Senior Associate, Agency and Trustee Services

Kroll Agency and Trustee Services Ltd (KATS) provides conflict-free flexible and highly efficient administrative and trustee services to the global loan and bond markets. As a leading independent service provider we specialize in the administration of privately placed notes restructuring situations syndicated bi-lateral and private credit transactions. Our team of industry leading experts coupled with our high touch service speed of execution and 24/7 responsiveness sets us apart from other providers.

This is a senior position where you will be heavily involved in the closing of new deals amendments restructurings assist with the running of BAU for KATS Operations team and all its functions to include (for loan and non-loan transactions):

Definitions

KATS Kroll Agency and Trustee Services Ltd

LIQ LoanIQ (Krolls current system of record)

Connexis BNP Paribas electronic banking platform

Deal Closing Responsibilities

• Collaborate with the Closing Transaction Manager to review loan agreements utilization requests and all supporting documentation from an operations perspective providing comments and recommending required amendments
• Act as the primary operational liaison with external stakeholders including legal counsel lenders borrowers and borrowers advisors
• Identify and escalate any document-specific nuances or issues to team leader/senior management for further guidance
• Set up new deal and facilities in LIQ once all documentation has been finalized and executed
• Review understand and accurately follow fundsflow mechanics for new deal closings
• Conduct callbacks to verify closing payments and prepare manual payment files for transactions funded through KROLL
• Pre-advise the lenders with regards to MT103/PACS 008 instructions and readiness to fund prior to the closing or funding date
• Coordinate with all lenders on the day of closing/funding maintaining clear and timely communication regarding the status of funds into the KROLL account
• Ensure all closing payments are uploaded and prepared for release within Connexis
• Liaise with BNP to obtain SWIFT copies and resolve any issues related to incoming or outgoing funds
• Handover of deals to the loans servicing desk after the deal has been successfully closed

New deal set-up taking responsibility for inputting and setting up new transactions in LIQ in accordance with facility agreements and Krolls procedures. This is to include:

• Recording loan / facility details in LIQ
• Performing call backs to verify Lender and Borrower admin forms and entering them in LIQ
• Entering loan party information in LIQ in accordance with ADF
• Ensure lender and borrower SSIs are entered into Connexis
• Recording new transactions in Krolls diary system
• Ensure lender details are entered in Debt Domain platform by liaising with relevant team in Bangalore

Managing initial drawdown of loan facilities liaise with Transaction Management team to co-ordinate and implement operational aspects of initial loan draws in accordance with facility agreements and KATS procedures. This will include:

• Checking utilisation requests from borrowers
• Issuing demand notices to lenders for initial drawdown*
• Notifying BNP Paribas of upcoming drawdown
• Monitoring receipt of lender funds to Kroll client accounts
• Confirming release of funds with lenders (obtaining swift messages)
• Following up with BNP Paribas to trace missing lender funds and following up with the lenders where required
• Creating a payment file(s) for the borrower payment (plus any other remittances required under the funds flow) in Connexis for release of funds by the relationship management team
• Notifying Transaction Management team that funds have been received remittances have been created and are ready to be released
• Reconciling Kroll client accounts upon release of payments
• Rate fixing of loan on drawdown in accordance with agreements
• Updating LIQ with new interest period and interest rate
• Compiling and sending rate-fixing notices to lenders
• Diarising next rollover / interest payment date in KATS diary system

Managing loan rollovers and other scheduled deal activity ensure completion of scheduled agency activity in accordance with facility agreements and KATS procedures. This will include:

• Monitoring KATS diary system to ensure upcoming rollovers / scheduled deal activity is actioned
• Calculating amounts of interest and principal due to the lenders
• Calculating fees due to the lenders
• Compiling and sending demand notices to the borrower requesting payment of scheduled interest fees and principal due under the agreement
• Creating payment files for payment of interest fees and principal due to the lenders
• Rate fixing for new interest period (in conjunction with the borrower)
• Compiling and sending new rate fix notices to lenders and borrowers
• Notify BNP Paribas of upcoming rollover activity on the account
• Monitoring receipt of interest fees and principal payments to Krolls client accounts
• Advising relationship management team of receipt of borrower payments to Krolls client accounts
• Diarising for next rollover / interest payment dates
• If borrower funds not received following up with borrower and advise relationship management team
• Reconciling Krolls client accounts upon release of payments

Managing ad-hoc / unscheduled payments of principal liaising with relationship management team to administer unscheduled payments of loan principal and accrued interest in accordance with facility agreements and KATSs procedures. This is to include:

• Receiving and processing borrower notices of repayment / prepayment
• Calculating lender pro rata share of principal accrued interest breakage costs and fees and issuing notices to demand the same from the borrower
• Issuing lender notices to confirm upcoming repayment / prepayment
• Creating payment files in Connexis for each lender share of repayment / prepayment
• Advising BNP Paribas of upcoming account activity
• Monitoring receipt of funds to Krolls client accounts
• Notifying relationship management team of receipt of funds into Krolls client accounts
• If borrower funds not received following up with borrower and advise relationship management team
• Updating LIQ with details of repayment and prepayment and issuing lender / borrower notices accordingly
• Reconciling Krolls client accounts upon release of payments

Other ad-hoc tasks and duties undertake other ad-hoc tasks and duties as and when the need arises to include:

• Taking responsibility for the administration of non-loan transactions as and when the need arises
• Tax reporting as and when required under a transaction
• Writing and monitoring procedures
• Take an active role in building mentoring and managing operations team as it grows
• Monitoring and responding to Borrower Lender Counsel and Sponsor queries in a timely manner.

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