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Loan Origination Agency AVP

Whippany, New Jersey

Date live: Jun. 27, 2024

Business Area: COO & Functions

Area of Expertise: Operations

Reference Code: 90390856

Contract: Permanent

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Loan Origination Agency Assistant Vice President
Whippany, NJ

As a Barclays Loan Origination Agency Assistant Vice President (AVP), you’ll proactively manage the transactional closing, booking and long-term asset management of a portfolio of both investment grade and non-investment grade loan transactions. You’ll work with front office teams in a variety of ways, assisting in the routine operational support along the transaction closing cycle. This is an opportunity to develop agile and lean ideas that will help the Operations group to improve efficiency and productivity.

Barclays is one of the world's largest and most respected financial institutions, established in 1690, with a legacy of success, quality, and innovation. 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.

At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home. We have a structured approach where colleagues work at an onsite location on fixed, ‘anchor’, days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.

What will you be doing?

• 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 and leading 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)
• Supporting the team’s ongoing asset management of high grade and leveraged loan facilities, including collating, and managing Borrower’s financial information
• Managing and leading in the deal flow pipeline and maintenance of data sites as it relates to Agency portfolio

What we’re looking for:

• Bachelor’s Degree
• Over five years of experience in loan operations
• More than five years of banking/finance industry experience
• 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
• Capability to review and comprehend loan documentation, the Letter of credit product and lending transaction
• Ability to work to tight deadlines and respond immediately to urgent requests
• Ability to work very independently and take full ownership of defined tasks

Where will you be working?

Our next-generation workplace in Whippany allows talented, passionate, down-to-earth colleagues to connect daily. With state-of-the-art work facilities and many added features like pool tables, cafés and a gym – it’s a place you can call home. Our office is minutes away from Morristown, known for its rich history and lively modern spirit. With bustling Manhattan easily accessible and a picturesque landscape here on the doorstep, Whippany really does offer the best of both worlds.

#LI-Hybrid

More about working at Barclays

From New York to Nevada, our Barclays US offices are places where we’ve brought work and wellbeing together to create environments where our people can be at their very best. These are warm, welcoming and diverse communities where everyone’s contribution is recognised and celebrated.

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 a supportive and inclusive culture and environment for you to work in. This environment 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. Whether you have family commitments or you’re a Carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility then please discuss this with the 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.

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This is the spirit of Barclays. It’s why we exist, what we believe and how we behave. But most importantly, it’s how we make decisions, take action and get things done.

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