CLO Associate, Loan Closer

Clo Associate / Loan Closer

We are seeking a highly motivated and detail-oriented CLO Associate / Loan Closer to join our team. This individual will be responsible for managing the day-to-day operations of CLO warehouses, overseeing trade settlements, and ensuring accurate and timely documentation and reconciliation across multiple systems and stakeholders.

Key Responsibilities :

• Oversee daily activity of CLO warehouses, including communication of trade flow between fund managers and TRS providers, and resolution of discrepancies.
• Enter and close CLO warehouse trades in LoanIQ (LIQ) to maintain accurate position tracking.
• Interpret warehouse legal documentation to monitor and manage the full trade lifecycle.
• Reconcile warehouse economics with CLO fund managers to ensure alignment.
• Manage trade portfolios across multiple business lines, ensuring timely settlement and minimal open trade aging.
• Set up and maintain new trades and fund allocations in internal systems.
• Draft loan trade closing documentation (e.g., trade confirmations, transfer documents, pricing letters) when not using electronic platforms.
• Coordinate with traders, sales, and legal teams (internal and external) on trade documentation and amendments.
• Escalate issues to front office, legal, compliance, or management as needed.
• Liaise with clients, internal teams, and external agents to ensure smooth trade closings.
• Prepare and review settlement calculations, including delayed compensation, cost of carry, and commitment reduction benefits.
• Resolve post-trade settlement cash queries with internal and external clients.
• Monitor and action waivers and amendments across the portfolio, including bankruptcy and restructuring events.
• Support internal initiatives to improve automation and strengthen controls across the global franchise.
• Assist the Sales Desk with onboarding new counterparties, ensuring all systems are updated accordingly.
• Support the Trading Desk in coordinating setup of new deals and facilities, ensuring accurate mapping across Trade Capture, LoanIQ, and ClearPar.
• Create shell deals / facilities in LoanIQ as needed.
• Manage exceptions from daily system reconciliations, resolving discrepancies between internal systems and ClearPar.
• Assist Secondary Loan Closers in resolving counterparty and facility identifier issues, including coordination of Cancel & Correct (CnC) processes or static data updates.

Required Skills & Qualifications :

Primary Location Full Time Salary Range of $100,000 - $125,000.