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Description

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

Seeking a senior and experienced associate in Deal closing and Loan Servicing to be part of our Loan Administration Team. Associate must be able to read and interpret complex loan documentation and be an expert to advanced user of Loan IQ system. Individual is required to understand and work in accordance with internal procedures and facility-specific documentation. The position requires adherence to strict deadlines, from a deal closing and servicing perspective, transaction processing that result in funds movement, external and internal client queries and project completion

As our Senior Deal Closing Associate you will:

+ Responsible for analyzing and understanding complex loan agreements and related documentation

+ Construct deal structures in Loan IQ including amending existing deals in USD and other currencies

+ Possess a detailed and comprehensive understanding of Risk-Free Rates (RFR), market concepts and practices

+ Coordinate with various internal and external teams to ensure timely completion of KYC before deal closings and amendments

+ Assess complex loan restructuring and coordinate trade capture with Trading Team in Loan IQ

+ Settlement of Private Equity type transactions

+ Perform loan servicing for syndicated, participate and bi-lateral deals

+ Review and approve transactions and loan processing, including but not limited to loan funding

+ Review and drive break resolution identified in reconciliations, either for daily or month-end reporting purposes

+ Collaborate with internal and external clients, teams and syndicate bank group members to research and resolve cash and position reconciliation breaks in a timely manner

+ Monitor tax expirations and request expiring tax forms to ensure timely validation

For this role, HSBC targets a pay range between $90,000.00 and $125,000.00

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Qualifications

You´ll likely have the following qualifications to succeed in this role:

+ Proficient in LIQ usage, including building and amending existing deal structures, and loan administration

+ Excellent written and verbal communication

+ Ability to multitask, manage time and meet deadlines

+ Strong process and operational risk understanding

+ Knowledge of Markit/Clear Par platforms and trade settlement mechanics (delayed compensation); familiarity with LSTA and LMA standards and practices

+ Advanced Excel knowledge

+ 5 years in loan Syndication and servicing of Leverage, Project Finance and Distress loans

+ Bachelor’s degree with concentration in Finance and or Accounting

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.

**Job Field:** Branch and Retail Banking

**Primary Location:** North America-United States-New Jersey-Jersey City

**Req ID:** 0000LC35