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Bank Loan Operations Senior Associate

2 months ago


New York, United States Tandym Group Full time
An asset management firm in New York City is seeking an experienced professional to join their team as a Bank Loan Operations Senior Associate.

Responsibilities:
  • Liaise with Third party servicer to ensure accuracy of all Bank Debt security type data points.
  • Analyze and maintain system accuracy in relation to interest payments, contract rollovers, paydowns, PIK's, drawdowns and restructures
  • Monitor participations/collateral payments
  • Reconcile and review P&I cash for select CLO/Warehouses on a quarterly basis, working with Trustees, Administrator to resolve differences
  • Work with external Counterparties, Agents, Trustees and Administrators to resolve trade settlement issues and/or ensure accuracy of positions
  • Monitor daily cash reconciliations and resolve discrepancies with external parties
  • Liase with Tax team and process cashless restructures in timely manner
  • Analyze and review CLO compliance tests for monthly report determination and waterfall distributions
  • Perform other duties
Qualifications:
  • Bachelors Degree
  • Seeking 5+ years in Bank Loan operations
  • Strong analytical and problem-solving skills
  • Able to understand the processes and financial instruments that generate the transaction types and positions that are reconciled and the controls around them
  • Self-motivated, proactive, and works well under pressure
  • Highly organized, detail oriented, ability to multi-task
  • Strong communication (oral and written), relationship-building, and interpersonal skills
Desired Skills:
  • Prior experience at hedge fund or investment bank
  • Major in Finance or Accounting