Loan Operations Manager

Whippany, United States

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Date live: Oct. 11, 2022

Business Area: COO & Functions

Area of Expertise: Operations

Reference Code: 90278961

Contract: Permanent/Regular

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Loan Operations Manager
Whippany, NJ

As a Barclays Loan Operations Manager, you will have ownership for proactively managing the transactional closing, booking and long term asset management of a portfolio of both investment grade and non-investment grade loan transactions, including Asset Based Loans. You will have the opportunity to collaborate with front office teams in a variety of ways, assisting in the routine operational support along the transaction closing cycle.

Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality and innovation behind us. We've helped millions of individuals and businesses thrive, creating financial and digital solutions that the world now takes for granted. An important and growing presence in the USA, we offer careers providing endless opportunity.

What will you be doing?

•   Overseeing the daily operations of the Bank Debt team workflow for the loan transactions where Barclays is a lead agent or lender participant and will manage a team of 3 analysts
•   Reviewing closing documentation to ensure it meets operational requirements and manage teams’ performance to ensure all financial closings are properly positioned to fund
•   Ensuring all appropriate approvals, sanctions, documentation, and KYC are complete and in place to ensure efficient and timely closing
•   Reviewing legal loan documentation and ensuring it meets operational ABL requirements where applicable for agented and participation transactions
•   Working with Client Servicing and Letter of Credit Team in respect to any LC Issuances at closing that may be required under a Guarantee request for Agented transactions
•   Managing the associated closing process utilizing internal systems to complete the setup of a transaction profile and completion of post-closing functions across their portfolio
•   Coordinating primary assignment process with Primary Closing Operations team (for led deals)
•   Overseeing the team’s ongoing asset management of high grade and leveraged loan facilities

What we’re looking for:

• Experience managing a team
•   Significant experience in Syndicated Loan Operations within Financial/Banking industry
•   Capability to review and understand loan documentation and lending transactions
•   Working knowledge of primary lending systems: ACBS, ClearPar, WSO, Loan IQ, SyndTrak, Intralinks, DebtDomain, payments systems GBS

Skills that will help you in the role:

•   Ability to review legal loan documentation and ensure it meets operational ABL requirements for agented and participation transactions
•   Experience in the lending process and ability to network effectively both internally and externally, and maintain/develop relationships with all stakeholders
•   Capability to review and understand loan documentation, the Letter of credit product and lending transaction
•   High level of attention to detail and interpersonal skills demonstrated by good oral and written communication

Where will you be working?

At Barclays, we are proud to be redefining the future of finance and here at Whippany we are defining the future of the workplace and the future of the way we work and live. We are creating a unique community, one of four strategic tech-enabled hubs that will redefine opportunity for everyone who works here. Whatever you do at Whippany, you’ll have every chance to build a world-class career in this world-class environment.

More about working at Barclays

Our approach to hybrid working ensures there’s the right balance of working alongside colleagues at our onsite locations, as required for each role. For business areas that offer a hybrid working experience, this will be in a structured way, where colleagues work at an onsite location on fixed, ‘anchor’, days of the week. Some roles may require full onsite working. Please discuss the working pattern requirements for the role you are applying for with the hiring manager.

We continue to embed and review our hybrid working environment and remain in a phase of testing and learning. This means that working arrangements could change, with reasonable notice, to align with the needs of our business.

Barclays welcomes applications from all candidates and is committed to ensuring reasonable adjustments (accommodations) are put in place to allow for a fair and inclusive recruitment process. For more information and how to request one, please review Adjustments to the recruitment process.

We’re committed to providing an inclusive culture and environment, that recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees globally to work flexibly empowers each of us to work in a way that suits our lives, as well as enabling us to better service our customers’ and clients’ needs.

Our approach to working flexibly is designed to support you to balance your life and to accommodate diverse needs, whilst still allowing us to meet our business needs. If you’d like to request a flexible working arrangement, please discuss this with your hiring manager.

We're committed to providing a supportive and simplified experience for our candidates throughout the application and assessment process. Here, you will find information about what to expect and some guidance around your assessment and interview.

While the application process depends on the role, there are some constant steps, which are;

Step 1 - Your application
Step 2 - Your assessment
Step 3 - Your interview
Step 4 - Next steps

We aim to create an inclusive work environment where everyone can reach their full potential. If you require any adjustments to our recruitment process, please click here to learn more.

Find out more information here.

Barclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.
We are an equal opportunity employer and opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.

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