Bank Loan Settlement Specialist
Bank Loan Settlement Specialist
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$ 75000 - 90000
1 Vacancy
Job Description
Job Description:
The Bank Loan Team within Neuberger Berman Middle Office provides support to the Non-Investment Grade Credit Investment team which manages over 25 billion AUM of broadly syndicated bank loans. It is the teams responsibility to handle all cash reconciliation trade routing trade settlements and account onboarding. This individual should be highly detail oriented work in a fast-paced environment with daily deadlines and has a proven ability to work with external service providers.
Neuberger Berman is an independent employee-owned global asset management firm serving the financial needs of institutional and individual investors worldwide. Our broad capabilities include traditional and alternative equity and fixed income strategies private equity and commodities in addition to portfolio advice and wealth planning services. We offer a broad platform to accommodate the evolving needs of our clients.
Responsibilities:
Manage daily settlements of trades with vendor while ensuring accurate posting of trades on internal systems
Daily cash management for CLOs and Hybrid accounts including the transfer of funds to meet foreign currency requirements
Manage complicated bankruptcy restructures and private debt settlements
Perform end of day checks to ensure accuracy of daily work reducing exceptions on next day reporting
Assist Portfolio Management teams with questions involving cash balances and trade settlement status
Implement controls and processes to reduce average settlement time of Primary loan trades
Assist in new account set up as well as KYC
Qualifications:
Bachelors degree in finance accounting or other business-related field preferred
2 to 4 years of industry experience preferred (1 year of loan settlements required)
Strong knowledge and understanding bank loans processing required
Strong knowledge of ClearPar LSTA and LMA documents required
Strong knowledge of Distressed trade settlements required
Strong organizational and communication skills detailed oriented
Proven ability to work with external service providers
Ability to implement tasks and projects with minimal supervision in a fast paced environment
Proficiency in MS Office applications with advanced knowledge of Excel a strong plus
Experience with Wall Street Office Aladdin ClearPar and Bloomberg a plus
#LI-DD2
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Compensation Details
The salary range for this role is $75000-$90000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range and the range may be modified in the future. This range is only applicable for jobs to be performed in the job posting location. An employees pay position within the salary range will be based on several factors including but limited to relevant education qualifications certifications experience skills seniority geographic location business sector performance shift travel requirements sales or revenue-based metrics market benchmarking data any collective bargaining agreements and business or organizational needs. This job is also eligible for a discretionary bonus which along with base salary and retirement contributions is part of our total comprehensive package. We offer a comprehensive package of benefits including paid time off medical/dental/vision insurance 401(k) life insurance and other benefits to eligible employees.Note: No amount of pay is considered to be wages or compensation until such amount is earned vested and determinable. The amount and availability of any bonus commission production or any other form of compensation that are allocable to a particular employee remains in the Companys sole discretion unless and until paid and may be modified at the Companys sole discretion consistent with the law.
Neuberger Berman is an equal opportunity employer. The Firm and its affiliates do not discriminate in employment because of race creed national origin religion age color sex marital status sexual orientation gender identity disability citizenship status or protected veteran status or any other characteristic protected by local state or federal laws rules or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process please contact .
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Required Experience:
Unclear Seniority
Employment Type
Full-Time
