Role SummaryThe Senior Associate will be responsible for executing and supporting operational activities within the private credit deal lifecycle, and will have a strong understanding of the processes, documentation, data management, and counterparty communication required to execute transactions and administer assets post-close. The candidate will work closely with investment professionals, legal and compliance, accounting and tax, technology, and reporting teams.
Responsibilities- Act as a key member of a dedicated middle office team that serves as a hub for private deals and facilitates private deal closing activities
- Coordinate with internal stakeholders and external counterparties to ensure accurate and efficient deal fundings, asset set up, investment monitoring and reporting accuracy
- Review private deal pipeline on a regular basis to ensure that all deals are tracked in a timely manner
- Analyze legal documents, such as credit agreements and fee letters, to identify critical terms for each private deal
- Assist in managing all banking, custodian and facility relationships across the credit platform
- Oversee outside stakeholder reporting and communication with banks, rating agencies, co-investors, auditors, or other parties
- Develop a complete understanding of the roles and responsibilities, systems and processes across each internal functional group, and serve as a central point of contact between the Investment Team and the back office.
- Partner with investment professionals, outside and internal counsel, tax, accounting and compliance professionals to ensure good cross-functional communication and coordination throughout the investment process.
- Participate in developing and documenting operational policies, procedures and controls
- Ensure proper operational procedures and controls are followed and maintained, with appropriate escalation to stakeholders
- Support document management for private credit deals
- Analyze process issues and bottlenecks to make improvements
- Assist in process improvements and automation as well as the development of longer-term systemic solutions
Qualifications- 4-5 years of relevant experience working in an operations capacity at an asset management company, investment bank or other financial services company
- 1+ years of experience in private credit investment operations and middle-office support, including experience reviewing private credit documents (credit agreements, amendments, etc.) for key terms, data points and operational nuances
- Strong knowledge of private credit fund concepts across a range of strategies, including corporate direct lending. Extensive knowledge of BSL market is a plus.
- Strong knowledge of general finance, process documentation and cross functional operations
- Solid analytical skills and ability to understand and resolve complex problems
- Proficient in Microsoft Office with strong working knowledge of Microsoft Excel
- Proven ability to manage tasks with competing priorities and deadlines, while independently driving projects to completion
Personal Attributes- Outstanding organization skills with extremely high attention to detail;
- Outstanding initiative and a strong work ethic;
- Responsible with a strong sense of dedication;
- Excellent interpersonal, verbal and written communication skills;
- Works well under pressure and with time constraints; and
- Possesses strong integrity and professionalism.
EducationA Bachelor's degree relevant to position, a Master's degree a plus
Base Salary Range$145,000 - $165,000
In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives, a comprehensive benefits package and a flexible work arrangement. The base salary offered will be commensurate with experience and/or qualifications, industry knowledge and expertise, as well as prior training and education.
