Primary Loan Associate Closer

JP Morgan

Location: Greater London

Job Type: Full time


Do you have experience working as a Loan Closer and have a passion to work in a dynamic environment? Then join our team!

As a Primary Loan Associate Closer within the Wholesale Lending Services team, you will manage a portfolio of primary loan trades from the trade date to settlement. You will operate in a dynamic environment, collaborating with the trading desk, external clients, legal counsel, and other WLS teams to settle primary loan trades across Europe, Middle East, and Africa (EMEA).

Wholesale Lending Services (WLS) provides global end-to-end loan origination, servicing, restructuring, and trading support. Services are tailored to the needs of the client and lines of business, ranging from bilateral to large syndicated loan agreements. Services provided include Loan Origination; Deal Closing & Funding; Documentation Review; Core Loan Servicing; Primary / Secondary Loan Closing & Trade Settlement.

Job Responsibilities

  • Partners with the trading desk, external clients, legal counsel and operations to settle primary trades across Europe Middle East and Africa (EMEA)
  • Understands, reviews and drafts LMA standard documents and other trade-related documents including Assignment Agreements, Global Transfer Certificates and Multilateral Agreements
  • Coordinates with internal and external legal counsel to agree to proposed changes to trade documents
  • Reviews and understands syndicated credit agreements with specific focus on transfer mechanics
  • Manages a challenging trade portfolio across various lines of business while maintaining a healthy aging profile and driving reduced settlement times
  • Identifies and escalates issues to the front office trading assistants / traders / sales people, internal legal counsel and operations management
  • Works directly with counterparties, internal partners and external Agents to resolve issues
  • Coordinates timely and precise trade settlement with various settlement groups across WLS
  • Performs trade-related calculations, including OID & Ticking Fee
  • Creates and understands key metrics reporting for front office teams; daily / weekly / monthly reporting of open / closed / new trade population
  • Works on non-BAU projects and initiatives designed to improve automation and strengthen the team’s control environment

Required qualifications, capabilities, and skills

  • Excellent oral and written communication skills
  • Excellent analytical skills
  • Extremely detailed and control orientated; keen to understand the detail
  • Strong PC skills in particular Excel, Word and PowerPoint
  • Must have excellent client service skills

Preferred qualifications, capabilities, and skills

  • Knowledge of LMA documentation, Loan IQ and ClearPar