Middle Office Credit Loan Closer

Selby Jennings; New York (NY); On-site; USD 90,000 - 150,000; Full time

Job summary

Selby Jennings is partnering with a leading global financial institution in New York to recruit a Secondary Loan Closing Associate for its Financial Markets Middle Office team. The role involves end-to-end processing of secondary loan trades and ensuring timely settlements across LMA and LSTA markets.

You will manage the full trade lifecycle, review credit agreements, draft confirmations, and coordinate with counterparties, legal counsel, and internal stakeholders.

Qualifications

• 3+ years of secondary loan closing experience.
• Strong knowledge of LSTA and LMA market practices.
• Experience managing the full trade lifecycle.
• Hands-on experience with Loan IQ required.
• Experience with ClearPar and paper settlements.
• Understanding of loan assignments, novations, transfers, and withholding tax concepts.

Responsibilities

• Manage the full lifecycle of secondary loan trades from trade capture through settlement.
• Process and close both LMA and LSTA loan transactions.
• Review credit agreements and supporting legal documentation.
• Draft and negotiate trade confirmations, transfer documents, pricing letters, and settlement documentation.
• Coordinate settlements with counterparties, legal counsel, and internal stakeholders.
• Monitor trade activity, resolve exceptions, and escalate issues where necessary.
• Support operational improvement initiatives and regulatory requirements.
• Assist with audit requests, risk management, and process enhancement projects.

Skills

Secondary loan closing

Trade lifecycle management

LSTA market practices

LMA market practices

Settlement processing

Audit & regulatory

Tools

Loan IQ

ClearPar

Job description

We're partnering with a leading global financial institution to hire a Secondary Loan Closing Associate to join its Financial Markets Middle Office team in New York. This is an excellent opportunity for a professional with syndicated loan operations experience who wants exposure to the full trade lifecycle in a highly visible and collaborative environment.

In this role, you'll support the end-to-end processing of secondary loan trades, working closely with Trading, Legal, Risk, Finance, Technology, and external counterparties to ensure accurate and timely settlements across both LMA and LSTA markets.

Key Responsibilities:

• Manage the full lifecycle of secondary loan trades from trade capture through settlement
• Process and close both LMA and LSTA loan transactions
• Review credit agreements and supporting legal documentation
• Draft and negotiate trade confirmations, transfer documents, pricing letters, and settlement documentation
• Coordinate settlements with counterparties, legal counsel, and internal stakeholders
• Manage workflows through Loan IQ and ClearPar
• Monitor trade activity, resolve exceptions, and escalate issues where necessary
• Support operational improvement initiatives and regulatory requirements
• Assist with audit requests, risk management, and process enhancement projects

Requirements:

• 3+ years of secondary loan closing experience
• Strong knowledge of LSTA and LMA market practices
• Experience managing the full trade lifecycle
• Hands-on experience with Loan IQ required
• Experience with ClearPar and paper settlements
• Understanding of loan assignments, novations, transfers, and withholding tax concepts
• Exposure to structured credit products, including Loan TRS/TRCLI, is a plus