Summary
The successful candidate will work closely with management to take on day to day communication with counterparties, service providers, counterparties, admin agents to resolve issues related to trading. The role will include light cash management, collaboration on warehouse financing in line with asset cash deployment, metrics to measure and manage our operation, and weekly KPI communication to ensure execution is within an Operational Risk framework.
Company Information:
Alternative asset manager.
Job Description:
This role will include exposure and communication to our middle and front office with a core focus on management of our Service Providers and collaborating internally to build out a Closing Center of Excellence with objective to impact up and downstream communication related to the trading and closing of Broadly Syndicated Loans firm wide. This candidate should be equipped to handle loans firm-wide across products to meet reporting and payment obligations of our products. Core Focus will be LSTA Broadly Syndicated Loans.
Requirements / Qualifications:
- Undergraduate degree
- 3-5 years of experience in Credit Operations – core focus on LSTA Loan Closing
- Experience with Order Management systems, trade entry, and trade blotter communication
- Experience with Allocation management and calculation when necessary
- Knowledge and experience of the LSTA Document Suite: Par / Distressed Trade Confirmations, Assignment Agreements, Pricing Letter, Funding Memos, Participations; Knowledge on the Standard Terms and Conditions.
- Exception management, trade adjustments
- Knowledge of Loan Mechanics – Monthly and Quarter end amortization, interest payments, fees, and required updates of positions to foster settlement
- Deep knowledge of the Settlement process: Borrower’s Consent (required vs deemed), transfer and hold minimums, fees, Third Party Agents
- Deep knowledge of Clearpar, utilization of clearpar reporting, and settlement requirements
- LSTA Calculation requirements, ability to calculate in excel final funding to check or switch to manual off-clearpar settlement if required.
- Product knowledge, particularly CLO Closes / Resets and required movements of Loans
- Knowledge of Primary & Secondary LSTA Market mechanics and requirements
