The Role
The Paralegal Analyst role, sitting with the Legal and Transaction Management Team, will have experience of banking and finance transactions and will work on a wide range of finance transactions, working directly with customers, managing lawyers, CPs and reviewing finance documents to deliver streamlined service for clients.
Responsibilities:
- Support senior members of the legal team – work with senior members of the legal team to execute transactions with speed and diligence by assisting with OakNorth’s CRM platform (nCino / Digital Lending), managing internal CPs and working with Debt Finance support to satisfy credit conditions.
- Review finance documents – review and provide comments on Term Sheets, Loan Agreements and security documents, whilst under the supervision of senior members of the team.
- Work with other departments – work with the Credit team to ensure credit sanctions are satisfied and the Operations team to ensure loans are booked correctly.
- Drafting amendment letters – draft amendment letters for review by senior members of the team.
- Review insurance policies – review and summarise insurance policies to ensure they comply with OakNorth’s insurance standards.
- Manage and lead all aspects of transactions – work directly with clients and external lawyers and the Debt Finance team to ensure that all conditions are satisfied, and all aspects of transactions are moving with momentum.
- Assist in the review of HoTs – work with Debt Finance directors on producing an initial term sheet/providing indicative terms by reviewing these alongside the conditions of sanction.
- Administration Tasks – obtain legal quotes, arrange team training events and arrange the signing of documents.
- Close Deals – work on pre-drawdown amendments, satisfy CPs needed to close deals and push deals to sign and fund.
- Liaise with the Portfolio Management team to facilitate drawdowns – work with the portfolio management team and the client to ensure the drawdown process occurs smoothly.
- nCino / Digital Lending Updates – update loan walls daily.
- AI Usage & Projects – assist the wider legal team on special projects to drive continued process improvement and help to embed the use of AI tools into existing tasks.
- Ad hoc Tasks – step up when impromptu tasks arise. Examples include reviewing and summarising key legal and market developments, work on key precedent documentation and enhancing internal processes.
Requirements:
- 1-2 years’ Paralegal experience in banking and finance.
- Ability to work cooperatively with all levels of staff in a rapidly changing, demanding, but ultimately rewarding environment.
- Drive to achieve a common goal (lend money, help businesses, and earn interest/fees!).
Benefits & Perks:
- Equity. We want people to have a stake in the business so that all our interests are aligned.
- 25 days holiday
- Personalized benefits – opt-in to what matters to you
- Subsidised Private Medical Insurance with Bupa
- Enhanced maternity and paternity leave
- Wellbeing and social events
- Support causes that matter to you – Volunteering time off
- Salary sacrifice schemes (Cycle to work, nursery, gym, electric car scheme)
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The Company
What We Do
Launched in 2015, OakNorth helps the UK’s most ambitious businesses access the fast, flexible finance they need to scale, while helping savers make their money go further. With funding ranging from £250,000 to tens of millions, we have lent billions to businesses across a whole range of sectors, performing among the top 1% of commercial banks globally. To date, OakNorth financing has helped create tens of thousands of new jobs and affordable homes.
