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1
applicant
LOANS OPERATIONS (CLO)
at Natural Search & Selection in London (Published at 14-02-2012)
Top Tier Fund Management Company are looking for an experienced Loans Operations specialist to work in a team that will verify all data relating to the cash and collateral for the funds. You will be responsible for checking compliance with collateral tests, ensuring the accuracy of all investor reporting and settling primary and secondary loan trades.
You will also play a key role in the Portfolio Management Group, any secondary or primary trading opportunities have to be verified before any execution can take place.
You will also be expected to produce key fund reporting to management and the board. You will be required to address any ad hoc reporting requirements from investors as well as historical data capture for marketing purposes
Accountabilities and Responsibilities:
• Complete and accurate maintenance of all asset, cash, credit and market events within the CDO system and any other data sources maintained.
• Run hypothetical trade evaluation tests
• Prepare and check asset sale and purchase execution in accordance with LMA standards from primary and secondary loan markets.
• Ensure timely and accurate investor reporting
• Establish a relationship with the trustees and swap counterparts to ensure a timely and correct flow of information.
• Ad hoc creation of data and historical trends for internal reporting and for potential new investors.
Key performance indicators:
• Delivery of timely portfolio test results, investor reporting and cash distributions across the funds
• Nil funding and trading fails as a result of incomplete/erroneous instructions
• Efficient and consistent services delivery from external parties
• Identify process and system enhancements to improve efficiency and control.
• Delivery of various projects within designated time-frames
Relationships:
• Trustee/Portfolio administrator/Account bank/Independent fund administrators
• Leveraged finance officers
• Secondary Loan Trading
• Agent banks, swap and trading counterparties
• CDO system and software service providers
Knowledge & Skills:
Working knowledge of loans and/or fund administration/accounting (essential)
• Working knowledge of CDOs and/or structured funds (essential)
• Practical understanding of international bank operations including multi- currency interbank payments and nostro accounting / reconciliation (desirable)
• Intermediate to advanced Excel capabilities to include creation of linked workbooks, simple macros and functions (e.g. lookups and financial calculations) (essential)
• Working knowledge of fixed income securities, including interest accruals, money market rates, swap calculations and a willingness to develop such knowledge. (Desirable)
• Demonstrable team-work ethic (essential)
You will also play a key role in the Portfolio Management Group, any secondary or primary trading opportunities have to be verified before any execution can take place.
You will also be expected to produce key fund reporting to management and the board. You will be required to address any ad hoc reporting requirements from investors as well as historical data capture for marketing purposes
Accountabilities and Responsibilities:
• Complete and accurate maintenance of all asset, cash, credit and market events within the CDO system and any other data sources maintained.
• Run hypothetical trade evaluation tests
• Prepare and check asset sale and purchase execution in accordance with LMA standards from primary and secondary loan markets.
• Ensure timely and accurate investor reporting
• Establish a relationship with the trustees and swap counterparts to ensure a timely and correct flow of information.
• Ad hoc creation of data and historical trends for internal reporting and for potential new investors.
Key performance indicators:
• Delivery of timely portfolio test results, investor reporting and cash distributions across the funds
• Nil funding and trading fails as a result of incomplete/erroneous instructions
• Efficient and consistent services delivery from external parties
• Identify process and system enhancements to improve efficiency and control.
• Delivery of various projects within designated time-frames
Relationships:
• Trustee/Portfolio administrator/Account bank/Independent fund administrators
• Leveraged finance officers
• Secondary Loan Trading
• Agent banks, swap and trading counterparties
• CDO system and software service providers
Knowledge & Skills:
Working knowledge of loans and/or fund administration/accounting (essential)
• Working knowledge of CDOs and/or structured funds (essential)
• Practical understanding of international bank operations including multi- currency interbank payments and nostro accounting / reconciliation (desirable)
• Intermediate to advanced Excel capabilities to include creation of linked workbooks, simple macros and functions (e.g. lookups and financial calculations) (essential)
• Working knowledge of fixed income securities, including interest accruals, money market rates, swap calculations and a willingness to develop such knowledge. (Desirable)
• Demonstrable team-work ethic (essential)
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