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Guggenheim Investments · 1 day ago

Senior Operations Associate, Private Fund and CLO, Senior Associate

Chicago, IL

Full-time

Onsite

Mid, Senior Level

$120K/yr - $130K/yr

5+ years exp

Guggenheim Investments is seeking a Senior Operations Associate to join their Asset and Entity Servicing team. This role involves the modeling and ongoing maintenance of CLOs and Private Funds, requiring collaboration with various stakeholders to support the team's objectives.

FinanceFinancial ServicesVenture Capital

No H1B

Responsibilities

Upon closing a CLO transaction, develop and maintain CLO model that provides testing guidelines and limits specified in Indentures by use of proprietary excel templates. Guidelines include overcollateralization, interest coverage and collateral quality tests. This includes revising the model as needed due to any amended terms that may occur post-closing

Run pre-trade testing for proposed trades utilizing the CLO models and approve trades in Aladdin’s Compliance Dashboard. Additional testing may occur based on the results of the proforma trade analysis

Review and tie-out extensive data for trustee monthly and quarterly payment reports, which includes management and incentive fees

Direct cash entries with loan reconciliation team for Wall Street Office and GPIM cash team for PAM on any cash activities unrelated to trading. Entries may include quarterly waterfall payments, any borrowings or margin calls, and paid expenses

Advise corporate accounting of any management fees or Guggenheim reimbursable expenses that are expected with support such as management fee accrual calculations or invoices

Provide daily CLO snapshots which includes KPI, positions summary, proforma quarterly distribution, redemption analysis, and transactions to portfolio managers and trade desk

Assist team lead/VP with data collection for any ad hoc requests related to due diligence/RFP, audit, revenue and fee analysis

Calculate and distribute monthly fee income offset file and coordinate signoff from fund and corporate accounting, portfolio management, legal, and client service

Maintain borrowing base files for leverage facilities and facilitate any fundings or paydowns on the leverage as directed by portfolio management

Monitor cash needs and submit borrowing requests for CLO warehouses which includes working closely with the loan closing team to manage expectations around loan settlements

Refresh monthly private funds team metrics and quarterly QPR

Provide necessary information needed to produce 1099-MISC by compiling vendor payments and tax IDs for tax reporting on annual basis

General fund oversight

Calculate and signoff on waterfall calculations relating to Risk Retention vehicles

Qualification

CLO modelingMicrosoft ExcelCLO-related experienceAladdinBloombergAnalytical skillsMulti-taskingProblem-solving skillsOrganizational skillsDetail-oriented