Credit Operations/Loan Closer-12611

Credit Operations/Loan Closer-12611

  • Operations
  • New York

Company Info: Special situations asset management firm with more than $2 billion of capital under management based in New York, NY.


  • Loan closing functions, such as maintaining internal loan closing tracker
  • Coordinate loan closing documentation and liase with external counsel and counterparties, computation of cost of carry and delayed compensation for any applicable settlements. Collaborate with counterparties to ensure timely settlement of trades
  • Loan servicing functions, such as monitoring amendments, assignments, terminations, drawdowns, rollovers, resets, L/C draws, commitment increases and reductions, ROC, interest, principal, fees, skims, etc. over the life of the investments. Ensure all positions and events are properly recorded in internal reporting system
  • Perform/Oversight of daily cash and position reconciliations. Coordinate with the Firm’s Custodians, Prime Brokers, Executing Brokers and Fund Administrator to rectify and position, trade or cash breaks
  • Execute treasury management functions such as Fund cash monitoring and forecasting, monitoring margin balance and foreign currency exposures; analyze broker financing calculations including debit/credit balance and short rebate charges as applicable
  • Work closely with deal professionals and traders on credit specific events and information
  • Coordinate KYC for the firm’s funds and accounts with new and existing counterparty relationships during onboarding and refresh processes
  • Perform ad-hoc projects and requests
  • Assist in coordination of regulatory filings
  • Participate in initiatives related to business development and reporting


  • 2-5 years of experience
  • Excellent interpersonal skills and an ability to be a strong team player operating in a dynamic and results-driven environment including working across multiple time-zones
  • Bachelor’s degree with strong academic record
  • 2+years of operations experience in the investment management / fund industry
  • proven organizational and time-management skills
  • Understanding of syndicated loans including trade closing mechanics and economics, LMA/ LSTA market settlement conventions, Credit Agreements and their operational mechanics (i.e. funds flows, ticking fees, paydowns, drawdowns, Affiliate language etc.) is critical to the role
  • Self-starter


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