Total Compensation is targeted at $115K - $130K, to be determined based on candidate's credentials, experiences, and potential value to the department / firm.
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Operations Associate
Our client is a global investment firm (~$15bil AUM) specializing in credit-related investments. The firm offers specialized funds and customized managed accounts with diverse return objectives. The firm offers a high yield, bank loans, distressed debt, securitized credit, equities, and shorts/hedges. Currently, they seek to hire an Operations Associate for their growing team.
Position Overview
The Operations Associate will work as a senior member on the Operations team on all aspects of monitoring the investment portfolios managed by the firm. The Associate is expected to contribute substantially to trading operations by handling trade processing, investigating trade, cash, and position breaks, and assisting with validating and reviewing all trade cycle details related to equities, corporate bonds, bank loans, derivatives, and private transactions. This position will offer a high level of responsibility and engagement for a motivated professional.
Key Responsibilities
Manage the trade settlement process for all fixed income securities, with an emphasis around private equity and private structured debt related securities
- Monitor the daily life of a trade of all traded securities
- Review and manage the process of a new loans through funding and subsequent loan administration
- Liaise between portfolio managers, analysts, legal, tax, and accounting to ensure all booking details are confirmed and finalized for accurate tracking of all investments
- Respond to any trade and cash related questions from service providers and trade desk
Review daily cash and position reconciliations
- Monitor daily cash reconciliations for any cash reconciling items to ensure up-to-date cash balances for all funds and accounts managed by the firm
- Monitor daily position reconciliations for any position related differences to ensure accuracy of internal reporting and Order Management System
- Respond to any trade and cash related questions from service providers and trade desk
Review and work closely with senior team members to manage the private equity, private and structured debt portfolio
- Develop a sound understanding of firm processes and future pipeline
- Prepare daily reports, and track the pipeline of current and future investment opportunities
- Manage and communicate with third party accounting and fund administration teams to ensure proper booking and processing of all deals
- Maintain detailed procedures and process controls for current and future deal flow
Qualifications
- Undergraduate degree with a track record of strong academic performance
- 2-5 years of experience in accounting, hedge fund administration, valuation or finance
- High Yield/Credit hedge fund background preferred with solid product knowledge including Syndicated and Private Credit
- Detailed and strong data analysis and Excel skills.
- Excellent interpersonal skills in both the written and verbal form
- Demonstrated ability to resolve complicated issues and to advance multifaceted projects
- Highly organized and detail-oriented
- Persistent and self-motivated
- Interest in hedge fund operations as a career