Job Title:  Loan Closer Temp

Job Title:  Loan Closer Temp

Division: Operations

Location: New York

The hourly rate is expected to be between $60 - $65/hr

Company overview

Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.

Aon’s Benefit Index®, Nomura’s benefits rank #1 amongst our competitors

Department overview:

The successful candidate will work on a Loans Operations team:

Role description:

• Coordinate primary closing Loan transactions from start to end across various Business Groups. The role entails working closely with Investment Banking, Global Markets, Legal, Client On boarding, and Treasury.
• Review Credit Agreements for operational aspects and build / set up deals in Loan IQ
• Reconcile past due items and resolve past due items in a timely manner
• Investigate discrepancies/problems and efficiently resolve sensitive operational issues
• Coordinate with Client Onboarding for any KYC requirements for new Nomura clients
• Working in a very dynamic environment to manage the full portfolio and Closing of PAR and Distressed LSTA loan trades
• Ability to manage the trade portfolio, across multiple business lines, following all trades from Trade Date to Settlement whilst maintaining a clean open trade aging profile and driving reduced settlement times
• Drafting of Loan Trade Closing documentation – including Trade Confirmations, Transfer Documents, Pricing Letters (amongst others) when not closing via electronic platform
• Coordinating with Trader, sales and Legal (internal and external) on proposed changes to Trade documents
• Working directly with clients, internal partners and external Agents to resolve issues and ensure smooth closing of all trades
• Prepare and review settlement calculations including delayed compensation, cost of carry and benefit of commitment reductions
• Collaborate with Servicing Team in Mumbai and manage all aspects of bank debt operations including lifecycle events processing, trade closings, cash and position reconciliation, and corporate actions
• Ability to work closely with business teams to resolve queries and provide first level account service

Skills, experience, qualifications and knowledge required:

• 4+ years of Bank Debt experience is required
• Primary Loan Closing and servicing experience (bilateral and agency)
• Strong interpersonal skills as this role requires the ability to effectively communicate and prioritize the resolution of time-sensitive issues with internal and external stakeholders
• Experience with loan IQ is required
• High attention to detail
• Ability to work in a fast-paced environment

Successful candidates will be engaged under a contract for services with a third party.

Successful Candidates will not be employed by nor have any employment relationship with Nomura.