Senior Fund Accountant - CLO

Duties & Responsibilities

This role will provide support of day to day operational/client service activities while effectively monitoring daily receivables, journal posting, cash reconciliation, fund position tracking. In addition, will be working along management and technical staff to identify business solutions for changes to business processes, policies, and systems.

Resolve the most complex issues for the most demanding high-profile clients and deal structures

• Provide day-to-day support to existing institutional/corporate trust accounts including billing for administrative fees, recommending fee increases, facilitating transaction closing, handling cash and investment transactions, monitoring cash activities and compliance items, providing debt service calculations, executing payment generation and follow-up
• Avoid responsibility for accurate/timely setup or delegation to associates of issues on all systems, preparing accounts for compliance review and responding appropriately to compliance exceptions
• Review deal documents alongside Relationship Managers to ensure operational mechanics are appropriate
• Avoid responsibility for assisting operational group to ensure cash processing and procedures fit within any new products the team onboards
• Avoid responsibility for developing and leading trainings related to Corporate Trust products and services
• Avoid responsibility for actively participating as a subject matter expert for ongoing projects and system testing
• Avoid responsibility for providing indirect management of junior fund accountants
• Avoid responsibility for working with business solutions team to document business requirements for system and process improvement
• Avoid responsibility for organizing and overseeing team testing methodology for test scripts and appropriate full-cycle testing (unit, integration, system, and QA)

Other duties as assigned

Knowledge & Skills

• Deep understanding of corporate bank loans
• Experience working with various structures of bank debt including CLOs, Interval funds, ABLs, Private debt
• Deep understanding of full trade cycle including settlements, closings, loan administration, loan agency
• Strong client relationship management skills
• Ability to provide positive client experience through a variety of methods including associate engagement, technology, workflows, and processing
• Ability to manage multiple projects and timelines
• Exceptional written and verbal communication skills with attention to detail
• Strong operational knowledge of Corporate Trust processes and procedures

Requirements

• Minimum Bachelor's degree with finance focus (business admin, finance) or equivalent work experience
• Minimum 6+ years of experience in the broadly syndicated and/or private credit loan market, or relevant experience

Preferred

• Advanced MS Excel
• Fundamental understanding of credit products and markets
• Strong data reconciliation skills

Pay

Compensation Ranges US Employees in California, Washington DC, New Jersey, and New York $69,920 - $109,460
US Employees in Colorado, Connecticut, Delaware, Illinois, Massachusetts, Maryland, Minnesota, Pennsylvania, Rhode Island, Texas, Washington, and Wisconsin $63,830 - $100,210
US Employees in all other states not listed above $57,760 - $90,960

Work Environment

Typical Office environment

Supervision/Management

No direct management accountabilities