Bank Loan Settlement Associate


Date: Jan 12, 2023

Location: New York, NY, US

Company: New York Life Insurance Co

Job Requisition ID: 84735

Location Designation: Hybrid 



The Bank Loan Settlement Associate is responsible for the support of all settlement activities and coordination for syndicated bank loans.  This includes trade allocations, trade confirmations, and settlement date coordination with Counterparties and Agent Banks.  This role requires frequent interaction with Counterparties, Agent Banks, Trustee’s, Legal, Traders, and Portfolio Managers. This person will also take the lead in projects and enhancements related to Bank Loan Settlements.


Description of Responsibilities:

  • Ensure all trade allocations are completed timely for all new block trades.
  • Review all trade confirms within ClearPar, work with Counterparties and the Traders to resolve any trade discrepancies.
  • Review Assignment and Assumption Agreements to ensure they are accurate and coordinate electronic signatures by the Portfolio Managers within ClearPar.
  • Coordinate and proactively work towards a timely settlement date with the Counterparty and Agent Banks within ClearPar.
  • Partner and interact with Legal to support pop-up questions that are generated in ClearPar as they relate to the Assignment and Assumption Agreements.
  • Help support CLO warehouses and CLO effective date closings.



  • BA/BS in Business Administration with concentration in Finance preferred
  • 1-5 years of Bank Loan Settlement (Closer) experience in an Insurance Company or Investment Management firm
  • Experience with Aladdin, ClearPar and Wall Street Office is a plus 
  • Strong understanding of current LSTA Industry Standards and Initiatives (Standards for Delayed Compensation on Secondary/ Primary Trades, KYC and Admin Details, etc.)
  • Advanced PC skills should include Excel, Word, PowerPoint



Salary range: $65,000-$95,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 


Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.


Please note: At this time, employees of Group Benefit Solutions can be considered for open positions within Group Benefit Solutions only. Applications from Group Benefit Solutions employees for open positions within other New York Life businesses are unable to be considered.  



Nearest Major Market: Manhattan
Nearest Secondary Market: New York City

Job Segment: Bank, Banking, Loan, Finance