Bank Loan Operations Senior Associate - Tandym
Manhattan, NY
About the Job
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
Source : Tandym