Alternatives and Loans Operations Manager - Vice President/Director Alternatives and Loans Operations Manager - Vice  …

BlackRock
in New York, NY
Permanent, Full time
Be the first to apply
Competitive
BlackRock
in New York, NY
Permanent, Full time
Be the first to apply
Competitive
Alternatives and Loans Operations Manager - Vice President/Director
Description

About this role

Team Overview

This team is part of the Global Loan and Alternative Services team within Business Operations.

Role Responsibility

  • Demonstrate product and functional knowledge of the loan, private/direct lending business and fixed income markets in order to partner with the business and trading counterparties.

  • Lead the settlement process of direct lending and/or private debt and become an escalation point for clients and the team with regards to the investments, fundings, and documentation matters.

  • Commercial focus and project minded in driving process improvements, scalable solutions and oversee risk mitigation.

  • Participate in fund launches and coordinate with clients in the education of the credit markets and the team's operating model

  • Provide metrics reporting and work with the various teams to document and communicate strategic initiatives

  • Investigate and resolve closing and transactional issues and communicate all issues timely.

  • Maintenance of investment post settlement by overseeing cash management, such as principal and interest, distributions via structuring entities, in addition to position accuracy and any other lifecycle events.

  • Proficiency of vendor systems including, but not limited to, Wall Street Office, Advent Geneva and Clear Par.

  • Gain understanding of all applicable portfolios and deal related documentation to ensure controls and adherence to guidelines.

  • Collaborate closely with Administrative Agents, Borrowers and Legal with regards to KYC documentation, including administrative details, tax and fund formation documents.

  • Understand the maintenance and distribution of loan documentation including private and public amendments/ restructures and voting requirements with settled and trade date positions.


Experience

  • Preferably 10+ years' experience in asset management including loan, private/direct lending business

  • Familiarity with the with credit strategies, private and registered funds, separate accounts and various types of investors

  • Experience in managing a team is preferred

  • Proficient in a high pace environment with large volume and high-risk transactions with a low tolerance for error.

  • Works independently or in a team environment and actively seek additional responsibilities.

  • Highly proficient in Excel; knowledge of WSO and Advent Geneva a plus

  • Outstanding academic achievement, broad based work experience, and demonstrated leadership experience

  • Financial degree required

  • Excellent communication and client service skills

  • Above all, the candidate must possess initiative and a willingness to contribute beyond the scope of one's role to achieve team and firm objectives.


Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children's educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment - the one we make in our employees. It's why we're dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.
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