Director of Operations – Credit 12162

Director of Operations – Credit 12162

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  • Operations
  • New York
  • Posted 3 weeks ago

Director of Operations – Credit

 

Company Info: Leading alternative investment firm with more than $40 billion in assets under management based in New York. This role is working on their newly formed credit hedge fund business.

 

Responsibilities:

 

  • Manage internal Portfolio System to ensure accurate reporting to Investment Team in relation to interest payments, contract rollovers, paydowns, PIK’s, drawdowns and restructures
  • Support front/back office by generating reports and supplying portfolio information to Investment Team
  • Generate daily/weekly portfolio and position reports and ad hoc analyses
  • Track Agency notices and track upcoming interest and principal payments
  • Review and understand underlying Credit Agreements
  • Monitor deal closings, recalculate funds flows and prepare deal closing packages and checklists
  • Systematically track the status of deals in the pipeline
  • Monitor trade settlements – direct loans, secondary bank debt & bond settlements
  • Monitor loan participations/collateral payments
  • Manage fund’s treasury function including liquidity, Proforma cash balances and deal commitments
  • Liaise with legal counsel on loan syndications and structuring
  • Follow up with counterparties and custodian to clear trade, cash and position breaks
  • Ensure investment allocations are correct and communicated on TD/Closing Date
  • Setup and monitor bank accounts and maintain relationships with third party vendors
  • Setup and monitor trading relationships and provide documentation to counterparties
  • Liaise with third-party valuation specialist, Investment team, and Finance team on quarterly valuations

 

Qualifications:

 

  • 8-12 years credit, lending operations experience
  • Suggested Background:
  • Bachelor’s degree in finance, accounting or related major
  • Knowledge of loans and debt securities
  • Experience with loan servicers and specialty finance SPVs
  • Knowledge of debt specific systems or applications
  • Suggested Competencies:
  • Ability to generate creative solutions to solve complex problems
  • Communicates well both verbally and in writing
  • Strong analytical and quantitative skills

 

12162

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