Analyst - Loan Admin

theapexgroup; Bengaluru; On-site; INR 670,000 - 1,004,000; Full time

Job summary

The Apex Group is seeking an Associate, Loan Servicing in India to help build and grow a new loan servicing operation. You will work with CLOs/CDOs and various loan types, coordinating asset administration, reconciliations, and settlements to support a growing product line.

Reporting to the Middle Office Manager, you will be part of a team delivering accurate reporting and efficient processes, with UK/US shift alignment. Pune/Bangalore location, on-site role.

Qualifications

• Degree in Accounting/Finance, or a relevant qualification.
• 3+ years' experience working in loan administration operations.
• Extensive knowledge of CLOs/CDOs/Credit Funds.
• Understanding of various security types including Private Debt, Syndicated Loans, Bonds, Equities, Futures, CDS.
• Understanding of trade lifecycle and settlements (DTCC & Euroclear).
• Familiarity with Solvas tool and MS Office.

Responsibilities

• Asset administration: setup, maintenance and reconciliation.
• Asset maintenance and reconciliation; liaising with brokers/custodians/agents.
• Process agent notices and corporate actions; enter and settle trades.
• Prepare and assist with internal reports; support management.
• Cash/Position reconciliation: daily reconciliations and issue resolution.
• Roll out training and development plans with the Middle Office Manager.

Skills

Strong communication

Analytical skills

Organisational skills

Attention to detail

Adaptability

Discretion

Oral and written communication

Prioritize responsibilities

Education

Degree in Accounting/Finance

Tools

Solvas (CDO-Suite)

Microsoft Office

Job description

The Apex Group was established in Bermuda in 2003 and is now one of the world's largest fund administration and middle office solutions providers.

Our business is unique in its ability to reach globally, service locally and provide cross-jurisdictional services. With our clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13,000 employees across 112 offices worldwide.Your career with us should reflect your energy and passion.

That's why, at Apex Group, we will do more than simply 'empower' you. We will work to supercharge your unique skills and experience.

Take the lead and we'll give you the support you need to be at the top of your game. And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities.

For our business, for clients, and for you

ABOUT APEX

The Apex Group was established in Bermuda in 2003 and is now one of the world's largest fund administration and middle office solutions providers. Apex has continually improved and evolved its product suite by surrounding these core administrative services with additional products spanning the full value chain of a fund; from information delivery and regulatory products to fund platforms and tax services. The globally distributed service model has rapidly expanded through a combination of organic growth and more recently bolstered by acquisition. Service is now delivered by over 3000 staff across 40 offices. The Apex Group administers circa $650bn in assets, including the investments of some of the largest funds and institutional investors in the world.

POSITION : Associate, Loan Servicing

DEPARTMENT: Operations

LOCATION: Pune, Bangalore

SHIFT:- UK & US SHIFT

Summary of Role

The successful candidate will join a recently formed operation within Apex Fund Services to help build and grow out a new loan servicing business. They will work alongside the local Middle Office Manager, helping to onboard systems, define processes and build a global team to service a new product. This is a huge opportunity to join a department at ground level and make it successful.

The Candidate

The candidate will have a good working knowledge and experience working with CLOs, CDOs, Credit Funds and the different types of Loans. They will be driven and motivated to achieve excellence through hard work, good organisation skills, excellent communication and attention to detail.

Main Responsibilities:

• Asset administration: Responsibilities include, but are not limited to performing and coordinating a variety of administrative duties and tasks including Asset setup
• Asset Maintenance and reconciliation
• Liaising with 3rd party brokers/custodians/agents
• Processing agent notices
• Processing corporate actions
• Entering and settling trades as required
• Preparing and assisting with various reports required by internal teams
• Other duties assigned by Management

Cash/Position Reconciliation: Responsibilities include, but are not limited to performing and coordinating a variety of reconciliation duties and tasks including Preparing daily reconciliation of cash transactions

• Preparing daily reconciliation of Apex/Client positions
• Ensuring aged breaks ( over 7 days ) are addressed and escalated
• Processing and reconciling data in various systems
• Actively researching discrepancies with various agents and internal teams
• Preparing and ensuring all Reporting is issued within the required timeframes
• Preparing and assisting with various reports required by internal teams
• Other duties assigned by Management

Support Middle Office Manager: Providing support for assigning duties and work delegation

• Roll out training and development plans to direct reports and new joiners.

Qualifications, Skills and Experience:

• Degree in Accounting/Finance, or a relevant qualification
• Candidate should have 3+ years' experience working in loan administration operations
• Extensive knowledge of CLOs/CDOs/Credit Funds
• Understanding or knowledge of various security types - Private Debt, Syndicated Loans, Bonds, Equities, Futures, CDS, CDS Indices, Forwards, ABS, MBS, TRS, etc.
• Understanding of trade lifecycle
• Knowledge and experience with settlements including DTCC & Euroclear
• Knowledge and understanding of securities and other financial instruments
• Computer proficiency with advanced knowledge of Microsoft Office Suite, familiarity with Solvas (CDO-Suite) preferred
• Must experience into Solvas tool.

Role-Specific Competencies/Skills:

• Strong communication and analytical skills
• Strong organisational skills
• Accurate and acute attention to detail
• Adaptability - able to change tasks quickly as business needs dictate
• Uses discretion when dealing with sensitive and confidential information
• Excellent oral and written communication skills and demonstrated ability to adapt communication style to audience
• Proven ability to prioritize responsibilities, m