Job Description

A facility agent acts as the primary point of contact between the transaction parties to a syndicated loan. Appointed in the credit agreement, the agent acts as a neutral intermediary between the borrower and the lenders and performs the administrative tasks of the loan. This includes handling cash flow and providing on-going transaction support during the lifecycle of deal. In the event that discretionary action is required, the role of the agent is non-fiduciary which means the agent must follow the action of the majority lenders.

In their role as facility agent (and security agent if the loan is secured by collateral) the UK agency team are part of the wider EMEA agency platform and support a wide range of deals originating from various industry sectors including but not exclusive to; Diversified Corporates, Financial Institutions (predominantly Insurance and Investment Funds), Shipping, Infrastructure, Real Estate and Acquisition Finance. Working with the Offshore teams the agency function is responsible for delivering a control conscious and client focused service.

Main duties and responsibilities of the role:

Deal Closing

• Review of the facility documentation to ensure compliance with ING\xe2\x80\x99s policy / latest LMA/LSTA wording from an operational perspective.
• Ability to collaborate with the originating business and legal counsel in terms of comments raised, to ensure that such points are negotiated to a successful operational outcome.
• Identify and collate the information required to on-board a new deal whilst ensuring that all documentation is received on a timely basis and accurately reflected in Loan IQ.
• Liaise with legal counsel to ensure that relevant CPs are fulfilled and proactively manage the deal closing process, including funds flow and fronting & primary syndication process on occasion.

Transaction Management

• Ability to co-ordinate with multiple internal and external stakeholders to manage processes such as amendments, waivers, and consents.
• Main point of contact for all deal queries and issue escalations, ensuring that all matters are dealt with in a timely and efficient manner.

• Attend meeting/calls with the business areas and external parties to understand the responsibilities of the agent or provide agency input on meeting subject matter.
• Set up syndicate calls and facilitate meetings where necessary.

Investigation

• Confident in using the Loan Documentation and available tools (i.e Excel, etc.) to investigate ad hoc issues and queries to a successful resolution.
• Proactive and timely investigation and reconciliation of nostro breaks to limit risk to the bank.

Operational Activities
Whilst this function sits with our offshore teams, some oversight is expected:

• Proactively oversee day to day run activities (drawdowns, rollovers, repayments, fees, margin adjustments, covenants, secondary transfers, ancillaries, SBLCs, Withholding Tax, etc)
• Support our offshore teams to ensure that a high quality, client focused, and control conscious product is delivered.