Bank Loan Middle Office Hedge Fund Associate
gibel associatesMundelein, IL
Bank Loan Middle Office Hedge Fund Associate
gibel associatesMundelein, IL
yesterday
Industries
Other Activities Related to Credit IntermediationInternational, Secondary Market, and All Other Nondepository Credit IntermediationInvestment Banking and Securities IntermediationAbout the role
Job Description:
Leading award winning New York based $Multi-Billion Alternative Investment Asset Manager, Credit Hedge Fund and CLO Issuer that is experiencing continued growth is seeking a “Bank Loan Closer – Middle Office Associate” with 2–5 years of relevant experience preferably acquired at a Hedge Fund or CLO Manager. This role offers end-to-end exposure to syndicated bank loan settlements, including Par and Distressed transactions, and involves close collaboration with trading, portfolio management, legal, compliance, and operations partners. This is an excellent opportunity to continue to learn, intern, and grow in a professional and growth-oriented environment.
Responsibilities:
- Full ownership of all bank loan settlements based on the assigned issuers including Par/Distressed loan closing life-cycle of trades including new asset set-up, settlements, reconciliations in a high-volume environment
- Interact with internal groups (Accounting, Traders, Portfolio Managers, Legal, Compliance), outside legal counsel, administrators, and custodian banks.
- Perform data integrity checks and reconciliations
- Review legal documentation Trade Confirmation, Assignment and Assumption Agreement, Proceeds letter, Multilateral Agreement, and Funding MemosChase counterparties for missing wires for trade cash breaks and confirm trade tickets from internal records
- Review settled cash alert reports and provide status to traders/portfolio managers
- Work closely with the counterparty to coordinate all aspects of the loan process and escalate counterparty issues
- Maintain and update fund details on ClearParUnderstand LSTA and LMA guidelines, syndicated loan closing, settlement and related documentation including working with Assignment & Acceptance agreements and Purchase and Sale Agreements
- Experience with settling non-USD loans and revolving commitments
Qualifications:
- A minimum of 2-5 years of related hands-on loan closing, loan servicing, settlements, trade support, and middle office experience preferably acquired at a Hedge Fund or CLO Manager or Fund Administrator
- Excellent communications skills with strong Excel and technology skills desired
- Knowledge of bank loan operations
- Experience with structured products/leveraged loan structure CLOs, Distressed, High Yield, Leveraged Loans, Private Debt
- Experience with ClearPar, Wall Street Office (WSO), Everest/Black Mountain preferred
- Knowledge of CLO Funds / Fund Structures / Compliance
Excellent Base Salary Benefits and BonusOur client is a prestigious world class Investment Asset Manager, Hedge Fund and CLO Issuer with a global presence, an excellent track record, and a history of rewarding employees with growth, opportunity, and stability. This position offers excellent professional growth and a rewarding collaborative work environment. EOE.
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JOB OVERVIEW
Experience level
Senior
Location
Mundelein, IL
Occupation
Loan Officers
Industry
Other Activities Related to Credit Intermediation
Posted
yesterday
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