these JVCo’s which involves:

• Approve reporting received for each JVCo. This involves reconciling information in the organisations systems such as Loan IQ, OBS and Themis and contractual documentation to ensure calculations are in line with contractual terms.
• Proactively support Front Office during the closing and funding of assets as well as the transfer from the organisation to the JVCo of such loans.
• Manage stakeholders including the organisations Leveraged Finance Deal Origination teams, Joint Venture Partners, Operations, Head Office and cross department collaborations.
• Administer certain tracking and reporting aspects associated with the Securitisation business portfolio i.e., tracking of internal credit monitoring requirements, compliance certificates, reconciliations.

Accountabilities & Responsibilities

• Providing full governance of Loans earmarked for JV transfer all the way to the Loan transferring to SPV company.
• Loan servicing of JV Loans/Bonds via internal booking Master sheet for JVCo Programme’s and the monitoring of Banks booking systems such a Loan IQ, Themis and OBS ensuring credit terms are aligned.
• Draft, update and approve JV terms sheets ensuring key details mirror the Underlying Loan Facility Agreement.
• Liaising with JVCo board/Investment committee secretary of upcoming deals to be presented for Sale to SPV.
• Review and approve accruals, covenants, margin changes and payments both day one funding and drawdown requests with Co Investment partners.
• Working closely with JV partners ensuring external service provider reports are generated in line with securitisation regime requirements and subsequent reporting is delivered to SPD management and Head Office departments.
• Support the leveraged finance Front Office teams to analyse and execute new leveraged finance transaction opportunities ensuring economics are adhered to per each JV funds Master Participation Agreement.
• Performing periodic reviews and Credit Monitoring, preparing parts of Credit Application, and assisting execution of new transactions.
• Support credit administration for Securitisation business transactions.
• Prepare and submit periodic Facility Grading analysis for the JVCo’s and assisting with GBR credit application submission.
• Preparation of Securitisation Reporting, working closely with external JV partners for submission to PRA/FCA.
• Assist producing data / reports for regulatory requests, internal audit, external audit, and others.
• Collaborate with other departments and others whenever needed.

In addition to the above responsibilities, the staff member will assist in essential functions of Planning & Internal Control Group where the Group Head or Management deem necessary.

Knowledge, Skills, Experience & Qualifications

• High attention to detail and accuracy.
• Ability to audit own work.
• Proven analytical skills set.
• Experience as the middle office worker in Banking business.
• Basic knowledge in Banking business including LBO, Real Estate Finance, Subscription Secured Finance, Securitisation businesses and Net Asset Value Finance (preferred but not essential).
• Intermediate skill in Microsoft Excel, Word, and PowerPoint.
• Awareness and understanding of European financial market and business.
• Ability to work and deliver under pressure and versus short deadlines.
• Good communication and inter-personal skills to interact with members inside and outside of SPD.
• Well organised, self-motivated team player with strong interpersonal skills.
• Strong organisational skills with the ability to prioritise and use initiative throughout the day.
• Demonstrates a proactive attitude and takes the initiative to provide high quality levels of service to both the organisations internal and external customers.
• Ability to contribute to continuous development of processes whilst revising procedure documentation.
• Promote a control culture to ensure the section accurately captures all transactions and processes.
• Knowledge of loan and trade documentation, including the working mechanics of the credit approval process.

Candidates must show evidence of the above in their CV to be considered.