MSIM - Private Credit- Finance Associate
Job Description
Preparing internal documentation and presentations, as necessary, including board approval presentations for new and amended transactions
Prepare and maintain borrowing base calculations and other monthly and quarterly lender reporting requirements (waterfalls, borrowing bases, compliance certificates, etc.) and ensuring accuracy and timeliness of all such reporting
Coordinate and assist in review of the monthly accounting close package from third party administrator
Detail review monthly/quarterly valuations models and inputs
Researching accounting issues and preparing technical accounting policy documents
Manage and review administrator deliverables to ensure accurate processing of activity, timely receipt of deliverables, accuracy of NAV reporting and financial statements, and accuracy of investor notices and reporting
Coordinate asset level approval with MSPC’s asset based lenders in advance of putting assets into SPV financing vehicles
Liaise with the MSPC deal teams to address any follow up questions or data requests that come from lenders
Liaise with MSPC finance team to explain accounting implications of new or amended financing arrangements on fund performance
Work with third party administrators, collateral agents, custodians to review monthly/quarterly waterfall, borrowing bases etc.
Work with the liability management team, fund lenders and auditors on Agreed Upon Procedure audits
Coordinate with fund operations on timing and availability of fund borrowings and repayments
Coordinate with rating agencies to obtain relevant issuer or portfolio company ratings or credit estimates
Review the tie-out of quarterly/annual financial statements and assist in implementation of new accounting requirements with auditors and administrators
Qualifications
- Bachelor's Degree; preferably in Finance, Accounting, or Economics
- 1-3 years of experience in financial industry (preferably in credit funds or at a lender that is providing asset level financing to a credit fund)
- Big 4 accounting firm background a plus
- Private Credit Funds experience a plus
- Strong computer skills (Microsoft Office, Adobe Acrobat) with advanced skill level in MS Excel
- Strong academic record with prior experience working in an analytical and team environment
- Ability to work independently with demonstrated strong time management skills
- Excellent communication, organizational, and problem-solving abilities
- High level of accountability and ability to effectively prioritize tasks