Hedge Fund AVP - Senior Bank Loan Closer

Job Description

Leading award-winning New York-based $Multi-Billion Alternative Investment Asset Manager, Credit Hedge Fund and CLO Issuer seeks an AVP – Senior Bank Loan Closer with 7–12 years of hands-on syndicated bank loan closing experience acquired within a Credit Hedge Fund, Alternative Investment Manager, or CLO Manager. The AVP will be responsible for the end-to-end closing and settlement of Par and Distressed syndicated bank loan transactions in a high-volume environment and will work closely with Trading, Portfolio Management, Legal, Compliance, Accounting, and Operations. The position requires strong knowledge of the U.S. leveraged loan market, LSTA guidelines, loan documentation, ClearPar electronic settlements, and cash and position reconciliations.

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Responsibilities

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• Independently manage the full closing and settlement lifecycle for Par and Distressed syndicated bank loan transactions in a high-volume, deadline-driven environment.
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• Coordinate all aspects of loan settlements with Trading, Portfolio Management, Legal, Compliance, Accounting, Operations, counterparties, outside counsel, administrators, and custodian banks.
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• Review and process loan settlement documentation, including Trade Confirmations, Assignment & Acceptance Agreements, Purchase & Sale Agreements, proceeds letters, funding memoranda, and other related closing documentation.
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• Apply LSTA guidelines throughout the closing and settlement process and address documentation, counterparty, cash, and settlement discrepancies.
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• Manage cash and position reconciliations, trade breaks, missing wires, and other settlement exceptions.
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• Maintain accurate transaction and fund information within ClearPar and monitor transactions through final settlement.
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• Review settlement activity and communicate transaction status and outstanding issues to Traders, Portfolio Managers, and other internal stakeholders.
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• Work closely with counterparties to coordinate all aspects of the loan settlement process, resolve closing issues, and escalate matters when appropriate.
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• Support settlement of revolving commitments and non-USD loan transactions.
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• Maintain strong knowledge of leveraged loans, bank loan operations, and related middle-office processes while supporting the continued growth of the credit platform.
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Qualifications

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• 7–12 years of hands-on syndicated bank loan closing and settlement experience including Par and Distressed loan transactions, preferably acquired within a Credit Hedge Fund, Alternative Investment Manager, or CLO Manager.
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• Strong working knowledge of the U.S. leveraged loan market, LSTA guidelines, syndicated loan closing and settlement practices, and related loan documentation; LMA knowledge is beneficial.
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• Hands-on experience reviewing Trade Confirmations, Assignment & Acceptance Agreements, Purchase & Sale Agreements, and related loan settlement documentation.
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• Strong proficiency with the ClearPar electronic settlement platform; Wall Street Office (WSO) experience is preferred.
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• Strong understanding of bank loan operations, cash and position reconciliations, settlement controls, and exception resolution.
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• Experience with CLOs, structured credit, private debt, or related credit products is beneficial.
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• Strong Excel and technology skills with the ability to work independently and effectively across Trading, Portfolio Management, Legal, Compliance, Accounting, and Operations.
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• Bachelor’s degree with strong written and verbal communication skills.
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Excellent Salary, Bonus, Benefits, and career advancement offering an exceptional opportunity to learn, intern, and continue to grow while working with very smart people in a professional and collaborative work environment.

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Our client is a prestigious world-class Alternative Credit Specialist and CLO Investment Manager with a global presence, an excellent track record, and a history of rewarding employees with growth, opportunity, and stability.