4 Month contract with potential to extend
Open to strong internships or experience with large datasets / reconciliations
Job Summary As the Portfolio Finance Loan Associate in Custom Financing Support, you will provide Middle Office (MO) and Loan Servicing support to the Portfolio Financing desk in support of their lending business. You will coordinate between Structuring, Credit, Product Control, Finance, and other Wholesale Lending Services groups within Structured Finance. The Structured Finance product are specialized loans issued to provide liquidity to investment banking clients in order to fund purchases of debt and equity interest in middle market companies.
Job Responsibilities
Serve as primary Middle Office resource supporting all structured lending transactions entered into by the Portfolio Financing desk.
Coordinate communications between structuring, the trading desk, Credit Risk, and operational stakeholder groups in order to close new structured finance transactions.
Perform loan servicing responsibilities relating to all Portfolio Finance loan products including, but not limited to, processing of advances, paydowns and calculation of interest.
Assist the FO in management of deal lifecycle activities (drawings, distributions, waterfalls, etc.) by running hypothetical scenarios based on client requests to ensure compliance with the deal triggers.
Perform ongoing monitoring of structured finance deal triggers and compliance conditions including Market Value triggers, Portfolio value, Concentration limits, and Borrowing Base tests.
Serve as primary point of contact for client inquiries for the firm’s buy-side customers, including hedge funds and asset managers.
Work with Product Control teams to ensure accuracy in the desk’s P&L related to the structured financing product.
Required Qualifications, Capabilities, & Skills
2+ years of experience in financial operations
Bachelor's degree in Finance or Business (or equivalent experience)
Excellent communication and interpersonal skills
Demonstrated leadership abilities and strong teamwork skills
Detail orientated individual that can work effectively under pressure
Ability to multi-task and prioritize workload
Strong problem solving, decision making, and analytical skills
Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint)
Preferred Qualifications, Capabilities, and Skills
Prior knowledge of loan product or trading operations
Experience in calculating borrowing bases
Prior knowledge of accrual basis accounting
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Open to strong internships or experience with large datasets / reconciliations
Job Summary As the Portfolio Finance Loan Associate in Custom Financing Support, you will provide Middle Office (MO) and Loan Servicing support to the Portfolio Financing desk in support of their lending business. You will coordinate between Structuring, Credit, Product Control, Finance, and other Wholesale Lending Services groups within Structured Finance. The Structured Finance product are specialized loans issued to provide liquidity to investment banking clients in order to fund purchases of debt and equity interest in middle market companies.
Job Responsibilities
Serve as primary Middle Office resource supporting all structured lending transactions entered into by the Portfolio Financing desk.
Coordinate communications between structuring, the trading desk, Credit Risk, and operational stakeholder groups in order to close new structured finance transactions.
Perform loan servicing responsibilities relating to all Portfolio Finance loan products including, but not limited to, processing of advances, paydowns and calculation of interest.
Assist the FO in management of deal lifecycle activities (drawings, distributions, waterfalls, etc.) by running hypothetical scenarios based on client requests to ensure compliance with the deal triggers.
Perform ongoing monitoring of structured finance deal triggers and compliance conditions including Market Value triggers, Portfolio value, Concentration limits, and Borrowing Base tests.
Serve as primary point of contact for client inquiries for the firm’s buy-side customers, including hedge funds and asset managers.
Work with Product Control teams to ensure accuracy in the desk’s P&L related to the structured financing product.
Required Qualifications, Capabilities, & Skills
2+ years of experience in financial operations
Bachelor's degree in Finance or Business (or equivalent experience)
Excellent communication and interpersonal skills
Demonstrated leadership abilities and strong teamwork skills
Detail orientated individual that can work effectively under pressure
Ability to multi-task and prioritize workload
Strong problem solving, decision making, and analytical skills
Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint)
Preferred Qualifications, Capabilities, and Skills
Prior knowledge of loan product or trading operations
Experience in calculating borrowing bases
Prior knowledge of accrual basis accounting
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