At a Glance
- Tasks: Join a dynamic team to manage bank loan closing services and ensure accurate trade settlements.
- Company: SS&C Technologies, a leading global financial services and healthcare tech company.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Other info: Collaborative culture with a focus on innovation and technology projects.
- Why this job: Be part of a growing department and make an impact in the financial services industry.
- Qualifications: Bachelor's degree in Finance and experience in bank loan servicing or closing.
The predicted salary is between 63000 - 77000 £ per year.
SS&C is a global provider of investment, financial services and software for the financial services and healthcare industries. The Bank Loan department is looking for a Loan Closer to join their team. It is a growing department that offers loans expertise and support to its varied client base.
Your Responsibilities:
- Work within a dedicated team to provide daily bank loan closing services, utilising both external third-party systems and SS&C tailored internal systems.
- Ensure all bank loan trades are successfully settled via the bank loan agent and settlement calculations are accurate and complete.
- Review and match client trade bookings against external third-party documentation facilitation platforms.
- Allocate to sub funds as necessary and review trade documentation such as trade confirmations, assignment agreements, participation agreements, netting agreements and pricing letters.
- Liaise with counterparties and agents or, as maybe necessary, the client to resolve any discrepancies or issues.
- Review settlement calculations for accuracy and completeness and submit executed documentation for settlement and funding/payment.
- Update internal systems with status and comments of unsettled trades.
- Prepare reports and liaise with client on unsettled trades status on a regular basis.
- Liaise with client on their instructions for an ad hoc vote, waiver or consent request and advise same to counterparty or agent.
- Liaise with client on their cash management objectives and balances in relation to settlement of buy and sale trades.
- Work on automation or other technology projects related to loan closing and administration.
Your Experience:
- Bachelors degree in Finance or related discipline.
- Financial services industry experience in Bank Loan servicing or closing working for a bank, hedge fund, administrator, or prime broker.
- Understanding of loans including life cycle events, trade closing mechanics and economics, market settlement conventions, Credit Agreements and their operational mechanics.
- Knowledge of Clearpar.
- Proven ability to work under pressure and meet deadlines.
- Exceptional client relationship management skills.
- Proven ability to work within a team environment in a productive and supportive manner.
Applications will be accepted on an ongoing basis until the position is filled. SS&C Technologies is an Equal Employment Opportunity employer and does not discriminate against any applicant for employment or employee on the basis of race, color, religious creed, gender, age, marital status, sexual orientation, national origin, disability, veteran status or any other classification protected by applicable discrimination laws.
Location: London - 1 Ropemaker Street
Type: Full time
Associate Manager employer: SS&C Technologies
SS&C Technologies is an exceptional employer, offering a dynamic work environment in the heart of London, where innovation meets expertise in financial services and healthcare technology. With a strong commitment to employee growth, SS&C provides ample opportunities for professional development and career advancement, alongside a supportive team culture that values collaboration and excellence. Employees benefit from working with cutting-edge technology and a diverse client base, making every day at SS&C both meaningful and rewarding.
