Job Description

The Paralegal Analyst role, sitting with the Legal and Transaction Management Team, will have experience of banking and finance transactions (preferably from a real estate angle), and will work on a wide range of finance transactions, working directly with customers, managing lawyers and CPs and reviewing finance documents to deliver streamlined service for clients.

Responsibilities:

• Support senior members of the legal team - work with senior members of the legal team to execute transactions with speed and diligence by assisting with OakNorth\'s CRM platform (nCino), managing internal CPs and working with BD support to satisfy credit conditions.
• Review finance documents - review and provide comments on Term Sheets, Loan Agreements and security documents, whilst under the supervision of senior members of the team.
• Work with other departments - work with the credit team to ensure credit sanctions are satisfied and the Operations team to ensure loans are booked correctly.
• Drafting amendment letters - draft amendment letters for review by senior members of the team.
• Review insurance policies - review and summarise insurance policies to ensure they comply with OakNorth\'s insurance standards.
• Manage and lead all aspects of transactions - work directly with clients and external lawyers and the BD team to ensure that all conditions are satisfied, and all aspects of transactions are moving with momentum.
• Assist in the review of HoTs - work with debt finance directors on producing an initial term sheet/providing indicative terms by reviewing these alongside the conditions of sanction.
• Administration Tasks - Obtain legal quotes, arrange team-catch ups and arrange the signing of documents.
• Close Deals - Work on pre-drawdown amendments, satisfy CPs needed to close deals and push deals to sign and fund.
• Liaise with the Portfolio Management team to facilitate drawdowns - work with the portfolio management team and the client to ensure the drawdown process occurs smoothly.
• Salesforce Updates - Update loan walls daily.
• Ad hoc Tasks - step up when impromptu tasks arise. Examples include reviewing and summarising key legal and market developments, work on key precedent documentation and enhancing internal processes.

Requirements:

• 1-2 years\' Paralegal experience in banking and finance.
• Ability to work cooperatively with all levels of staff in a rapidly changing, demanding, but ultimately rewarding environment.
• Drive to achieve a common goal (lend money, help businesses, and earn interest/fees!).
• Clear thinker with analytical abilities; capacity to learn quickly.
• Strong interpersonal and communication skills (written as well as verbal).
• Resourceful problem solver with a focus on delivery (ability to multitask is also crucial).
• Ability to thrive in an unstructured environment where you can create your own opportunities.

Benefits and Perks:

• Equity. We want people to have a stake in the business so that all our interests are aligned.
• 25 days holiday
• Personalized benefits - opt-in to what matters to you
• Enhanced maternity and paternity leave
• Wellbeing and social events
• In-house Barista Bar in London office
• Support causes that matter to you - Volunteering time off
• Salary sacrifice schemes (Cycle to work, nursery, gym)

About Us

We\'re OakNorth Bank and we embolden entrepreneurs to realise their ambitions, understand their markets, and apply data intelligence to everyday decisions to scale successfully at pace.

Banking should be barrier-free. It\'s a belief at our very core, inspired by our entrepreneurial spirit, driven by the unmet financial needs of millions, and delivered by our data-driven tools.

And for those who love helping businesses thrive? Our savings accounts help diversify the high street and create new jobs, all while earning savers some of the highest interest on the market.

But we go beyond finance, to empower our people, encourage professional growth and create an environment where everyone can thrive. We strive to create an inclusive and diverse workplace where people can be themselves and succeed.

Our story

OakNorth Bank was built on the foundations of frustrations with old-school banking. In 2005, when our founders tried to get capital for their data analytics company, the computer said \'no\'. Unfortunately, all major banks in the UK were using the same computer - and it was broken.

Why was it so difficult for a profitable business with impressive cashflow, retained clients, and clear commercial success to get a loan?

The industry was backward-looking and too focused on historic financials, rather than future potential.

So, what if there was a bank, founded by entrepreneurs, for entrepreneurs? One that offered a dramatically better borrowing experience for businesses?

No more what ifs, OakNorth Bank exists.

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