At a Glance
- Tasks: Manage the lifecycle of syndicated loans and enhance operational processes.
- Company: Join UnitedLex, a leader in legal and data services with a focus on innovation.
- Benefits: Enjoy competitive salary, UK holiday calendar, and a supportive work environment.
- Why this job: Make a real impact in the fast-paced world of loan operations.
- Qualifications: 6+ years in loan closing, strong communication, and analytical skills required.
- Other info: Work from our central London office with opportunities for international travel.
The predicted salary is between 48000 - 72000 £ per year.
Overview
Senior Manager – Syndicated Loans Closing Operations at UnitedLex. The Senior Manager – Syndicated Loan Operations shall operate within UnitedLex\’s LexLoan client office in London. They will be responsible for servicing all lifecycle events throughout the Syndicated Loans process and contribute expert level knowledge to projects and process enhancements. This position will primarily be Work from Office (WFO) at the client site in central London. Work hours are generally 8am to 5pm with weekends off and will follow the client\’s UK holiday calendar. Applicants from the area commutable to central London are welcome.
For more information about our corporate philosophy, perks, and benefits see the About Us section below.
Responsibilities
- Closing of LMA Par, New Issue & Destress loan trades.
- Review underlying credit agreements to determine the correct form of assignment of the debt and ensure that all transfer criteria can be met.
- Settle trades via ClearPar or on paper documents, where required.
- Prepare draft trade confirmations, transfer documents and pricing letters for paper settlements.
- Manage the loan trade lifecycle post-trade execution and coordinate settlements in the Syndicated and Secondary Loan Market.
- Troubleshoot, escalate, and solve problems from trade discrepancies.
- Maintain, track, and prioritize all unsettled loan trades.
- Facilitate amendments, non-pro-rata paydowns, and Credit events.
- Liaise with front office, legal counsel, tax departments and back office to ensure timely settlements.
- Coordinate post-trade settlement issues and cash queries with back office and trading counterparties.
- Collaborate with teammates to streamline processes and create efficiencies.
- Bring experience in trade operations processes and servicing bank loans.
- Ensure timely delivery of internal and external reports.
- Liaise with front office to facilitate pre-trade arrangements when required.
Role Description
- Work with global teams to accomplish client and organizational goals.
- Coordinate trade settlements in the Syndicated and Secondary loan market through relationships with counterparties and the front and back office.
- Maintain and action a large portfolio of trades in multiple deal names and facilities.
- Adopt a proactive approach to settling trades and keeping balance sheet exposure low.
- Analyze complex issues and apply analytical thinking.
- Perform reporting and data mining when required.
- Assist and participate in the process of new client pursuits through in-person and virtual presentations, supporting the sales process to meet prospective client requirements.
Candidate Requirements
- 6+ years of overall Loan Closing experience in the LMA Loan Market.
- Thorough understanding of the Loan Market Association’s Standard Terms and Conditions.
- Good understanding of LSTA Standard Terms.
- Excellent communication skills, both written and verbal.
- Highly motivated with the ability to thrive in a fast-paced, hands-on environment.
- Strong experience in client counterparty management.
- Exceptional attention to detail and proficient documentation skills.
- High proficiency in ClearPar and LoanIQ.
- High level of computer proficiency and MS Office.
- Graduate of any stream (Commerce/Accounting/Economics may have added advantage).
- Strong team player with understanding of Loan and Credit related products.
- Attention to detail and a high level of accuracy.
Work Conditions
- UK operating hours Monday through Friday; readiness to stretch when required.
- Adhere to UnitedLex and client confidentiality and information security policies.
- Willingness to travel internationally or visit client offices if required for business purposes.
About Us
UnitedLex is a data and professional services company delivering outcomes that create value and competitive advantage for legal and business teams. Our business is anchored by a passion for innovation and a global community focused on data mastery, legal acumen, and human ingenuity. Please refer to our Privacy Policy at UnitedLex for information: https://unitedlex.com/privacy-policy/
Seniority level
- Mid-Senior level
Employment type
- Full-time
Job function
- Management and Manufacturing
Industries
- Legal Services
Note: This job description has been refined for formatting and clarity. All substantive content from the original description has been preserved.
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Sr. Manager– Syndicated Loans Closing Operations employer: UnitedLex
Contact Detail:
UnitedLex Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Sr. Manager– Syndicated Loans Closing Operations
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and legal sectors, especially those who work with syndicated loans. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of LMA and LSTA standards. We want you to showcase your expertise and confidence when discussing trade operations and loan management during those crucial conversations.
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can keep you fresh in the interviewer's mind and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit for the team.
✨Tip Number 4
Apply through our website for the best chance at landing that dream job! We love seeing applications directly from candidates who are genuinely interested in joining our team at UnitedLex.
We think you need these skills to ace Sr. Manager– Syndicated Loans Closing Operations
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Senior Manager – Syndicated Loans Closing Operations. Highlight your relevant experience in loan closing and operations, and don’t forget to showcase your understanding of LMA and LSTA standards!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific experiences that relate to the responsibilities listed in the job description, and show us your passion for the industry.
Showcase Your Communication Skills: Since excellent communication is key for this position, make sure your written application reflects that. Keep your language clear and professional, and double-check for any typos or grammatical errors before hitting send!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at UnitedLex
✨Know Your Syndicated Loans Inside Out
Make sure you brush up on your knowledge of the Syndicated Loans process, especially the LMA and LSTA Standard Terms. Being able to discuss these confidently will show that you're not just familiar with the terms but can also apply them in real-world scenarios.
✨Showcase Your Problem-Solving Skills
Prepare examples of how you've tackled trade discrepancies or other issues in past roles. Highlighting your analytical thinking and proactive approach will demonstrate that you can handle the fast-paced environment at UnitedLex.
✨Communicate Clearly and Effectively
Since this role involves liaising with various teams, practice articulating your thoughts clearly. Use specific examples from your experience to illustrate your communication skills, both written and verbal, as this is crucial for managing client relationships.
✨Demonstrate Team Collaboration
Be ready to discuss how you've worked with global teams in the past. Emphasise your ability to collaborate and streamline processes, as this aligns with the company's focus on creating efficiencies and achieving organisational goals.