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For Companies At a Glance
- Tasks: Support loan and bond transactions, ensuring smooth settlements and client relationships.
- Company: Join Kroll, a global leader in risk and financial advisory with nearly a century of expertise.
- Benefits: Enjoy a collaborative environment, career growth opportunities, and a commitment to diversity.
- Why this job: Be part of a dynamic team that values innovation and client success in the finance sector.
- Qualifications: Experience in Loan Administration/Operations and strong Excel skills are essential.
- Other info: This role offers exposure to senior management and diverse financial markets.
The predicted salary is between 36000 - 60000 ÂŁ per year.
Job Specification – Operations Senior Analyst
Definitions
- KATS – Kroll Agency and Trustee Services Ltd
- LIQ – LoanIQ (Kroll’s current system of record)
- Connexis – BNP Paribas’ electronic banking platform
Senior Position Where You Will Be Heavily Involved In The Day To Day Running Of KATS Operations Team And All Its Functions To Include (for Loan And Non‑loan Transactions).
New deal set-up
- Recording loan / facility details in LIQ
- Performing call backs to verify Lender and Borrower admin forms and entering them in LIQ
- Entering loan party information in LIQ
- Entering lender and borrower SSIs into Connexis
- Recording new transactions in Kroll’s diary system
- Entering lender details in Debt Domain platform
Managing Initial Drawdown Of Loan Facilities
- Checking utilisation requests from borrowers
- Issuing demand notices to lenders for initial drawdown*
- Notifying BNP Paribas of upcoming drawdown
- Monitoring receipt of lender funds to Kroll client accounts
- Confirming release of funds with lenders (obtaining swift messages)
- Following up with BNP Paribas to trace missing lender funds and following up with the lenders where required
- Creating a payment file(s) for the borrower payment (plus any other remittances required under the funds flow) in Connexis for release of funds by the relationship management team
- Notifying relationship management team that funds have been received, remittances have been created and are ready to be released
- Reconciling Kroll client accounts upon release of payments
- Rate fixing of loan on drawdown in accordance with agreements
- Updating LIQ with new interest period and interest rate
- Compiling and sending rate-fixing notices to lenders
- Diarising next rollover / interest payment date in KATS diary system
Managing Loan Rollovers And Other Scheduled Deal Activity
- Monitoring KATS diary system to ensure upcoming rollovers / scheduled deal activity is actioned
- Calculating amounts of interest and principal due to the lenders
- Calculating fees due to the lenders
- Compiling and sending demand notices to the borrower requesting payment of scheduled interest, fees and principal due under the agreement
- Creating payment files for payment of interest, fees and principal due to the lenders
- Rate fixing for new interest period (in conjunction with the borrower)
- Compiling and sending new rate fix notices to lenders and borrowers
- Notify BNP Paribas of upcoming rollover activity on the account
- Monitoring receipt of interest, fees and principal payments to Kroll’s client accounts
- Advising relationship management team of receipt of borrower payments to Kroll’s client accounts
- Diarising for next rollover / interest payment dates
- If borrower funds not received, following up with borrower and advise relationship management team
- Reconciling Kroll’s client accounts upon release of payments
Managing Ad‑hoc / Unscheduled Payments Of Principal
- Receiving and processing borrower notices of repayment / prepayment
- Calculating lender pro rata share of principal, accrued interest, breakage costs and fees and issuing notices to demand the same from the borrower
- Issuing lender notices to confirm upcoming repayment / prepayment
- Creating payment files in Connexis for each lender share of repayment / prepayment
- Advising BNP Paribas of upcoming account activity
- Monitoring receipt of funds to Kroll’s client accounts
- Notifying relationship management team of receipt of funds into Kroll’s client accounts
- If borrower funds not received, following up with borrower and advise relationship management team
- Updating LIQ with details of repayment and prepayment and issuing lender / borrower notices accordingly
- Reconciling Kroll’s client accounts upon release of payments
Other ad‑hoc tasks and duties
- Taking responsibility for the administration of non‑loan transactions as and when the need arises
- Tax reporting as and when required under a transaction
- Writing and monitoring procedures
- Building, mentoring and managing operations team as it grows
- Taking responsibility for operations’ team risk monitoring and implementing controls
- Monitoring and responding to Borrower, Lender, Counsel and Sponsor queries
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Associate, Agency and Trustee Services employer: Kroll
Contact Detail:
Kroll Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate, Agency and Trustee Services
✨Tip Number 1
Familiarise yourself with the loan trading process and the specific roles of various stakeholders involved. Understanding the mechanics of trade closing and market settlement conventions like LMA/LSTA will give you an edge in discussions during interviews.
✨Tip Number 2
Network with professionals in the financial services sector, particularly those who have experience in loan administration or operations. Engaging with industry contacts can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Brush up on your Excel skills, as strong proficiency is essential for this role. Consider taking online courses or tutorials that focus on advanced Excel functions relevant to financial analysis and reporting.
✨Tip Number 4
Prepare to demonstrate your ability to work under pressure by sharing specific examples from your past experiences. Highlight situations where you successfully managed tight deadlines or resolved complex issues, as this will resonate well with the hiring team.
We think you need these skills to ace Associate, Agency and Trustee Services
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in loan administration and operations. Emphasise your familiarity with systems like LoanIQ and ClearPar, as well as your strong Excel skills.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role at Kroll and how your background aligns with their needs. Mention specific experiences that demonstrate your ability to manage client relationships and resolve issues effectively.
Showcase Communication Skills: Since strong written and verbal communication is crucial for this role, consider including examples in your application that illustrate your ability to communicate complex information clearly and effectively.
Highlight Teamwork and Initiative: Provide examples of how you've successfully worked within a team and taken initiative in previous roles. This will show Kroll that you can thrive in their collaborative environment.
How to prepare for a job interview at Kroll
✨Know Your Loan Mechanics
Make sure you understand the trade closing mechanics and market settlement conventions like LMA/LSTA. Being able to discuss these topics confidently will show your expertise and readiness for the role.
✨Demonstrate Client Relationship Skills
Prepare examples of how you've successfully managed client relationships in the past. Highlight your ability to resolve issues promptly and maintain smooth interactions, as this is crucial for the position.
✨Showcase Your Technical Skills
Be ready to discuss your experience with LoanIQ and Excel. You might be asked to demonstrate your proficiency, so brush up on your technical skills and be prepared to talk about how you've used them in previous roles.
✨Exhibit Strong Communication Abilities
Since the role involves significant interaction with various stakeholders, practice articulating your thoughts clearly and concisely. Prepare to answer questions about how you've communicated effectively in high-pressure situations.
