Bachelor’s degree/equivalent work experience, including exposure to basic accounting course work
Minimum of 3 years of fund accounting experience with bank loans
Exposure to multiple types of mutual funds (e.g., fixed income, equity, multi-class, etc.)
Basic understanding of all aspects of loan or deal administration functions
Proven knowledge of the Bank Debt asset class, including Primary and Secondary market trading
Ability to deep-dive into major responsibilities, reconcile variances and develop qualitative/quantitative explanations to concisely summarize results
Knowledge with Wall Street Office web application
Strong verbal and written communication skills
Excellent organizational skills with ability to set priorities and manage multiple projects
Strong analytical skills
Personal computer skills (spreadsheets, word processing, and database applications)
Ability to work under pressure
Excellent interpersonal skills
The person who secures this role will:
Provide oversight of bank loans life cycle events including Paydown/Drawdown, Interest rate resets, PIK interest calculations, Delayed Comp accruals / calculations & Trade settlements
Independently analyze, prioritize, and resolve issues impacting accuracy of bank loan positions and processes
Coordinate between custodian and agent banks and fund administrators to drive resolution of these issues
Responsible for communicating and supporting various internal groups, Investments, Trading, Compliance etc within the organization regarding all aspects of Bank Loans operations
Work closely with clients, Custodians and Fund Administrators to resolve cash and position queries and providing first level account service
Develop procedures for new functionalities for bank loan process
Provide analysis and recommendations to improve efficiency, reduce risk of monetary loss to funds, and lower costs
Compile Agent bank contact information and prepare year-end Bank Loan confirmations
In the absence of Manager, make decisions for the Bank loan team
Train and provide daily guidance to the Bank Loan Analyst
Participate as a Subject Matter Expert in Department and or Companywide strategic projects aimed to increase operational efficiency and improve workflow throughout Investment Operations environment