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Loan Operations Associate-12602

Loan Operations Associate-12602

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  • Operations
  • New York

Company Info: Leading alternative investment firm with more than $20 billion of equity capital under management based in New York, NY

Responsibilities:

  • Monitoring and maintaining in team environment debt portfolio including CLOs, long only, hedge fund type accounts and separately managed accounts

Specific activities include but are not limited to:

  • Process and maintain system accuracy in relation to interest payments, contract rollovers, paydowns, PIK’s, drawdowns and restructures.
  • Resolve discrepancies as arise with Administrative Agent Bank
  • Prepare and reconcile quarterly CLO P&I reconciliations
  • Interact with Trustees as necessary to resolve discrepancies
  • Establish and maintain professional relationship with Agent Banks, Trustees and Administrators
  • Monitor daily cash reconciliations for 50 + accounts in both US and FX
  • Monitoring monthly positions w/Trustees and Administrators to insure activity recorded accurately
  • Monitor participations/collateral payments.
  • Ability to review and understand underlying documents (Agent notices, Loan Agreements)
  • Work in a team environment and provide back up as necessary
  • Ensure professionalism and accuracy of all internal and external activity
  • Miscellaneous projects as required
  • Assist in periodic system upgrades

Qualifications:

  • Minimum 2 years of applicable experience required, at a financial institution (hedge fund or investment bank), a plus
  • Bachelor’s degree
  • Proficiency with MS Office applications – Word, Excel, and Outlook
  • WSO, VPM, STaARS experience a plus
  • Self-motivated, proactive, and works well under pressure
  • Highly organized and detail oriented
  • Strong communication (oral and written), relationship-building, and interpersonal skills
  • Ability to work independently, multi-task as well as collaborate with other operational staff
  • Very good analytical and problem solving skills and a strong desire to resolve issues as they occur

System knowledge of the below is preferred:

  • VPM (Accounting System), WSO (Loan Administration and Data), STaARS (Reconciliation)

12602

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