Description

Position Overview:
The Loan Closer is responsible for overseeing, coordinating, and executing the full lifecycle of the closing process for primary and secondary syndicated loan trades, including Term Loan B (TLB) transactions in which the bank serves as the Administrative Agent.  This role is accountable for closing all primary and secondary loan trades executed by the Loan Trader and for executing primary and secondary loan documentation on behalf of the bank in accordance with delegated authority.  The Loan Trade Closer ensures accurate documentation, compliance with applicable credit agreements, and timely funding, while working closely with internal teams, borrowers, lenders, trade counterparties, agent banks, and external counsel (when required).  In addition, this position partners with outsourced market vendors, the Business/Trading Desk, and internal teams to identify, remediate, and resolve issues that may delay settlement or result in trade breaks.

Key Responsibilities:

• Transaction Management:
  • Lead the loan trade closing process for primary syndicated Term Loan B transactions agented by Huntington.
  • Coordinate closely with primary lenders, and legal counsel to finalize documentation and funding logistics for primary loan trades.
  • Manage all secondary loan trades executed by the Loan Trader, partnering with external counterparties to ensure trade documentation, confirmations, and funding memos are accurately negotiated, executed, and recorded in ClearPar.

• Documentation Review:
  • Review, analyze, and interpret credit agreements, trade confirmations, and ancillary documentation to ensure accuracy, completeness, and compliance with governing agreements and market standards.

• Funding & Settlement:
  • Calculate and verify funding amounts, interest accruals, delayed compensation (where required), lender allocations, and funding memos.
  • Oversee coordination with Settlement Operations to ensure accurate and timely execution of wire transfers and settlement instructions.

• Compliance & Risk Management:
  • Ensure adherence to internal policies, regulatory requirements, and KYC/AML standards throughout the closing process.
  • Identify, investigate, and escalate discrepancies, risks, or issues that may impact trade settlement or operational integrity.

• Communication & Coordination:
  • Serve as the primary point of contact for syndicate lenders regarding closing logistics for primary trades.
  • Provide clear, timely updates to internal stakeholders, including Sales, Trading, Credit, Operations, Accounting, and Syndications teams.

• Post-Closing Activities:
  • Partner with Servicing Operations to ensure accurate booking of loans within internal systems.
  • Distribute executed closing documentation to all relevant parties and maintain comprehensive records for audit and control purposes.

Qualifications:

• Bachelor’s degree
• 4 years syndicated loan operations or closing, with Term Loan B transactions.
• Experience with syndicated loan structures, credit agreements, and agency roles.
• Experience with LSTA/LMA documentation and strong knowledge of the standard market terms and conditions.
• Proficiency in loan systems (e.g., ACBS. AFS) and Microsoft Office Suite.

Preferred Skills:

• 8 or more years of syndicated loan operations or closing preferably with Term B transactions experience in lieu of bachelors degree
• Excellent organizational skills and attention to detail.
• Strong communication, analytical, and problem-solving abilities.
• Prior experience as a Loan Trade Closer supporting primary and secondary syndicated loan transactions
• Strong understanding of the role and responsibilities of an Administrative Agent in leveraged finance deals
• Working knowledge of LSTA documentation standards and market conventions
• Proven ability to manage multiple transactions simultaneously under tight deadlines in a fast-paced environment
• Demonstrates initiative in identifying issues, performing root-cause analysis, and implementing solutions to prevent recurrence
• Naturally inquisitive, self-motivated, and eager to learn new processes, systems, and functions
• Strong written and verbal communication skills, with the ability to interact effectively with all levels of the organization and external counterparties
• Ability to think both creatively and analytically to solve complex problems
• Highly detail-orientated with strong organizational skills

Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Yes

Workplace Type:

Office

Our Approach to Office Workplace Type

Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds:  in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

Huntington will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basis.

Compensation Range:

57,000.00 - 113,000.00 Annual

The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance.  Colleagues in this position are also eligible to participate in an applicable incentive compensation plan.  In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO). 

Huntington is an Equal Opportunity Employer.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Note to Agency Recruiters:  Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume.  All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.