Loans Settlement Administrator
Loans Settlement Administrator
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Job Description
About Citco:
The market leader. The premier provider. The best in the business. At Citco weve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand push beyond the boundaries of our industry and shape its future. From working exclusively with hedge funds to serving all alternatives corporations and private clients our organization has grown immensely across asset classes and geographies. For us this progress is a pattern that well only maintain as we move forward always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space we say: Welcome to Citco.
About the Team & Business Line:
Fund Administration is Citcos core business and our alternative asset and accounting service is one of the industrys most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.
As a core member of our Loan Services team you will be working with some of the industrys most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.
This is an analytical and multi-facetedrole that requires the team member to be able to analyze and maintain a range of complex bank loan security types and lifecycle events in support of NAV adminstration as well performance of loan agency adminstrative functions and documentation preparation. This role involves servicing a diverse range of hedge and private equity clients pursuing different trading strategies
Responsibilities
Your Role:
- Receive new trade details from client and manage process to ensure settlement within satisfactory market timescales
- Conduct reviews of LMA/LSTA trade documents including trade confirmations transfer certificates and pricing letters for accuracy
- Liaise with trade counterparties and agent banks as required in order for timely settlement of trades
- Maintain up to date trade status records in order to provide reporting to management and client on regular basis
- Ensure trades are accurately settled on back office loan system and documents stored for audit requirements
- Act as point of contact for client queries/requests and drive resolution of issues relating to client accounts
- Understand the role of Loan Services in generating reporting in support of NAV process and actively liaise with various internal departments to meet monthly/quarterly NAV deliverables
Qualifications
About You:
- Analytical organized with ability to handle various responsibilities simultaneously and prioritize effectively
- Hands-on and comfortable learning new applications and sourcing information from numerous systems
- Experienced in maintaining a control environment and adhering to standard operation procedures
- Flexible and comfortable adapting to fluid operational requirements and deliverables
- Capable of communicating in a strong and professional manner with diverse internal and external stakeholders as well as escalating issues to management in a timely manner
- You have a minimum of 1-3 years experience within a Financial Institution with experience in a Fund Administrator with Loan Servicer experience a particular advantage
- Experience of a range of debt product types including but not limited to syndicated (par & distressed) bilateral direct lending originations commercial real estate loans would be beneficial
- Strong Microsoft excel capabilities with previous experience of ClearPar loan settlement platform a benefit but not essential
Our Benefits
Your well-being is of paramount importance to us and central to our success. We provide a range of benefits training and education support and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.
We embrace diversity prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength fostering innovation and mutual respect.
Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
