ASSISTANT MANAGER - LOAN DOCUMENTATION (LMA)
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| Job Type | Permanent |
| Area | All of London, UK |
| Sector | BankingOther |
| Salary | To £60k + bens + bonus |
| Currency | GBP |
| Start Date | |
| Job Ref | VAC-02079 |
| Job Views | 877 |
- Description
- A Central London-based international Banking Group is seeking to strengthen their Loan Services team with the addition of an Assistant Manager. You will be responsible for reviewing loan documentation within the specified timeframe as required to meet business needs (adopting the LMA format); as well as supporting the manager with the day-to-day management of the team. This role will suit a candidate from a legal background due to the in-depth legal documentation knowledge that is required.
Duties to include:
- Attend to loan documentation adopting the LMA format including the reviewing of loan agreements, inter-creditors agreements, security documents, legal opinion and fee letters, etc. ensuring that the terms are in compliance with terms as per approved credit proposal
- Liaise with external legal counsel, building monitor and other professional advisors throughout the loan documentation process with terms as per proved credit proposal
- Prepare / review standard offer letters ensuring that the terms are in compliance with terms as per approved credit proposal
- Register new offer letter on monitoring report, monitor return of signed offer letters; and prepare report on bi-weekly basis advising non-return of offer letters and outstanding fees
- Check and ensure that the offer letters and other documents returned by Borrower are executed
- Handle fee payments and invoices on banking systems; To prepare Pre-drawdown checklist
- Monitor the outstanding items (e.g. conditions subsequent, original copy of offer letter, certificate of legal validity etc.) after drawdown from time to time
- Contribute to the maintenance of legal updates and templates
- Monitor and supervise Loan Documentation Associate to perform all tasks in relation to Loan Documentation properly and in a timely manner
- Constantly strive to improve team performance
- Training and Competence – identify training needs; provide regular feedback and coaching to ensure that their maximum potential is achieved
- Ensure own personal development objectives are achieved
Applicants MUST have sound experience of loan documentation gained within a law firm or major banking environment (adopting the LMA format) and candidates must be educated to degree level (or equivalent).