Loan Operations & Financing Loan Operations & Financing …

in London, United Kingdom
Permanent, Full time
Last application, 08 Apr 21
£65,000 - 85,000 + Bonus & Benefits
in London, United Kingdom
Permanent, Full time
Last application, 08 Apr 21
£65,000 - 85,000 + Bonus & Benefits
Our client is a leading credit fund with billions invested across different credit strategies including - Direct Lending, Structured Credit, CLO's and Special Situations. They are currently looking to hire a middle office associate for their team to be based in London.

Specific responsibilities include but are not limited to:
 Bi-monthly dealing date NAV reconciliation (P&L, accruals, management fees, expenses) with fund administrators for liquid loan comingled funds. Including calculation and review of fund returns, attribution and contribution performance analysis vs benchmarks, asset, investor and fund IRRs
 Point liaison with fund administrators, working closely with Fund Accounting team to navigate through Day 1 (cash, positions, market value reconciliations), Day 2 (P&L and fund returns) and Day 3 (NAV sign-off).
 Managing subscription and redemption process with fund administrators
 Monthly investor periodic reporting and distributions calculations
 Maintenance of investment guidelines within portfolio management systems (via Everest Compliance)
 Working with Markit to complete LMA and LSTA loan documentation to ensure transactions are closed and settled accurately and within deadlines, including reviewing senior credit / intercreditor agreements to ensure compliance with transfer, tax, regulatory and eligibility criteria
 Trade and security entry into portfolio management system (Everest), VPM and Wall Street Office (WSO)
 Processing coupon / interest / principal / corporate action activity on underlying portfolio positions
 High yield bond settlements via Euroclear/Clearstream/DTCC
 Ad-hoc special projects as requested by portfolio managers and other internal groups
 Routine interaction with corporate service providers, trustees and administrators
 Building strong relationships with counterparties, corporate service providers, trustees and administrators
Candidate Profile
 Ideally graduate with a bachelor’s degree in a finance or an accounting discipline
 Fund controller / Fund operations experience necessary
 CLO experience desirable, but not essential
 Understanding and familiarity of loan settlement and loan documentation (LMA / LSTA, knowledge of lender / tax status applied in loan transfer documentation) preferable
 Help with operational issues and providing solutions
 Can build awareness of industry initiatives and market trends that can impact the business
 Assist more senior team members in improving operational efficiency
 Manage projects, multi-task and prioritise
 Positive attitude and ability to work under pressure
 Strong Microsoft Office knowledge (particularly Excel)
 VPM, Wall Street Office, Clearpar, Allvue Everest, and Bloomberg knowledge
 PowerBI experience preferable
 Experience with other fixed income products - bonds and ABS securities preferable

More Jobs Like This
See more jobs