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Distressed Closer

United States, Whippany 70000.00 - 133000.00 USD / Year · Job Posted January 18, 2026
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Job Description

Play a Key Role in Closing Highly detailed Loan Trades – Use your experience to help us deliver timely, accurate settlements in a fast-moving market. In your role as a Distressed Closer, you will help us support the end-to-end closing of Distressed, Par, and Near Par trades booked by our Trading Desk. As an Assistant Vice President, you’ll manage a dynamic pipeline of deals, working efficiently in a fast-paced environment to ensure trades are confirmed and settled accurately across the LSTA and LMA markets. Drawing on your ability to interpret highly detailed loan documentation, you will prepare, review, and manage materials such as credit agreements, collateral documents, trade confirmations, transfer documents, and funding memorandums. You will coordinate closely with counterparties to verify trade terms, resolve discrepancies, and remove roadblocks to meet tight deadlines. Your work will also include overseeing final documentation and settlement of troubled loans, liaising with internal and external stakeholders, and ensuring compliance with regulatory requirements. As part of the restructuring process, you will help convert pre restructured debt into proceeds—whether new bank debt, equity, notes, cash, or litigation trust interests—while supporting the team with ad hoc tasks that keep our operations running smoothly.

Job Responsibility

  • Support the end-to-end closing of Distressed, Par, and Near Par trades booked by our Trading Desk
  • Manage a dynamic pipeline of deals
  • Ensure trades are confirmed and settled accurately across the LSTA and LMA markets
  • Prepare, review, and manage materials such as credit agreements, collateral documents, trade confirmations, transfer documents, and funding memorandums
  • Coordinate closely with counterparties to verify trade terms, resolve discrepancies, and remove roadblocks to meet tight deadlines
  • Oversee final documentation and settlement of troubled loans
  • Liaise with internal and external stakeholders
  • Ensure compliance with regulatory requirements
  • Help convert pre restructured debt into proceeds
  • Support the team with ad hoc tasks
  • Support with day-to-day Wholesale Lending initiatives including processing, reviewing, reporting, trading and issue resolution
  • Monitor the bank’s lending operations to ensure that they are conducted in an efficient and effective manner and comply with relevant regulatory requirements
  • Collaborate with teams across the bank to align and integrate Wholesale Lending processes
  • Identify areas for improvement and providing recommendations for change in Wholesale Lending processes
  • Develop and implement Wholesale Lending procedures and controls to mitigate risks and maintain operational efficiency
  • Develop reports and presentations on Wholesale Lending performance and communicate findings to internal senior stakeholders
  • Identify industry trends and developments to implement best practice in Wholesale Lending Services
  • Participate in projects and initiatives to improve Wholesale Lending efficiency and effectiveness

Requirements

  • Extensive Loans Closing experience with PAR/Distressed/Equity
  • The ability to read and interpret highly detailed loan documents, identify discrepancies
  • High client service experience
  • Being proficient in using Microsoft Office applications, Clearpar, Loan IQ
  • Being a collaborative partner with a remarkable work ethic and attention to detail
  • Good people skills, written and verbal communication
  • The ability to work with minimal guidance and take full responsibility of defined tasks
  • The aptitude to learn new software / applications

What we offer

  • Medical, dental and vision coverage
  • 401(k)
  • Life insurance
  • Other paid leave for qualifying circumstances
  • Incentive award eligibility

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