Associate, CLO

Crescent Capital Group

$135K — $155K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3-6 years of CLO operations experience from relevant financial institutions
  • Strong understanding of CLO and bank loan products
  • Ability to interpret CLO governing documents and Credit Facilities
  • Familiarity with CLO compliance modules like Solvas or Wall Street Office
  • Proficient in Microsoft Excel with large dataset manipulation skills
  • Effective verbal and written communication abilities
  • Team-oriented, demonstrating professionalism and integrity
  • Intellectually curious and self-motivated

Responsibilities

  • Conduct monthly and quarterly deal reporting, including CLO Trustee report reconciliation
  • Assist the trading desk in resolving position breaks with the CLO administrator
  • Perform pro-forma hypothetical trade testing for CLOs while addressing potential test failures
  • Manage effective date reporting and closing date processes for new CLOs
  • Maintain the proprietary excel-based portfolio management tool with timely updates
  • Update and maintain regular portfolio analytics for internal stakeholders
  • Provide ad-hoc analytics to address investor inquiries

Benefits

  • Collaborative work environment within an established $6bn CLO platform
  • Opportunities for growth within the Capital Markets team
  • Access to proprietary tools and advanced analytics
  • Work in a team that values maturity, integrity, and professionalism
  • Engagement in intellectually stimulating tasks with strong learning opportunities
Full Job Description
Crescent Capital Group is seeking an experienced candidate to join the Capital Markets group as an Associate for the CLO Management business. The candidate will join an established $6bn CLO platform with a collaborative team focused on growing the business. Responsibilities: • Monthly / Quarterly Deal Reporting. Conduct review and reconciliation of monthly CLO Trustee reports and quarterly waterfalls • Breaks Management. Assist trading desk to resolve position breaks with outsourced CLO administrator • Trade Testing. Perform pro-forma hypothetical trade testing for CLOs, while proactively raising issues / possible test failures • Effective Date & Closing Date Process. Manage effective date reporting and closing date tie-out process for new CLOs • Maintenance of Portfolio Management Tool. Maintain proprietary excel-based portfolio management tool, including updating on a daily / weekly basis to account for new loan allocations, trading activity, rating/price movements, etc • Internal Reporting. Update and maintain weekly / monthly / quarterly portfolio statistics and analytics that are provided to portfolio managers, CLO structuring professionals, and traders • Ad-Hoc Investor Analysis. Provide periodic portfolio analytics to address investor questions and/or information requests Qualifications & Skills: • 3-6 years of CLO operations experience, ideally from a collateral manager, auditor, trustee, or investment bank • Strong CLO and bank loan product knowledge • Ability to interpret governing documents for CLOs and Credit Facilities • Experience with CLO compliance modules (Solvas/CDO Suite, Wall Street Office, etc.) • Strong Microsoft Excel skills, including the ability to manipulate large datasets • Solid verbal and written communication skills • Team player who demonstrates maturity, integrity, and professionalism • Intellectually curious, highly collaborative, and intrinsically self-motivated Benefits: • The US base salary range for this full-time position is $135,000-$155,000 • Crescent's salary ranges are determined by role, duration of direct experience, and internal and external pay equity considerations

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