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Gibel & Associates Inc. · 2 weeks ago

Hedge Fund Loan Closer Middle Office

NYC Metro Area

Full-time

Hybrid

Mid, Senior Level

$110K/yr - $135K/yr

3+ years exp

Gibel & Associates Inc. is a leading New York based multi-billion alternative investment asset manager specializing in credit hedge funds and CLO issuance. They are seeking a Bank Loan Closer – Middle Office Associate to manage bank loan settlements and collaborate with various internal and external stakeholders in a fast-paced environment.

Financial ServicesHedge FundsRecruiting

Hiring Manager

Maurice Gibel

Responsibilities

Full ownership of all bank loan settlements based on the assigned issuers including Par/Distressed loan closing life-cycle of trades including new asset set-up, settlements, reconciliations in a high-volume environment

Interact with internal groups (Accounting, Traders, Portfolio Managers, Legal, Compliance), outside legal counsel, administrators, and custodian banks

Perform data integrity checks and reconciliations

Review legal documentation Trade Confirmation, Assignment and Assumption Agreement, Proceeds letter, Multilateral Agreement, and Funding Memos

Chase counterparties for missing wires for trade cash breaks and confirm trade tickets from internal records

Review settled cash alert reports and provide status to traders/portfolio managers

Work closely with the counterparty to coordinate all aspects of the loan process and escalate counterparty issues

Maintain and update fund details on ClearPar

Understand LSTA and LMA guidelines, syndicated loan closing, settlement, and related documentation including working with Assignment & Acceptance agreements and Purchase and Sale Agreements

Experience with settling non-USD loans and revolving commitments

Qualification

Loan closing experienceBank loan operationsStructured products knowledgeClearPar experienceExcel proficiencyTechnology skillsCLO FundsCommunication skills

Required

A minimum of 3-7+ years of related hands-on loan closing, loan servicing, settlements, trade support, and middle office experience preferably acquired at a Credit Hedge Fund, CLO Manager or Fund Administrator

Excellent communications skills with strong Excel and technology skills desired

Knowledge of bank loan operations

Experience with structured products/leveraged loan structure CLOs, Distressed, High Yield, Leveraged Loans, Private Debt

Knowledge of CLO Funds / Fund Structures / Compliance