New Job - Loan Documentation and Securities Manager - London - RJ
- up to £100k depending on experience + bonus
- Permanent
- Central London
- Ref: 22741
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Job Title: Loan Documentation and Securities Manager (Cantonese Preferred)
The Skills You'll Need: Fluent Cantonese highly preferred (Mandarin / Japanese / Korean could be considered). Legal experience in Real Estate / Construction sector.
Your New Salary: up to £100k depending on experience + bonus
Job Status: Permanent. Hybrid working with 4 days in the office.
Summary:
- Responsible for ensuring that the facility agreements and all transaction documents throughout the loan lifecycle are prepared in compliance with terms of the approved credit proposal and completed in a timely manner.
- Act as a Loan Documentation Specialist who focuses on LMA documentation.
Loan Documentation and Securities Manager - What You'll be Doing:
- Review loan documentation within the specified timeframe as required to meet business needs
- Review and comment on NDAs for potential primary or secondary deals;
- Upon approval of credit proposal, register new facility proposal on monitoring report (i.e. incoming log), monitor execution of documentation, drawdown and return of executed documentation;
- Review and negotiation of bi-lateral and syndicated primary loan documentation including enhanced form of Bank’s standard facility letters, LMA-based facility agreements, deeds of priority and inter-creditor agreements, security documentation (e.g. debentures, share charges, subordinated debt assignments, collateral warranties, and fee letters; ancillary documentation such as duty of care agreements, subordination agreements, reliance letters, broker’s insurance letters, letters of undertaking; due diligence documentation such as Certificates of Title and overview reports), legal opinions, asset and property management agreements etc.; and ensure loan documentation are in compliance with terms of the approved credit proposal at all times;
- Participation in meetings and conference calls with clients and their solicitors or other advisors or third parties involved in the transaction for matters relating to documentation;
- Attend to secondary trading documentation (e.g. transfer certificates, trade confirmations and pricing letters); and liaise with external legal counsel to obtain legal opinions if required;
- Liaise with external legal counsel and counterparties throughout the loan documentation process as well as post-issue;
- Check to ensure that the solicitor firm to act on the Bank’s behalf is to have a minimum of two Solicitors Regulatory Authority partners; and if not seek instructions from account officers;
- Ensure all conditions precedent to drawdown have been satisfied or waived at drawdown; complete pre-drawdown check lists requirements;
- Ensure utilisation requests are in compliance with facility agreements;
- Post-issue monitor of outstanding items (e.g. collection of original copies of executed loan and security documentation, legal opinions, ancillary documents etc.) from time to time;
- Monitor the conditions subsequent on internal logsheet, follow up on outstanding items and report to HO on a monthly basis;
- Post-issue documentation support (e.g. review of documentation requiring Bank’s consent such as headleases, leases, section 106 agreements, new borrower or guarantor accession etc.); document consents, waivers etc.; attend amendment and restatement of facility agreements; and ensure relevant documentation are in compliance with terms of approved credit proposal at all times;
- Post-issue monitoring of loan security (e.g. assignment of new leases, insurance renewals etc.);
- Attend to requisite documentation relating to release of securities once credit approval is obtained (e.g. deed of release, DS1s, removal of charges from jurisdiction of register etc. if external legal counsel is not involved);
- Contribute to the maintenance of legal updates and templates;
- Escalation of issues relevant to loan documentation and security when necessary; and
- Maintain procedural checklists in relation to the review of various loan-related documents.
- To 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.
Loan Documentation and Securities Manager - The Skills You'll Need to Succeed:
- Fluent Cantonese highly preferred; Mandarin / Japanese / Korean could be considered.
- Solid experience on LMA documentation and commercial lending.
- Solid experience in lending involving real estate / construction (for investment and development) as security and familiar with relevant procedures for perfection and registration.
- Familiarity with LMA primary and secondary documentation.
- Experience as the documentation specialist
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We would be grateful if you could send your CV as a Word document. If your application is successful, you will be contacted within 7 days. We regret that due to the high volume of applications we receive we cannot provide feedback on individual CVs. Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.
People First is committed to increasing diversity, and maintaining an inclusive workplace culture. We welcome applications from all qualified candidates regardless of their ethnicity, race, gender, religious beliefs, sexual orientation, age, marital status or whether or not they have a disability.
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