Job Description

Job Description

Assistant Vice President - Loan Closing (Malvern)

Job Description

About Citco:

The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So, for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.

About the Team & Business Line:

Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.

Responsibilities

Your Role:

AVP in Loan Closing will have the following duties and responsibilities, including but not limited to:

• Plan, schedule and manage the daily Bank Loan Settlement workflows of all client relationships.
• Receive new trade details from client and manage process to ensure settlement within satisfactory market timescales.
• Conduct reviews of LMA/LSTA trade documents including trade confirmations, transfer certificates and pricing letters for accuracy.
• Liaise with trade counterparties and agent banks as required in order for timely settlement of trades.
• Maintain up to date trade status records in order to provide reporting to management and client on a regular basis.
• Ensure trades are accurately settled on back-office loan system and documents stored for audit requirements.
• Lead client meetings and provide progress updates on their unsettled trades in a concise and professional manner.
• Act as point of contact/escalation contact for client queries/requests and drive resolution of same.
• Train new members of Loan Closing team, work with manager to ensure training material and procedures are up to date, and correct.
• Participate and drive process improvement projects that will benefit the team and client experience.
• Participate in managerial functions as well as any other functions required as part of the business of the Company.

Qualifications

About You:

• 4+ years’ experience in Financial Services with a primary focus on Bank Loans/Loan Closing.
• Product Knowledge: Primary and Secondary Syndicated Bank Loans (Par and Distressed) as well as Private Debt.
• Strong Microsoft excel capabilities, with experience of ClearPar Loans Platform or ClearStructure Sentry loan system a benefit.
• Significant Client Relationship and communication skills.
• Ability to organize and prioritize tasks with multiple competing deadlines.
• Strong analytical, attention to detail and problem solving skills.
• Ability to learn new platforms and source information from numerous systems.
• Flexible and comfortable adapting to fluid operational requirements and deliverables.
• Management and leadership experience an advantage.

Our Benefits

Your well-being is of paramount importance and central to our success here at Citco. Citco offers a comprehensive and competitive total rewards package to support your career success and personal needs. Your base salary will be determined by several factors such as the role, experience, skillset, market conditions, etc. Furthermore, qualifying positions can participate in an annual discretionary bonus pool based on company profitability and individual contributions. Our comprehensive benefits package includes medical, dental, and vision coverage, short and long-term disability benefits, a retirement savings plan, tuition reimbursement, mental health and wellness support, parental leave, and more. Additional details about our total rewards package will be shared during the hiring process.

At Citco, we take pride in fostering an inclusive culture by prioritizing the hiring of people from diverse backgrounds. Our culture is a source of pride and strength, fostering innovation, mutual respect, and collaboration. We warmly welcome and encourage applications from people with disabilities. If you require any accommodations to make our recruitment process more accessible for you, please let your recruiter know.

As an equal opportunity employer, Citco adheres to making all employment and personnel decisions without discriminating based on race, color, creed, religion, sex, physical disability, mental disability, age, marital status, sexual orientation, citizenship status, national or ethnic origin, or any other protected status. We believe that an inclusive workforce not only enriches our company but also drives us towards greater success.

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