Loan Closer

Overview Connecting clients to markets - and talent to opportunity With 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we're a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets - focusing on innovation, human connection, and providing world-class products and services to all types of investors. At StoneX, we offer you the opportunity to be part of an institutional-grade financial services network that connects companies, organizations, and investors to the global markets ecosystem. As a team member, you'll benefit from our unique blend of digital platforms, comprehensive clearing and execution services, personalized high-touch support, and deep industry expertise. Elevate your career with us and make a significant impact in the world of global finance. Business Segment Overview Corporate: Engage in a deep variety of business-critical activities that keep our company running efficiently. From strategic marketing and financial management to human resources and operational oversight, you'll have the opportunity to optimize processes and implement game-changing policies. Responsibilities Job Purpose and Responsibilities Position Purpose: As part of the Leveraged Finance (Corporate Credit) Trading Team, you will maintain a portfolio of Par/Distressed LSTA loans, Post ReOrg/Private Equity, and Non Traditional Financial Assets (Bankruptcy Trade Claims/Insurance Liquidation Policy Claims/Litigation Trust Units/Tax Credits/etc) trades from Trade Date through to Settlement and in certain cases post Settlement. Primary duties will include: You will be preparing and reviewing LSTA Par/Distressed trade documents; Trade Confirms, Transfer Certificates, Participation/sub-Participation agreements, netting Agreements, Funding memos, Purchase and Sale Agreements, and Distressed Trade Claim documents. You will be preparing and reviewing private equity/warrant trade documents; Trade Confirms, Transfer Certificates, ROFR/ROFO agreements, netting Agreements, Funding memos, Purchase and Sale Agreements, and Shareholder/LLC Joinder documents. You will liaise with trade counterparties, agent banks, legal counsel (external and internal) as required to ensure all documents are ready for settlement. You will assist in reviewing Credit/Shareholder Agreements to assess transferability requirements and restrictions. Liaise with Operations to instruct settlement of trades. Monitor trader positions to ensure trades and settled positions are always reconciled. Identify and update senior Team members on potential issues with any loan settlements. Identifying solutions to potential settlement issues. Preparing weekly status reports and hosting Weekly Open Trades Review Meeting with internal parties. Work with AML/Compliance/KYC teams to ensure all internal checks are performed and documented prior to loan settlement. Work closely with the Head Trader, the Head of Leveraged Finance, the Sales and Trading team, Legal and Operations. Qualifications Qualifications: Required: 5 year of experience in Par/Distressed leveraged loans (Corporate Credit) and trade closing. Good written and verbal communication skills Preferred: Familiarity with Clearpar systems and SyndTrak Commercial Awareness Education and Certification Requirements: Bachelor's degree or equivalent experience Successful completion of Series 99 within 90 days of employment Working Environment: Full time onsite Ability to work under pressure and within tight timelines Sense of Humor #LI-Hybrid #LI-EJ1

Created: 2024-11-08