Total Compensation is targeted at ~$150K - ~$190K.  To be determined based on candidate's credentials, experiences, and potential value to the department / firm. 

Position can be based in either midtown NYC or Los Angeles, and will have a hybrid work schedule.

Operations Associate (Bank Loan and CLO Operations) 

Position Overview

Our client is a global investment firm (~$17bil 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 are seeking to hire an Operations Professional to join their organization during an exciting time of transformation and growth.  This position will offer excellent growth opportunities and exposure to all areas of a dynamic firm.   

The Operations Associate will work as a member of the Operations team on all aspects of monitoring the investment portfolios managed by the firm, and will be expected to contribute substantially to trading operations by proactively working with technology, back office, and external vendors to improve the trade capture process and automate where possible and ensure scalability.

Responsibilities will include (but not be limited to):

Day to day responsibilities will include, but not be limited to investigating trade and position breaks, working with counterparties, analyzing corporate actions, and assisting with booking and managing trade cycle events related to a broad range of public and private alternative asset investments, including syndicated loans, CLO portfolios, and private credit. This position will offer a high level of responsibility and engagement for a motivated professional.

Key Responsibilities

• Monitor trade capture of all syndicated and private loan securities using ClearPar and other loan processing tools
• Review and manage the process of new loans through funding and loan administration
• CLO Monthly and Quarterly trustee reporting and reconciliation
• Assist in trade life cycle events related to private and structured asset investments, including complex SPV structures, restructurings, reorganizations, securitizations, and other transactions related to asset servicing

Review daily cash and position reconciliations

• Monitor daily cash reconciliations for any cash reconciling items to ensure up-to-date cash balances for funds managed by the firm
• Monitor daily position reconciliations for any position related differences to ensure accuracy of internal reporting and Order Management System
• Address inquiries related to cash and positions from the investment team and service providers promptly and effectively

Review and work closely with senior team members to manage the syndicated and private debt portfolios

• Develop a sound understanding of the firm’s bank loan closing process and future pipeline of private deals
• 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

Look for opportunities to improve and add-value to an ever-changing operating support model.

• Drive change through collaborating with teams and resources to facilitate the ongoing development of a best-in-class operating support model of internal and outsourced middle and back office.
• Manage third party vendor relationships and oversee all outsourced operational service providers to improve trade capture, confirmation, and settlement, data integrity, trade life cycle events, and P&L reporting.

Qualifications

• Undergraduate degree with a track record of strong academic performance
• 4-7 years of experience
• High Yield/Credit hedge fund background preferred with solid product knowledge of credit products
• Detailed and strong data analysis and Excel skills.
• Demonstrated ability to resolve complicated issues
• Experience or Knowledge with EZE OMS, Geneva, Hazeltree, GoLoans, Solvas, and/or WSO a plus