Asset Based Finance Operations Associate

Sixthstreet; New York (NY); On-site; USD 140,000 - 160,000; Full time

Benefits offered by this job

Annual discretionary bonus

Health insurance

401(k) plan

Job summary

Sixthstreet is seeking an Operations Associate to join their Global Operations Team in New York. The role involves supporting investment execution, pipeline management, and cash management functions. Key responsibilities include interfacing with clients, managing trade capture, and maintaining operational controls.

The ideal candidate has 8-10 years of experience in operations at a buy-side organization. Opportunities for growth in a fast-paced environment and a competitive benefits package are offered.

Qualifications

• 8-10 years of experience in operations within investment management.
• Knowledge of structured transactions, asset-based financings, and securitizations.
• Experience with financial systems and reporting tools.

Responsibilities

• Support operational model for structured ABF investing activities.
• Interface with insurance company clients and manage cash.
• Ensure liquidity for new investments and adherence to controls.

Skills

Operations Management

Client Management

Cash Management

Project Management

Problem Solving

Communication Skills

Financial Analysis

Education

8-10 years of relevant experience

Tools

Advent Geneva

Allvue/Black Mountain

Excel

Job description

The Role

As an Operations Associate, you will be a part of the Sixth Street Global Operations Team that is responsible for investment execution, counterparty management, pipeline and other cash management functions, project management, and reporting and investment performance/analysis deliverables. The Operations Team supports Sixth Street’s investing activities across the globe for our private credit/equity, asset-based financing (“ABF”), structured credit, hybrid, and liquid credit funds, business development companies, and separately managed accounts. We expect this position to help grow our strategic investing in Sixth Street owned and third-party insurance company clients in addition to our private funds. As a member of this team, you will have the opportunity to be an integral part of a growing team in a fast-spaced, entrepreneurial work environment.

Core Responsibilities

• Support build out of the operational support model for structured ABF investing activities , including private funds and separately managed accounts of insurance company clients. Responsibilities include:
  • Interface directly with insurance company clients around pipeline management, asset setup, cash management, and other ad hoc inquiries
  • Design and document client onboarding processes
  • Trade capture across liquid and private assets in a standardized manner
  • Perform standard and ad hoc cash management and forecasting
  • Drive trade settlement
  • Client bank account and custodial integrations
  • Coordination with counterparties and external partners

• Support deal execution for our ABF investing activities. Responsibilities include:
  • Serve as primary point of contact for our ABF investing and business teams
  • Partner with investing professionals, outside and internal counsel, tax, compliance, and other Sixth Street Core professionals ensuring good cross-functional communication and coordination throughout the investing process
  • Ensure appropriate liquidity is available for new investments
  • Ensure investment cash and settlement controls and protocols are adhered to
  • Perform the timely and accurate setup of new investments to the order management, accounting, and reporting systems
  • Identify and help creatively solve for critical accounting, reporting, compliance, and operational issues
  • Create securities and other instruments in the firm’s order management system and book trades

• Partner closely with Engineering to design and build scalable operational capabilities to support the firm’s ABF investing strategies

What We Value

• Candidates should possess a minimum of 8-10 years of experience. Experience should include operations, treasury, and/or middle and/or back-office operations at a buy-side organization that invests in highly structured transactions – securitizations, asset-based financings, structured loans, etc. (those seen at a private equity or private credit alternative asset management firm or investment bank)
• Experience with Advent Geneva, Allvue/Black Mountain, and accounting sub-ledger vendors (ie., Clearwater, Aladdin, etc.) is a plus
• Deep knowledge of insurance and/or asset/liability management operations, including building policies and procedures, identifying and implementing process improvements, and overseeing trade workflow controls & compliance
• Highly motivated, entrepreneurial, and team-oriented candidates with strong communication, presentation, and Excel skills
• Commercial and results oriented, but uncompromising on tight controls and processes
• High trust and integrity
• Strategic and entrepreneurial mindset
• Strong combination of organizational and interpersonal/communication skills
• Candidate must be self‑motivated and willing to work in a team environment with professionals across multiple offices and disciplines
• Strong industry network
• Candidate must possess the attention to detail focus required to meet multiple demands and deliverables

Preferred

• Strong understanding and application of internal controls and industry practices
• Detail-oriented, responsible, and proactive
• Ability to multi-task and maintain composure in a high-volume environment
• Strong sense of urgency; ability to execute quickly and efficiently with strong attention to detail
• Structured problem solver who is able to synthesize sophisticated information from a variety of sources into implementable recommendations and solutions
• Comfort working in a high growth, iterative environment

Compensation

The base salary for this position is expected to be between $140,000 and $160,000. The base salary offered to the selected candidate will be commensurate with a candidate’s relevant experience and other qualifications for the position, as determined by Sixth Street in its sole discretion.

In addition to base salary, this position is eligible for an annual discretionary bonus and a competitive benefits package. Benefits offered currently include health, life, long-term and short-term disability insurance and a 401(k) plan. In addition, this role is eligible for paid public holidays (NYSE calendar), paid sick days pursuant to local laws, and additional reasonable time off subject to manager approval.

If a job offer is extended for a location other than New York, the salary range may differ based on the location.

About Sixth Street

Founded in 2009, Sixth Street is a leading global investment firm dedicated to developing themes and offering solutions to companies across all stages of growth.

Our firm is designed for cross-platform collaboration at scale: we build businesses, invest for growth, acquire assets, provide direct financing, identify value in public markets, purchase royalty streams, and regularly develop first-of-their-kind structures to meet the strategic objectives of management teams.

We do all this globally and as one unified team of investment and control-side professionals working on behalf of our institutional investors and their beneficiaries around the world.

We believe adhering to our core values is a competitive advantage. Everyone on our team contributes their perspectives and expertise to help us solve complex challenges and get to the right answer. At Sixth Street, the best idea wins.

For more information, visit the Sixth Street Careers site or follow us on LinkedIn.

Please refer to the privacy notice on our website for additional information regarding our obligations under the California Consumer Privacy Act (“CCPA”).

If you are not eligible for this role, please refer to our Careers Page for other opportunities.

If you need a reasonable accommodation to fill out this application, please contact Cindy Bombara ([e-mail]).

Sixth Street is proud to be an Equal Opportunity employer. We do not discriminate based upon race, religion, color, national origin, genetic history, marital status, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, veteran or military status, disability, genetic predisposition, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws.

Pursuant to the San Francisco Fair Chance Ordinance, Sixth Street will consider for employment qualified applicants with arrest and conviction records.