At a Glance
- Tasks: Manage syndicated loans, ensuring smooth transactions and client support.
- Company: Join ING Investment Banking, a leader in financial services with a global reach.
- Benefits: Enjoy a full-time role with opportunities for growth and development.
- Other info: Ideal for self-starters eager to innovate and challenge the status quo.
- Why this job: Be part of a dynamic team focused on client satisfaction and continuous improvement.
- Qualifications: 3+ years in Loans Agency, strong communication skills, and LoanIQ experience required.
The predicted salary is between 36000 - 60000 £ per year.
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Join to apply for the Loans Agency Specialist (Associate) role at ING Investment Banking
Overview
A facility agent acts as the primary point of contact between the transaction parties to a syndicated loan. Appointed in the credit agreement, the agent acts as a neutral intermediary between the borrower and the lenders and performs the administrative tasks of the loan. This includes handling cash flow and providing on-going transaction support during the lifecycle of deal. In the event that discretionary action is required, the role of the agent is non-fiduciary which means the agent must follow the action of the majority lenders.
Overview
A facility agent acts as the primary point of contact between the transaction parties to a syndicated loan. Appointed in the credit agreement, the agent acts as a neutral intermediary between the borrower and the lenders and performs the administrative tasks of the loan. This includes handling cash flow and providing on-going transaction support during the lifecycle of deal. In the event that discretionary action is required, the role of the agent is non-fiduciary which means the agent must follow the action of the majority lenders.
In their role as facility and /or security agent, the London agency team are part of the wider EMEA agency platform and support a wide range of deals originating from various industry sectors including but not exclusive to; Corporates, Financial Institutions (predominantly Insurance and Investment Funds), Shipping, Infrastructure, Real Estate and Acquisition Finance. In coordination with the Offshore teams the agency function is responsible for delivering a control conscious and client focused service.
Main Duties And Responsibilities Of The Role
Working autonomously, you will become part of a team dedicated to maximising their potential and providing outstanding client service. In a market where speed and flexibility are key, continuous improvement and being responsive to the needs of our clients is a must.
Deal Closing
- Proactively manage the deal closing process including funds flow. Depending on the transaction, this role may include fronting and primary syndication.
- Undertake review of the facility documentation to ensure compliance with ING policy and the latest LMA/LSTA wording. All points raised must be negotiated to a successful outcome with the originating team and legal counsel.
- Identify and collate the information required to on-board a new deal within the necessary timelines whilst ensuring that the documentation is accurately reported in Loan IQ.
- Consult with legal counsel to ensure that relevant CPs are fulfilled.
- Ability to co-ordinate with multiple internal and external stakeholders to manage processes such as amendments, waivers, and consents.
- Main point of contact for deal queries and issue escalations, ensuring that all matters are resolved in a timely and efficient manner.
- Proactively attend meeting/calls with the business and external parties to understand the responsibilities of the agent or provide agency input on meeting subject matter.
- Arrange syndicate calls and facilitate meetings where necessary.
- Utilising the resources available, actively investigate and take ownership of ad hoc queries / issues to a successful resolution.
- Timely investigation and reconciliation of nostro breaks to effectively manage risk.
In-life management activities sit with our offshore teams. However, oversight is expected:
- Oversee day to day operational activities (drawdowns, rollovers, repayments, fees, margin adjustments, covenants, secondary transfers, ancillaries, SBLCs, Withholding Tax, etc)
- Support our offshore teams to ensure that a high quality, client focused, and control conscious product is delivered.
Experience/Knowledge
Essential
- Minimum 3 years Loans Agency experience in a comparable role
- Proven ability to read and interpret credit agreements.
- LoanIQ skills.
- Exposure to Structured Finance (i.e., Real Estate Finance, Acquisition Finance, Shipping and Infrastructure Finance).
- DebtDomain skills.
- Knowledge of ClearPar.
- Security Agent experience.
Essential
- Excellent oral and written communication skills.
- Planning and organisation skills to complement attention to detail.
- Result orientated with the ability to work under pressure and adapt quickly in fast paced environments or when there are challenging deadlines to meet.
- Analytical and problem-solving skills combined with the ability to provide quick resolution to problems.
- A self-starter, comfortable working alone and as part of a team.
- Initiative-taking and has the ambition to take it on and make it happen.
- The successful candidate must, by the time of their application to ING, have the right to work in the UK.
- Someone who is keen to challenge the status quo and is interested in continuous improvement and innovation.
In order to operate ING’s recruitment process, we will collect and store personal data you provide. Please request the privacy statement should you wish to understand how ING UK uses and protects this information and visit our website for more information.
Seniority level
Seniority level
Mid-Senior level
Employment type
Employment type
Full-time
Job function
Job function
Finance and SalesIndustries
Investment Banking
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#J-18808-LjbffrLoans Agency Specialist (Associate) in London employer: ING Investment Banking
ING Investment Banking is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and client service are at the forefront. Employees benefit from a culture that promotes continuous improvement, professional growth opportunities, and a collaborative atmosphere, making it an ideal place for those looking to advance their careers in finance. With a focus on employee well-being and a commitment to excellence, ING provides a rewarding experience for its team members.
StudySmarter Expert Advice🤫
We think this is how you could land Loans Agency Specialist (Associate) in London
✨Tap into Campus Networks
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We think you need these skills to ace Loans Agency Specialist (Associate) in London
Some tips for your application 🫡
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How to prepare for a job interview at ING Investment Banking
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with ING Investment Banking.
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✨Show Your Passion for Finance
Since this is a full-time position, employers at ING Investment Banking will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former ING Investment Banking employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
