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ONCI · 2 months ago

Associate Director, Legal and Transaction Management

New York

Full-time

Onsite

Lead/Staff, Director/Executive

$200K/yr - $250K/yr

OakNorth is a company focused on reshaping the future of business lending in the US. They are seeking an In-House Banking and Finance Legal Transaction Execution Director to manage client relationships and oversee transaction execution as part of their US expansion.

CreditFinancial ServicesSoftware

Responsibilities

Instruct and manage external counsel on the drafting of finance documents to accurately reflect Credit approvals on all US transactions

Manage a number of transactions simultaneously and facilitate all conditions precedent to be satisfied taking a risk-based approach

Managing Paralegals and juniors to facilitate the execution of transactions simultaneously

Coordinate with borrowers, co-lenders and external third parties to deliver an execution product that delights customers

Work closely with Business Development, Credit, Operations, and Portfolio teams to structure and finalise deals, ensuring consistency with credit terms

Be proficient at transaction management to ensure that all standard operating procedures are complied with

Work with prospective borrowers to agree deal structures and advise the Business Development and Credit teams to ensure structures of deals comply with the terms of the credit sanction

Managing internal stakeholders to align with business targets

Build strong connections with customer and potential customers to develop lasting personal relationships

Ensure that Term Sheets are agreed in a time efficient manner for transactions to be commenced quickly

Advise as to US lending customs and practices

Assist with expanding the US lending platform per OakNorth’s conveyed strategy

Live all OakNorth values and be a culture carrier

Leverage GenAI tools to increase productivity and enhance decision-making processes within the role

Qualification

BankingFinance expertiseTransaction managementLegal document draftingStakeholder managementProject managementCommunication skillsInterpersonal skillsAttention to detailTeam playerFlexibility

Required

Experience of a wide range of banking and finance transactions, including real estate and structured finance facilities

Strong communication and interpersonal skills to build trusted relationships with Exco and senior stakeholders in the US and UK businesses

Ability to build trust and support Debt Finance originators at all stages of the process

Ability to work closely with wider teams including Operations, Portfolio Management, Customer Due Diligence, Credit and Finance teams

Passionate about delivering excellence in service and quality

High level attention to detail, project management and organizational ability

Outstanding legal and commercial banking expertise across multiple areas of finance (CRE, C&I and structured products including note on note financings)

Ability to understand and process information quickly and effectively

Ability to work outside of comfort zone and develop new areas of proficiency

Proactive and personal drive, results driven, team player and ability to be flexible across products and deals

Ability to succeed in a culture where change and speed are part of daily work

Benefits

401k plan with Principal (ON match up to 4%)

Medical Care (managed through Insperity) - employees can add their family to their plan if needed

Dental & Vision bundle

Insperity Health Savings Account Program - this is a tax-advantaged employee benefit which can help manage health care costs by allowing employees to set aside some of their current earnings on a pretax basis for reimbursement of qualified health care expenses during the plan year

EAP

20 days holiday

Company

ONCI

Glassdoor3.1

ONCI is a purpose-built commercial credit analysis platform that helps credit teams transform fragmented borrower data into strategic action and forward-looking control – giving them ownership of their data, metrics, and decisions.

Founded in 2015