Senior Associate, Fund Administration – Loan Operations

This is a fully remote position, open to applicants in United States, +1 more country.

📋 Description

• Manage daily accounting and servicing tasks for a portfolio encompassing private credit funds, loan facilities, and structured credit vehicles.

• Record and reconcile activities at the loan level, including fundings, repayments, PIK, amendments, restructurings, and fee events.

• Calculate and review interest, commitment fees, and OID/discount accruals, ensuring alignment with agent notices and borrower statements.

• Maintain records of loan positions, cost basis, and fair value inputs.

• Assist in the valuation and month-end closing processes.

• Prepare and review capital calls, distributions, fund-level expenses, NAV calculations, and monthly or quarterly financial statements.

• Process borrower payments and agent notices, confirm rate resets, and monitor payment due dates along with covenant reporting deadlines.

• Track amendments, waivers, and consents, ensuring accurate representation of loan terms in books and records.

• Resolve discrepancies in cash, positions, and interest with agents, custodians, banks, and clients.

• Assist in waterfall calculations, coverage and collateral quality testing, and reporting for CLO and structured credit vehicles.

• Review reports for accuracy and completeness, escalating exceptions as necessary.

• Act as a daily point of contact for clients, auditors, and counterparties.

• Review the work of Associates, provide constructive feedback, and aid in developing their technical skills.

• Support audit and tax requests by preparing schedules and documentation.

• Identify process inefficiencies, document procedures, and enhance controls and automation.

• Collaborate with the manager on client delivery, process enhancement, and team development.

⛳️ Requirements

• Bachelor's degree in accounting, finance, economics, or a related discipline.

• 4 to 7 years of experience in fund administration, loan servicing or agency, private credit, or structured finance operations.

• Comprehensive understanding of loan lifecycle events, including syndicated and bilateral loans, delayed draw and revolving facilities, PIK, and amendments.

• Strong knowledge of US GAAP applicable to investment companies and fund accounting concepts such as NAV, accruals, and capital activity.

• Hands-on experience reconciling positions and cash, as well as resolving discrepancies.

• Advanced proficiency in Excel, including lookups, pivot tables, and reconciliation models.

• Excellent written and verbal communication skills, with the ability to interact effectively with clients and agents.

• Detail-oriented, responsible for meeting deadlines, and possesses sound judgment regarding escalation matters.

• Capable of working independently in a remote setting while adhering to core hours aligned with US time zones.

• CPA, CFA, or progress towards either is advantageous.

• Experience with CLO or CDO trustee reporting, waterfall modeling, or collateral compliance testing is beneficial.

• Familiarity with Allvue, Geneva, Wall Street Office, Clearpar, or Investran is a plus.

• Background in a fund administrator, agent bank, or private credit manager is a plus.

• Exposure to SQL, Python, or workflow automation tools is an additional advantage.

🏝️ Benefits

• Health, dental, and vision coverage for you and your family.

• Life insurance.

• Mental wellness support.

• Assistance with fertility and family growth.

• Flex Time Off alongside company-paid holidays.

• Paid family leave, medical leave, and bereavement leave policies.

• Retirement savings plans.

• Allowance to customize your home work and technology setup.

• Annual professional development stipend.

• Bonus opportunities.

• Equity options.

• Fully remote work option available.