Loan Closer

Loan Closer

Temporary 43200 - 72000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Join a dynamic team to manage loan closing processes and ensure smooth trade execution.
  • Company: Be part of a globally recognised investment bank with a high-performing Loan Capital Markets team.
  • Benefits: Enjoy hybrid working options and the potential for contract extension or permanent placement.
  • Why this job: Gain hands-on experience in a fast-paced environment, collaborating with traders and legal teams.
  • Qualifications: Strong background in loan closing or settlements, with attention to detail and proactive mindset required.
  • Other info: This role is ideal for those looking to transition closer to front office operations.

The predicted salary is between 43200 - 72000 £ per year.

Location: London (Hybrid)

Team: Loan Capital Markets

Type: Contract (view to extend or go permanent)

Overview:

Opportunity to join a high-performing Loan Capital Markets team within a globally recognised investment bank. This role sits within the secondary loan closing function, supporting the execution of both buy and sell commitments on syndicated deals. You’ll be embedded in a front office environment, working closely with traders, legal teams, agent banks and external counterparties to ensure smooth trade execution and accurate settlement.

Key Responsibilities:

  • Support secondary loan trading activity across Loan Capital Markets, working with traders who execute commitments via Bloomberg, phone, or email
  • Own the end-to-end loan closing process, ensuring legal documentation is executed correctly and on time
  • Review and prepare standard LMA documents including:
  • Trade Confirmations
  • Transfer Certificates
  • Pricing Letters (invoice)
  • Liaise with agent banks and counterparties to agree settlement timelines and monitor trade closure
  • Review credit approvals and ensure all conditions are fulfilled before final sign off (Credit Control support)
  • Prepare and quality check loan transfer documentation, escalate discrepancies where needed
  • Work with internal counsel and external legal contacts to resolve any blockers or document changes
  • Input bookings accurately into LOAN IQ and ensure internal data aligns with operational procedures
  • Provide support on the origination side of deals, helping structure commitments before the primary book closes
  • Ensure proper record keeping for regulatory reporting and internal controls
  • Experience Required:

    • Strong experience in loan closing or loan settlements – ideally from a Loan Capital Markets, agency, or trading environment
    • Solid understanding of LMA documentation, especially in the secondary loan market
    • Familiarity with trade flow, transfer mechanics, and working directly with agent banks
    • Experience preparing and reviewing confirmation documents, transfer certs, and pricing letters
    • Exposure to credit approvals, control processes, and coordinating with legal stakeholders
    • High attention to detail and ownership over trade execution
    • Confident liaising with Front Office, legal teams, and counterparties
    • Ability to manage high-volume workloads and navigate complex deal timelines

    Tools & Systems:

    • Loan IQ (preferred but not essential)
    • ClearPar (desirable)
    • Internal booking models for structured and syndicated loans

    What They’re Looking For:

    • Someone with the pace, ownership, and attention to detail expected in a front office-adjacent role
    • Proven experience in loan documentation and settlements (secondary market)
    • A proactive mindset and strong work ethic — this is not a passive back office role
    • Confident communicator who can push back on inaccuracies and maintain trade control
    • Ideally someone who has worked in a market-leading team or with exposure to front office activity

    Team Insight & Benchmark Profiles:

    • This role replaces a previous contractor who lacked urgency and attention to detail — the standard here is high
    • Previous successful candidates include those with operational loan backgrounds who have moved closer to front office
    • Benchmarks include Tony Cheng (converted to perm) and Joe Owens (FO-aligned approach)

    Pontoon Solutions is an employment consultancy. We put expertise, energy, and enthusiasm into improving everyone’s chance of being part of the workplace. We respect and appreciate people of all ethnicities, generations, religious beliefs, sexual orientations, gender identities, and more. We do this by showcasing their talents, skills, and unique experience in an inclusive environment that helps them thrive.

    Loan Closer employer: Pontoon Solutions

    Join a dynamic and inclusive team at a globally recognised investment bank in London, where you will play a crucial role in the fast-paced Loan Capital Markets sector. With a strong focus on employee growth and development, we offer a hybrid work environment that fosters collaboration and innovation, ensuring you have the support and resources needed to excel in your career. Our commitment to diversity and inclusion creates a vibrant workplace culture, making this an excellent opportunity for those seeking meaningful and rewarding employment.
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    Contact Detail:

    Pontoon Solutions Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Loan Closer

    ✨Tip Number 1

    Familiarise yourself with the Loan Market Association (LMA) documentation. Understanding these documents inside out will not only boost your confidence but also demonstrate your expertise during discussions with potential employers.

    ✨Tip Number 2

    Network with professionals in the Loan Capital Markets sector. Attend industry events or join relevant online forums to connect with people who can provide insights and potentially refer you to opportunities at firms like us.

    ✨Tip Number 3

    Stay updated on market trends and news related to loan trading and settlements. Being knowledgeable about current events will help you engage in meaningful conversations during interviews and show your passion for the field.

    ✨Tip Number 4

    Practice your communication skills, especially in a front office context. Being able to confidently liaise with traders, legal teams, and counterparties is crucial, so consider role-playing scenarios to enhance your assertiveness and clarity.

    We think you need these skills to ace Loan Closer

    Loan Closing Expertise
    Understanding of LMA Documentation
    Trade Flow Familiarity
    Experience with Transfer Mechanics
    Preparation and Review of Confirmation Documents
    Knowledge of Credit Approvals and Control Processes
    Attention to Detail
    Strong Communication Skills
    Ability to Manage High-Volume Workloads
    Proactive Mindset
    Experience with Loan IQ
    Familiarity with ClearPar
    Record Keeping for Regulatory Reporting
    Collaboration with Legal Stakeholders
    Ownership of Trade Execution

    Some tips for your application 🫡

    Understand the Role: Before applying, make sure you fully understand the responsibilities of a Loan Closer in the secondary loan market. Familiarise yourself with key terms and processes mentioned in the job description, such as LMA documentation and trade execution.

    Tailor Your CV: Highlight your relevant experience in loan closing or settlements, especially in a Loan Capital Markets environment. Be specific about your familiarity with LMA documents and any tools like Loan IQ or ClearPar that you've used.

    Craft a Strong Cover Letter: Use your cover letter to demonstrate your proactive mindset and attention to detail. Mention specific examples from your past roles that showcase your ability to manage high-volume workloads and liaise confidently with various stakeholders.

    Proofread Your Application: Ensure that your application is free from errors and clearly communicates your qualifications. Given the high standards expected for this role, attention to detail in your written application is crucial.

    How to prepare for a job interview at Pontoon Solutions

    ✨Know Your LMA Documentation

    Make sure you have a solid understanding of LMA documentation, especially in the context of the secondary loan market. Be prepared to discuss specific documents like trade confirmations and transfer certificates, as this will demonstrate your expertise and readiness for the role.

    ✨Showcase Your Attention to Detail

    Since this role requires high attention to detail, be ready to provide examples from your past experiences where your meticulousness made a difference. Highlight situations where you caught discrepancies or ensured accurate documentation, as this will resonate well with the interviewers.

    ✨Demonstrate Your Proactive Mindset

    This isn't a passive back office role, so show that you have a proactive approach. Discuss instances where you took the initiative to resolve issues or streamline processes, particularly in high-pressure environments. This will illustrate your fit for the fast-paced nature of the job.

    ✨Communicate Confidently

    As you'll be liaising with various stakeholders, including traders and legal teams, practice clear and confident communication. Prepare to discuss how you've effectively communicated in previous roles, especially when pushing back on inaccuracies or managing complex timelines.

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