Nextera Search · 2 days ago
AVP of Operations
NYC Metro Area
Full-time
Onsite
Senior Level
$150K/yr - $200K/yr
5+ years expNextera Search is a Financial Services Firm based in New York City seeking an experienced operations professional to join their team as the AVP of Operations. The role involves performing settlement operations across various asset classes, preparing trade documentation, and ensuring accurate execution and communication among stakeholders.
Staffing & Recruiting
Responsibilities
Perform pre- and post-trade settlement operations across a range of asset classes, including broadly syndicated loans, private credit, CLO debt and equity, bonds, and equities
Assist in the review and preparation of trade documentation for distressed and stressed loan settlements, coordinating with internal and external stakeholders to ensure accurate execution of restructuring documentation and timely communication among all parties
Respond to inquiries from fund administrators, trading counterparties, administrative agents, and outsourced service providers
Support the new account opening process by preparing required documentation and coordinating with administrators to facilitate timely account setup
Ensure newly established accounts are accurately set up and maintained in internal systems
Prepare warehouse borrowing requests, CLO subscription documents, and other related transactional materials
Assist with cash forecasting and daily settlement-date cash balance calculations to support trade settlements
Prepare and distribute required KYC documentation and tax forms to external parties, and coordinate with agents to request refunds related to tax withholdings as needed
Comply with firm data retention and recordkeeping policies and procedures
Support the development and implementation of technology-driven solutions to enhance internal recordkeeping, monitoring, and reporting capabilities
Perform other duties, as needed
Qualification
Required
Bachelor's degree required, with 5+ years of relevant experience in CLOs, syndicated loans, loan products, or bonds, preferably in an operational credit administrator role at an investment adviser, administrator, or related professional services firm
Strong knowledge of the primary and secondary CLO markets and/or par and distressed loan trading
Deep understanding of LSTA standard terms and conditions and loan market principles
Proven ability to interpret credit agreements, amendments, and related documentation
Excellent organizational and multitasking skills, with strong attention to detail
Preferred
Experience with private credit is preferred but not required
Familiarity with LMA terms and loan market practices is a plus
Working knowledge of platforms such as ClearPar, WSO Administrator, Allvue Systems (Everest), FinDox, LendAmend, and/or DTCC (ALERT and CTM) is a plus
Company
Nextera Search
Nextera Search is a premier recruitment firm specializing in direct hire placements within the Accounting, Finance & Financial Services sectors.
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase