Specialist - Middle Office Investment Operations - LanceSoft Inc
Andover, MA 00000
About the Job
Pay rate: $25- $28/hr on W2
Title - Specialist - Middle Office Investment Operations
Location: Andevor, MA Hybrid
Duration: 6 months with TTH
Position summary:
The goal of a Middle Office Specialist is to oversee Trade Settlement client relationships. Provide excellent customer service and loan settlement services to our growing client base while adhering to strict deadlines and targets given. The position offers exposure to external industry entities such as portfolio managers, custodians, and agent banks.
Duties and accountabilities: • Oversee client portfolio(s)/Agency trades in our loan Trade Closing outsourcing services • Proactively manage and effectively communicate with internal and external clients • Manage counterparty's expectations to receive and review primary/secondary par and distressed trade documentation • Coordinate trade closings among clients, counterparties, and agents – may include coordination with legal counsel for distressed and/or participations • Review trade documents, including trade confirm, assignment agreements, and funding memos for discrepancies prior to settlement including using third-party systems • Manage outstanding trades and maintain comments per client expectation • Deliver closing packets to custodians and clients before the stated deadlines Education and experience: • Knowledge of par and distressed loans and the documentation • Knowledge of trade fee calculations • Ability to read and interpret credit agreements • Experience with daily loan transactions • Exposure to ClearPar/VTS/Markit WSO systems a plus
Education and experience:
BA or BS BA / BS or equivalent work experience in the financial field Commercial awareness
Requirements:
- 3 - 5 yrs. of syndicated bank loan settlement / management experience preferable
- Excellent attention to detail
- Strong work ethic
- Takes initiative and ownership of job responsibilities
- Must be able to perform job duties accurately and timely
- Must adhere to deadlines and targets given
- Strong customer service skills
Communication:
- Strong verbal and written communications skills
- Prepare various reports and metrics needed by internal management or special client requests
Teamwork:
- Must be able to work well with others in a team environment
- Assist other WSO groups during quarter-end or other high-volume periods
Title - Specialist - Middle Office Investment Operations
Location: Andevor, MA Hybrid
Duration: 6 months with TTH
Position summary:
The goal of a Middle Office Specialist is to oversee Trade Settlement client relationships. Provide excellent customer service and loan settlement services to our growing client base while adhering to strict deadlines and targets given. The position offers exposure to external industry entities such as portfolio managers, custodians, and agent banks.
Duties and accountabilities: • Oversee client portfolio(s)/Agency trades in our loan Trade Closing outsourcing services • Proactively manage and effectively communicate with internal and external clients • Manage counterparty's expectations to receive and review primary/secondary par and distressed trade documentation • Coordinate trade closings among clients, counterparties, and agents – may include coordination with legal counsel for distressed and/or participations • Review trade documents, including trade confirm, assignment agreements, and funding memos for discrepancies prior to settlement including using third-party systems • Manage outstanding trades and maintain comments per client expectation • Deliver closing packets to custodians and clients before the stated deadlines Education and experience: • Knowledge of par and distressed loans and the documentation • Knowledge of trade fee calculations • Ability to read and interpret credit agreements • Experience with daily loan transactions • Exposure to ClearPar/VTS/Markit WSO systems a plus
Education and experience:
BA or BS BA / BS or equivalent work experience in the financial field Commercial awareness
Requirements:
- 3 - 5 yrs. of syndicated bank loan settlement / management experience preferable
- Excellent attention to detail
- Strong work ethic
- Takes initiative and ownership of job responsibilities
- Must be able to perform job duties accurately and timely
- Must adhere to deadlines and targets given
- Strong customer service skills
Communication:
- Strong verbal and written communications skills
- Prepare various reports and metrics needed by internal management or special client requests
Teamwork:
- Must be able to work well with others in a team environment
- Assist other WSO groups during quarter-end or other high-volume periods
Source : LanceSoft Inc