Associate Bank Loan Closer

CIFC Asset Management; New York (NY); On-site; USD 100,000 - 170,000; Full time

Job summary

CIFC Asset Management LLC in New York is seeking an Associate Bank Loan Closer with 3-5 years of buy-side experience and solid CLO Middle Office expertise to join our Investment Operations team.

You will oversee bank loan settlements, manage trader counterparties, and assist with cash management and open trade reporting, leveraging strong Excel and technology skills.

Qualifications

• 3-5 years in a similar buy-side role.
• Excellent communications skills.
• Strong Excel and technology skills.
• Knowledge of bank loan operations.
• Knowledge of Bank Loan closings and restructurings.
• Knowledge of Wall Street Office administrator or similar portfolio admin systems.

Responsibilities

• Oversight of bank loan settlements for assigned issuers.
• Managing open trades with counterparties/agents for execution.
• Cash management across warehouses/funds ahead of settlements.
• Weekly open trade reporting.
• Coordinate with vendors on bank loan settlements and queries.

Skills

Bank loan operations

Bank loan closings

Excel

Communication

Technology skills

Tools

Wall Street Office

Portfolio administration system

Job description

CIFC Asset Management LLC (together with its affiliates, "CIFC") is a corporate and structured credit investment firm serving institutional investors globally. The firm manages over $47 billion in assets across collateralized loan obligations, corporate credit funds, structured credit funds, and separately managed accounts. CIFC's investors include pension funds, sovereign wealth funds, endowments, insurance companies, banks, and family offices. The firm emphasizes fundamental credit analysis, whereby CIFC's highly experienced investment research team applies industry expertise and knowledge of leveraged finance to assess risk.

Position Summary:

Seeking an Associate Bank Loan Closer with 3-5 years of experience, preferably acquired in a buy-side firm, and solid CLO Middle Office experience. This is a great opportunity for anyone looking to learn and grow with our Investment Operations team.

Responsibilities:

• Oversight of all bank loan settlements based on the assigned issuers including:
• Managing open trades with counterparties / agents for execution
• Cash management across warehouses / funds ahead of settlements
• Weekly open trade reporting
• Working with vendor regarding all bank loan settlements and answering queries

Qualifications:

• 3-5 years in a similar role at a buy-side firm.
• Excellent communications skills
• Strong Excel and technology skills
• Knowledge of bank loan operations
• Knowledge of Bank Loan closings, restructurings, and other non-vanilla transactions
• Knowledge of Wall Street Office administrator or other portfolio administration system modules is strongly preferred