Our client is hiring an Associate to join their team, in NY! The Direct Lending Operations team supports all middle-office functions of our Private Credit business including but not limited to deal closings, portfolio management support, portfolio transactions/ trade settlement & execution, investors services, capital calls/distributions, reporting, payments and reconciliation. This is a hybrid position requring 3-4 days in office.
Job Description:Compensation : $ 100000
Job ID : 38802
Job Function: - Close deals and manage execution processes.
- Draft assignments and coordinate with counterparties and agents to ensure timely settlement.
- Escalate and resolve any positional or payment discrepancies daily.
- Collaborate with third-party administrators and custodians to maintain accurate portfolio data and reconcile payments.
- Assist with monthly and quarterly reporting for commingled funds, BDCs, SMAs, and CLOs.
- Support various internal teams with ad hoc requests as needed.
- Drive improvements to enhance operational efficiency across all functions.
Job Requirements:Job Requirements: - Bachelor's degree in Finance, Accounting, Economics, or a related business field.
- 3 - 7 years of experience in loan or credit operations.
- Experience in buyside private credit or direct lending operations is highly preferred.
- Knowledge of loan products and familiarity with IVP, Clearpar, Black Mountain Everest, Nexen, and CorPro is a plus.
- Experience with leveraged facility borrowing and/or CLO compliance and administration is advantageous.
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38802
