Private Investment Operations Portfolio Associate, CLOs

About the role

Private Investment Operations Associate, CLOs.

Responsibilities

• Manages all operational aspects of launching and closing CLO warehouses including funding requests, review of flow of funds reports and related documentation, performing asset transfers, and coordinating closings with the trustee, clients, and other involved parties.
• Analyzes and interprets CLO indentures to validate CLO compliance testing, monitors and reconciles loan characteristics to compliance tests to ensure indenture and regulatory compliance, and produces trustee reports.
• Performs detailed reconciliations of CLO portfolio cash/holdings and CLO asset attributes to CLO trustee.
• Supports various CLO accounting activities including monitoring of expense invoices, calculation of management and trustee fees, and performing detailed analyses of waterfalls and cash flow distributions.
• Prepares client reports.
• Responds to client and investment manager inquiries in a timely, complete, and accurate manner.
• Effectively and efficiently coordinates new project/activity related work.
• Promotes continual process improvement by identifying, recommending, and implementing change and automation.
• Works collaboratively with other Private Investment Operations team members.
• Mentors and cross-trains others on CLO portfolio level reporting and other responsibilities.
• Mentors/oversees junior Portfolio Analyst execution of CLO responsibilities.
• Provides additional operational support where and when needed.
• Participates in and provides cross training with the Public Securities Operations team on an ad-hoc basis.

Qualifications

• Bachelor's Degree, preferably in Accounting, Finance, Economics, Marketing or a related discipline, required.
• 3+ years of practical experience in CLO asset classes and Custodial/Trustee service requirements required.
• Extensive experience with operational processes involved in launching and closing CLO warehouses required.
• Extensive experience in preparing accurate and timely reports, analysis, and presentations for management and clients required.
• Experience in syndicated bank loan LSTA trade and settlement documentation, and the Clearpar Platform preferred.
• Additional credentials or progress toward an advanced degree or chartered industry designation (i.e., CFA, CPA, etc.) preferred.