Loan Servicing Operations Associate

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Premiere Private Equity Fund is seeking a Loan Servicing Operations Associate!

Company Information:
  • Premiere $50B AUM Private Equity Fund

Job Description:
  • Working closely with deal professionals, auditors, borrowers, lenders, participants, trustees,
    legal teams, tax, treasury, and accounting to provide highest standards of service through the
    full lifecycle of the security.
  • Analyze P&L, including realized and unrealized calculation, calculating FX P&L on foreign
    securities, interest accrual calculations as well as cost relief analysis.
  • Coordinate closing flow of funds, making sure there is available cash by fund for settlement and
    working with treasury to make sure all wires are executed.
  • Service agented and non-agented loans. Communicate in an appropriate and timely fashion with
    borrowers, participating lenders, and agents. Process all life-cycle activity of loans and related
    securities, including but not limited to purchase/sales, principal payments, interest rollovers,
  • Reading and understanding credit agreements and agent-generated activity notices.
  • Work with fund administrator to reconcile position and P&L breaks.
  • Perform daily book vs broker cash reconciliation.
  • Loan Settlements: Work with counsel in reviewing trade documents, pricing and work with
    counterparty on settlement date. Calculate cost of carry and delayed compensation for any
    delayed settlements.
  • Computing IRR calculations.

Requirements / Qualifications:
  • 3 to 5 years experience in Loan Operations and/or Accounting using Wall Street Office.
  • Familiar with WSO Administrator/Agent, VPM, ClearPar, SAP-Business Objects is a plus.
  • Excellent communications skills both verbal and written are needed as well as strong problem
    solving skills.
  • Attention to detail, organized, strong Excel skills, use of vlookups, if statements and pivots.
  • Can operate in a fast paced environment and is open minded to help improve processes.
  • Strong background and work experience in finance, private equity background is a plus.
  • Understanding of pro-rata, weighted average cost of paydowns.
  • Understanding P&L, Economic Benefit, Delayed Comp Fees, Par vs. Distressed Loans, PIK loans.
  • Understanding of upstreams vs. downstreams, trades inventory.
  • Exposure to TRS, Swaps

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