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Octagon Credit Investors · 6 hours ago

Collateral Administration (CLO Operations)- Assistant Vice President

New York, NY

Full-time

Onsite

Senior Level, Lead/Staff

$170K/yr - $200K/yr

8+ years exp

Octagon Credit Investors, LLC is a 30+ year old investment adviser focused on leveraged loan, high yield bond, and structured credit investments. The Assistant Vice President will support the Collateral Administration team with operations, reporting, and monitoring, taking on an integral role in managing Octagon’s investment platforms.

Angel InvestmentConsultingFinancial Services

Growth Opportunities

No H1B

Hiring Manager

Howard Barkin

Responsibilities

Perform pre- and post-trade settlement operations tasks for broadly syndicated loans, private credit, CLO debt & equity, bonds, and equities

Assist with review and preparation of trade documents for distressed loan settlements. Liaise with internal and/or external contacts as needed to ensure proper completion and execution of restructuring distressed/stressed documentation while keeping all relevant parties aware of the transaction

Assist with responding to inquiries from fund administrators, trading counterparties, administrative agents, and outsourcing providers

Assist with new account opening process by preparing necessary documentation to facilitate account set-up with administrators

Ensure new accounts are updated and opened timely in internal systems

Prepare warehouse borrowing requests, CLO subscription documents, and other relevant documents

Assist with cash forecasting and daily settle date cash balance for trade settlements

Assist with the preparation of all necessary KYC documentation and tax forms distributed to external parties. Assist with coordinating with agents to request refunds for tax withholdings

Adhere to firm’s data retention and recordkeeping requirements

Support the development of technology-based solutions designed to improve internal recordkeeping, monitoring, and reporting capabilities

Participate in thought leadership initiatives and identify and manage projects to increase efficiency for internal processes

Help answer questions pertaining to daily trade activity and apply judgment in response to day-to-day questions, and follow up with solutions/process improvement

Proactively take on ad hoc projects and provide support for new business initiatives, as needed

Qualification

CLO operations experienceSyndicated loans knowledgeCredit agreement interpretationClearPar knowledgeLSTA standard termsAnalytical skillsOrganizational skillsCommunication skillsTeam playerMentoring skills

Required

Bachelor's degree with 8+ years of relevant experience in CLOs, syndicated loans, loan products, or bonds working as an operational credit administrator at an investment adviser, administrator, or related professional services firm

Strong knowledge of the Primary and Secondary CLO and/or par and distressed loan trading market

Strong understanding of LSTA standard terms and conditions and loan market principles

Solid ability to interpret credit agreements, amendments, and related documentation

Excellent organizational skills

Excellent written and oral communication skills, strong analytical skills, and exemplary attention to detail

Ability to multi‐task, be proactive, work independently, and work effectively under pressure (often under deadlines and changing priorities)

Comfortable interacting and building relationships with all teams (including senior management) across the firm and affiliated organizations

Highly motivated, proactive team player with a positive attitude

Outstanding reputation of professional integrity and maturity

Ability to clearly articulate views and supporting data

Have the flexibility and ability to work with a variety of personalities and levels of experience

Working hours may vary depending upon client needs and/or trading volumes, including evenings and/or weekends

Preferred

Strong understanding of LMA standard terms and conditions and loan market principles a plus

Working knowledge of ClearPar, WSO Administrator, Allvue Systems (Everest), FinDox, LendAmend, and/or DTCC (ALERT and CTM) platforms a plus

Knowledge of private credit is preferred but not mandatory

Benefits

Medical, dental, vision, life, and disability insurance

Commuter benefits

401(k) matching program

Employee Assistance Program (“EAP”)

Professional designation and licensure assistance

Family support and leaves of absence

Company

Octagon Credit Investors

Glassdoor4.0

Octagon Credit Investors, LLC is a 30+ year old, $34B investment adviser focused on leveraged loan, high yield bond, and structured credit (CLO debt and equity) investments.

Founded in 1994

New York, New York, USA

51-200 employees