The client, a global investment management firm that seeks to generate attractive risk adjusted, consistent and uncorrelated returns by employing a fundamentals based, asset-oriented financing and investing strategy across the entire credit spectrum in areas where conventional sources of capital are scarce. They specialize in off-the-run, stressed, distressed, illiquid and esoteric special situation transactions through originations and acquisitions of asset-oriented investments across a wide array of asset types (including but not limited to private direct corporate credit, commercial real estate bridge lending, and commercial and consumer assets). The client is an affiliated Special Servicer, who provide mid and back office services, including asset management, to Investors. They are looking to expand the Operations team, through the addition of a Senior Associate. The Senior Associate will be focusing on internal loan administration. In this role, this individual will be exposed to each step in the origination life cycle of private and syndicated loans and other structured financing arrangements. Ideal candidates will be self-motivated, resourceful, and able to work effectively with all internal functional groups.
Responsibilities:
• Participate in initial discussions around structuring legal entities to support joint venture structures
• Assist in the compilation, inputting and monitoring of static data within internal and external systems
• Assist with the administration of loans on which serves as agent, including coordination with borrowers regarding interest and principal payments, draw downs and deal amendments
• Manage the daily administration of the portfolio within the internally developed Loan Management System (LMS)
• Support the deal funding process, including managing cash balances, cash forecasts and closing wire transfers
• Manage the documentation process surrounding all deals within internal systems and at external service providers
• Monitor, and assist with, identifying and reconciling all cash activity within loan specific external cash accounts. Daily reconciliation of the Fund Administrator Loan Administration activity
• Daily reconciliation of the Fund Administrator Loan Administration activity
• Coordination with board and registered office on board meetings and regulatory management of the Irish 110 vehicles, including background on investments and PPN execution and oversight
Qualifications:
The individual will have demonstrated an ability to work in a fast-paced, performance-driven environment with an ability to think broadly about the business, incorporating continual improvement of processes and procedures with a goal of excellence while focusing on accuracy and efficiency.
• Bachelor’s degree from a top university, ideally in a quantitative area (e.g., finance, economics, accounting)
• 5+ years of direct experience in loan administration and/or agency at a securities or investment firm
• Excellent Microsoft Excel (VBA a plus) and writing skills
• Experience with private credit loan origination a plus
• Wall Street Office (WSO), Loan IQ or equivalent system experience a plus
• The highest level of personal integrity and ethical standards
• A positive attitude, strong work ethic and a desire to work collaboratively across the organization
• Ability to communicate at a high level
• Strong attention to detail
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