Bank manager serp_jobs.h1.location_city

Job Description

Job Description

TITLE : BANK LOAN SPECIALIST

Client X is a fast-growing service-driven global administrator. We feature a unique technology platform with one of the most experienced service teams in the industry. Client X provides fund administration, middle office services, integrated risk & portfolio management, regulatory & compliance reporting, tax support, and complete shadow accounting services, underpinned by SOC 1 certified controls. Client X supports all investment strategies within hedge funds, funds of hedge funds, private equity funds, asset managers, managed accounts and managed account platforms, UCITS funds, and other institutional investment programs such as pensions and endowments. Our services are completely customized for the needs of our individual hedge fund, fund of hedge funds and private equity fund clients. Client X employs professionals globally across offices in the United States (New York & Dallas), Grand Cayman, Ireland (Dublin & Cork), Luxembourg, Poland (Krakow), Bulgaria (Sofia), and Australia (Sydney).

Job Description :

As we continue through a period of explosive growth, Client X is searching for future leaders who can make an immediate impact on our already successful team. We’re seeking Hedge Fund professionals with one to four years of experience who are decisive, energetic, and self-starting. We expect successful candidates to assume considerable responsibility within six to twelve months, serving as the main point of contact on multiple client relationships, independently on-board new clients with the guidance of senior team members, and participate in cross team projects.

In addition to a focus on traditional middle office responsibilities such as trade capture, valuations, and break resolution; the candidate will be expected to take ownership of customized client requests, hold conversations with senior Hedge Fund personnel, and actively engage in our internal development initiatives. They also must maintain loan product knowledge to input, review, analyze and process syndicated bank loan portfolios.

Responsibilities :

• Utilize credit agreements and information obtained from the Funds or third parties to set up new loan facilities in Client X proprietary system
• Monitor and process all involuntary maintenance events such as but not limited to, paydowns, drawdowns, commitment reductions and interest rate changes as provided by Agent Bank or private servicing agent
• Obtain facility and contract details through direct interaction with the Agent Bank or other private servicing agents
• Identify any missing or inaccurate pay down / drawdowns, interest and restructure receipts / payments
• Resolve all executing broker and agent bank issues related to processing and accurate booking of the Fund’s bank loan positions with the assistance of the Investment Manager if necessary
• Review trade confirmations, assignment agreements, and pricing for accuracy
• Compare Funding Memo against independent Client X calculations
• Coordinate trade settlement with Broker, Agent Bank, and Investment Manager
• Report trade settlement status to Investment Manager

Pre-requisite Knowledge, Skills and Experience :