Loan Closer

New York, NY

Posted: 08/14/2018 Industry: FIN Perm Job Number: 11156628
 Overview: The Loan Closer should have a major understanding of bank loan operations.   Duties include the support of our internal and external Clients by coordinating the closing and initial funding of new deals: 
Main responsibilities:
  • Analyze Credit Documentation/Agreements and extract the necessary information for  booking on LIQ
  • Experience and familiarity with Credit Proposal review, Credit Mod and Decision Sheet (approval)   
  • Ensure that all Conditions Precedent are met prior to closing
  • Process the Initial Borrowing request, arrange for funding, set base rate and create the  Standard Settlement Instruction
  • When necessary, coordinate closing with outside counsel and prepare Legal Bill Payment Form.
  • Process Closing Fees and Amendment fees
  • Create E-File
  • Create Work File for use by the Deal Administrator
  • Process deal amendments
Secondary Trades:
  • For Secondary Trades (solid experience), provide Trade Confirmation, Funding Memo, Calculate/Verify delayed comp and close trade in a timely manner
System experience:
  • Loan IQ proficiency
  • Web based systems (Intralinks, Clearpar and TSI)
Minimum Requirements:

• 4 - 5 years of loan agency experience
• 4 year degree in Finance/Accounting/Economics
• PC skills (word processing, s spreadsheets, e-mail)
• Excellent interpersonal skills, customer service orientation
• Self motivated, confident and committed
• Professional and proactive approach to work
• Strong organizational skills, concern for quality & accuracy
• Ability to work well under pressure and ability to multitask
• Leadership & Initiative
• Ability to train and support new employees
• Team player

Richard Franco

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