Associate
PwC
Mumbai
18h ago

Associate

Job Description & Summary

A career in our Advisory Acceleration Centre is the natural extension of PwC’s leading class global delivery capabilities.

We provide premium, cost effective, high quality services that support process quality and delivery capability in support for client engagements.

Certifications : Paralegal / Any Graduate with relevant experience

Roles and Responsibilities :

  • Candidate would be required to review and extract information from the lending contracts under the wholesale division of a bank
  • Contracts include documents like credit agreement primary, credit agreements amended and restated, commitment letter, fee letter, term sheet, flood insurance, collateral documentation etc.
  • The deals are mostly historical so candidate can expect lots of time-based history to influence the complexity / number of documents
  • The agreements / contracts are in scanned form and are not in machine readable format, hence the efforts need to be manual
  • There are multiple teams based out of different country hubs like Poland, Mexico, Belfast etc, hence candidate is expected to be good in written and verbal communication as well as in coordinating with different teams
  • One-month training will be given to the candidate before deployment, including interpretative guidance from the lawyers of the client
  • Candidate would be required to onboard on client environment and work on Client systems
  • Skills :

    Ability to read a series of wholesale lending credit agreements to identify the primary agreement and current terms Familiarity with wholesale lending documents such as credit agreement, credit memo, collateral documentation Experience of 1+ years of Loan Setup, Loan Servicing and Collateral management is added advantage.

    Familiarity with wholesale lending products such as term loans, revolvers, letters of credit etc. including knowledge about how the product works and typical structures Understanding of syndicated loan structures - agent bank, participant, etc.

    Understanding of fronting loans Familiarly with wholesale lending hierarchy - obligor, deal, facilities Familiarity with wholesale lending terminology e.

    g. obligor, effective date, index rate, spread, syndication flag, collateral value Strong English language reading comprehension and written skills Ability to work in fast paced environment

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