Secondary Loan Trade Closer

Huntington National Bank•Detroit, MI

23d•Hybrid

About The Position

Position Overview: The Loan Closer is responsible for overseeing, coordinating, and executing the full lifecycle of the closing process for primary and secondary syndicated loan trades, including Term Loan B (TLB) transactions in which the bank serves as the Administrative Agent. This role is accountable for closing all primary and secondary loan trades executed by the Loan Trader and for executing primary and secondary loan documentation on behalf of the bank in accordance with delegated authority. The Loan Trade Closer ensures accurate documentation, compliance with applicable credit agreements, and timely funding, while working closely with internal teams, borrowers, lenders, trade counterparties, agent banks, and external counsel (when required). In addition, this position partners with outsourced market vendors, the Business/Trading Desk, and internal teams to identify, remediate, and resolve issues that may delay settlement or result in trade breaks.

Requirements

Bachelor’s degree
4 years syndicated loan operations or closing, with Term Loan B transactions.
Experience with syndicated loan structures, credit agreements, and agency roles.
Experience with LSTA/LMA documentation and strong knowledge of the standard market terms and conditions.
Proficiency in loan systems (e.g., ACBS. AFS) and Microsoft Office Suite.
Excellent organizational skills and attention to detail.
Strong communication, analytical, and problem-solving abilities.

Nice To Haves

8 or more years of syndicated loan operations or closing preferably with Term B transactions experience in lieu of bachelors degree
Prior experience as a Loan Trade Closer supporting primary and secondary syndicated loan transactions
Strong understanding of the role and responsibilities of an Administrative Agent in leveraged finance deals
Working knowledge of LSTA documentation standards and market conventions
Proven ability to manage multiple transactions simultaneously under tight deadlines in a fast-paced environment
Demonstrates initiative in identifying issues, performing root-cause analysis, and implementing solutions to prevent recurrence
Naturally inquisitive, self-motivated, and eager to learn new processes, systems, and functions
Strong written and verbal communication skills, with the ability to interact effectively with all levels of the organization and external counterparties
Ability to think both creatively and analytically to solve complex problems
Highly detail-orientated with strong organizational skills

Responsibilities

Transaction Management: Lead the loan trade closing process for primary syndicated Term Loan B transactions agented by Huntington. Coordinate closely with primary lenders, and legal counsel to finalize documentation and funding logistics for primary loan trades. Manage all secondary loan trades executed by the Loan Trader, partnering with external counterparties to ensure trade documentation, confirmations, and funding memos are accurately negotiated, executed, and recorded in ClearPar.
Documentation Review: Review, analyze, and interpret credit agreements, trade confirmations, and ancillary documentation to ensure accuracy, completeness, and compliance with governing agreements and market standards.
Funding & Settlement: Calculate and verify funding amounts, interest accruals, delayed compensation (where required), lender allocations, and funding memos. Oversee coordination with Settlement Operations to ensure accurate and timely execution of wire transfers and settlement instructions.
Compliance & Risk Management: Ensure adherence to internal policies, regulatory requirements, and KYC/AML standards throughout the closing process. Identify, investigate, and escalate discrepancies, risks, or issues that may impact trade settlement or operational integrity.
Communication & Coordination: Serve as the primary point of contact for syndicate lenders regarding closing logistics for primary trades. Provide clear, timely updates to internal stakeholders, including Sales, Trading, Credit, Operations, Accounting, and Syndications teams.
Post-Closing Activities: Partner with Servicing Operations to ensure accurate booking of loans within internal systems. Distribute executed closing documentation to all relevant parties and maintain comprehensive records for audit and control purposes.