Loans Agency Analyst

Johnson & Associates Rec Specialists Ltd
London (Greater)
Up to £57,000
04 Dec 2017
08 Dec 2017
Contract Type
Full Time

Our client, a city based bank, are seeking an experienced Loans Agency Analyst to work within their London based Middle Office Loans Agency Department.

The team currently consists of 8 dedicated team members supporting deals ranging from 2 to 700 lenders. The London agency team supports multiple business lines (ranging from but not limited to Corporate Clients / Shipping / Real Estate Finance & Structured Acquisition Finance) throughout Europe resulting in a diverse portfolio of agency deals.

Main Responsibilities of the Loans Agency Clerk:

  • Reviewing the relevant loan agreement from an operability perspective and ensuring that the documentation adheres to the banks standards and the latest LMA / LSTA documentation;
  • Liaising with the business, internal and external counsel in terms of any comments raised and ensuring that such points are negotiated to a successful outcome or raised to management;
  • Identifying the documentation needed to on-board the transaction and ensuring that this is received from external counsel / the client on a timely basis;
  • Capturing the deal in LoanIQ (directly from the loan agreement);
  • Liaising with internal and external counsel to ensure that the relevant CPs are fulfilled;
  • Reviewing any draft utilisation requests and funds flow as part of the closing process and where appropriate liaising with the business, equity sponsor and external counsel;
  • Validating the utilisation request in accordance with group procedures and sending the validated request for processing to central back office team;
  • Instructing the central back office team to process the fees due to the lenders at closing;
  • Identifying any breaks on the nostro and working with the relevant counterparties to ensure timely settlement of such breaks;
  • Facilitating primary syndication by obtaining the fund splits and admin forms from the incoming lenders and creating & executing the relevant transfer documentation;
  • Liaising with Syndications, KYC team and the Tax Ops team to ensure primary syndication is settled within the agreed timelines;
  • Identifying any financial covenants due and liaising with the relevant client to ensure timely delivery;
  • Processing any waiver / amendment request received. This is an end to end process and so will involve collaboration with the lenders, external counsel, the client and the equity sponsor;
  • Validating any secondary sale received as agent and coordinating with the KYC, Tax Ops and back office teams to ensure that the transfer can / and is processed;

Experience required of the Loans Agency Clerk:

  • Loans agency experience is essential
  • LoanIQ experience ideally but not essential
  • Exposure to Real Estate Finance and Structured Acquisition Finance deals is desirable
  • You must be a good team player, client focussed, proactive, a good communicator and have excellent attention to detail

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