Vice President, Private Credit Operations

Our client, a reputable global alternative asset manager with $400B AUM across various asset classes, is seeking a Vice President of Private Credit Operations within their Asset Based Finance group in Manhattan.

About the role

This position is ideal for an ambitious professional who will take responsibility for the servicing, reporting, and execution of their private credit investment portfolio and subsequent credit facilities.

Responsibilities

• Develop and maintain a model that provides testing guidelines including interest coverage, overcollateralization, and collateral quality tests specified in Indentures using proprietary models.
• Provide a weekly snapshot that includes KPIs, positions summary, pro forma quarterly distribution, redemption analysis, and transactions to portfolio managers and trade desk.
• Review and tie-out extensive data for trustee monthly and quarterly payment reports.
• Maintain borrowing base files for leverage facilities and facilitate any fundings or paydowns on the leverage as directed by portfolio management.
• General fund oversight, including monitoring and maintaining covenants of leverage facilities.
• Refresh monthly private funds team metrics and quarterly QPR.
• Manage transaction structures involving counterparties, servicers, trustees, fund administrators, etc.
• Execute amendments, restructuring, and closure of entities at the end of transactions.

Requirements

• 5+ years of private credit-related and/or structured product experience.
• 5+ years of experience within the investment management space from an operational perspective.
• Operational knowledge of bank debt and fixed income securities.
• Operational knowledge of Middle Market private credit structures and leverage facilities.

Benefits

• Base salary between $150,000 and $200,000, depending on experience.
• $40,000 discretionary bonus.
• Hybrid working arrangement.
• Excellent healthcare benefits and 401k match.
• A clear route for progression.