Settlement Specialist

Position Responsibilities

• Handling loan trade settlements across multiple funds
• Monitoring / coordinating daily cash flows between trustees and the Treasury Team
• Creating and coordinating execution of trade documents (e.g., Assignment Agreements, Funding Memos and Trade Tickets)
• Understanding trading specifics including delayed compensation, economic benefit and PIK
• Working closely with Agents / Counterparties to ensure timely settlement
• Confirming all required internal approvals have been received
• Distributing settlement documents to all appropriate parties
• Confirming cash disbursements have been made accurately
• Know Your Customer (“KYC”) & Tax
• Understanding complex corporate structures
• Cooking requests for tax forms
• Understanding incorporation documentation requirements

Qualifications & Experience

• Bachelor’s degree required
• Experience with ClearPar and LSTA trade documentation preferred
• Knowledge of Broadly Syndicated Loans
• Experience reviewing legal documentation, specifically credit agreements
• Experience pulling basic loan parameters from Credit Agreements (e.g., interest rates, amortizations)
• Advanced proficiency with Microsoft Excel
• Enthusiastic about working in office and creating a Gold Standard hybrid work culture

Compensation And Benefits

For Illinois Only: It is expected that the base salary range for this position will be $65,000 to $110,000. Actual salaries may vary based on factors such as skills, experiences and qualifications for the role. The total compensation package for this position may also include other elements and discretionary awards in addition to a full range of medical, financial and / or other benefits (including 401(k) eligibility and various paid time off benefits such as vacation, sick time and parental leave) dependent on the position offered.