Loan Operations Manager
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Job Location:
Monthly Salary:
Posted on:
18 hours ago
Vacancies:
1 Vacancy
Job Summary
Job Description:
The Team
As part of Fidelity Fund and Investment Operations (FFIO) business unit the European Loan Operations group is responsible for facilitating the processing distribution and reconciliation of term loan and bond transactions in support of accounting and trading. This role requires great attention to detail ability to work in a time sensitive environment and the ability to think outside of the addition to the technical aspect of the role the Representative also performs project work looks for process improvements partakes in training and development opportunities and is part of a larger team effort.
The Role
- This role will enable a proactive loan closer looking to expand their experience within CLO operations and loan closing. The main goal of this position will be to support the CLO desk utilising their passion to develop a career in operations. This role will provide great opportunity to learn and grow with very experienced colleagues. Below are key responsibilities:
- Booking confirming and settling loan trades for leveraged loan investments
- Reviewing loan/credit documentation
- Cash management of multiple SPVs in order to settle trades
- Perform daily reconciliations of trade positions and cash
- Identify operational risk and ensure all internal processes are accurately followed
- Identifying and escalating issues which could have significant impact on daily operations
- Performing all tasks associated with the European Loan Operations team including (but not limited to) trade settlements fail management cash management process reconciliation and accounting processing.
- Providing exceptional service to the various business partners including portfolio managers credit analysts traders counterparties and trustees.
- Participating in future project opportunities and facilitate change in a rapidly developing environment. Experience with an Agile methodology an advantage but not essential.
- Assisting with development and review for new and/or changes to departmental policies and procedures
- Collaborating within team environment to successfully manage daily work volumes and quality standards
The Expertise and Skills you Bring
- 2-5 years of financial services industry experience. Ideally CLO and loan closing experience.
- Bachelors degree preferred but not required.
- Your proficient PC knowledge
- Your excellent interpersonal and communications skills
- Your strong time management skills
- Your ability to handle multiple projects and tasks simultaneously within a tight timeframe
- Your strong analytical skills
- Your solid knowledge of business and industry practices
- Your ability to recognize high-risk items and escalate those items or seek assistance to minimize loss to either the shareholder and/or Fidelity
- Your ability to develop solid action plans to resolve daily operational issues/ problems
- Experience of Clearpar system and/or WSO an advantage but not essential.
- Knowledge of syndication market and trade life cycle is required.
- History of automation implementation a necessity
How Your Work Impacts the Organization
The Global Middle Office (GMO) Trade Operations Division acts as a servicing centre for our trading desks and external managers globally facilitating trade capture confirmation and settlement of equity debt derivative and currency transactions with brokers money managers and custodian addition to the various external counterparts that the teams deals with there are also several internal groups that assist in the groups daily responsibilities including Compliance Treasurers Office Counterparty Risk Legal Fund Accounting and other Custody groups. All of these combine to ensure that we are providing accurate and timely information into the NAV and then value to our investors.
Category:
Investment OperationsRequired Experience:
Manager
Key Skills
- Six Sigma
- Lean
- Management Experience
- Process Improvement
- Microsoft Outlook
- Analysis Skills
- Warehouse Management System
- Operations Management
- Kaizen
- Leadership Experience
- Supervising Experience
- Retail Management
About Company
The benefits you provide are about more than your workplace. They’re about life. Together, let’s create a program that meets the changing needs of your employees and your business.
