Loans Agency Specialist (Associate)

Overview
A facility agent acts as the primary point of contact between the transaction parties to a syndicated loan. Appointed in the credit agreement, the agent acts as a neutral intermediary between the borrower and the lenders and performs the administrative tasks of the loan. This includes handling cash flow and providing on-going transaction support during the lifecycle of deal. In the event that discretionary action is required, the role of the agent is non-fiduciary which means the agent must follow the action of the majority lenders.

In their role as facility and /or security agent, the London agency team are part of the wider EMEA agency platform and support a wide range of deals originating from various industry sectors including but not exclusive to; Corporates, Financial Institutions (predominantly Insurance and Investment Funds), Shipping, Infrastructure, Real Estate and Acquisition Finance. In coordination with the Offshore teams the agency function is responsible for delivering a control conscious and client focused service.

Main duties and responsibilities of the role:
Working autonomously, you will become part of a team dedicated to maximising their potential and providing outstanding client service. In a market where speed and flexibility are key, continuous improvement and being responsive to the needs of our clients is a must. 

Deal Closing

• Proactively manage the deal closing process including funds flow. Depending on the transaction, this role may include fronting and primary syndication. 

• Undertake review of the facility documentation to ensure compliance with ING policy and the latest LMA/LSTA wording. All points raised must be negotiated to a successful outcome with the originating team and legal counsel. 

• Identify and collate the information required to on-board a new deal within the necessary timelines whilst ensuring that the documentation is accurately reported in Loan IQ. 

• Consult with legal counsel to ensure that relevant CPs are fulfilled. 

Transaction Management

• Ability to co-ordinate with multiple internal and external stakeholders to manage processes such as amendments, waivers, and consents.

• Main point of contact for deal queries and issue escalations, ensuring that all matters are resolved in a timely and efficient manner.

• Proactively attend meeting/calls with the business and external parties to understand the responsibilities of the agent or provide agency input on meeting subject matter.

• Arrange syndicate calls and facilitate meetings where necessary.  

Investigation

• Utilising the resources available, actively investigate and take ownership of ad hoc queries / issues to a successful resolution. 

• Timely investigation and reconciliation of nostro breaks to effectively manage risk.

In-Life Management

In-life management activities sit with our offshore teams.  However, oversight is expected:    

• Oversee day to day operational activities (drawdowns, rollovers, repayments, fees, margin adjustments, covenants, secondary transfers, ancillaries, SBLCs, Withholding Tax, etc) 

• Support our offshore teams to ensure that a high quality, client focused, and control conscious product is delivered.

Candidate Profile

Experience/Knowledge

Essential

• Minimum 3 years Loans Agency experience in a comparable role 

• Proven ability to read and interpret credit agreements.

• LoanIQ skills.

Desirable

• Exposure to Structured Finance (i.e., Real Estate Finance, Acquisition Finance, Shipping and Infrastructure Finance). 

• DebtDomain skills. 

• Knowledge of ClearPar. 

• Security Agent experience.

Personal Competencies

Essential

• Excellent oral and written communication skills.

• Planning and organisation skills to complement attention to detail.

• Result orientated with the ability to work under pressure and adapt quickly in fast paced environments or when there are challenging deadlines to meet. 

• Analytical and problem-solving skills combined with the ability to provide quick resolution to problems. 

• A self-starter, comfortable working alone and as part of a team.

• Initiative-taking and has the ambition to take it on and make it happen.

• The successful candidate must, by the time of their application to ING, have the right to work in the UK. 

Desirable

• Someone who is keen to challenge the status quo and is interested in continuous improvement and innovation. 

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