Associate\\Senior Associate, Borrowing Base Operations

Barings LLC; Charlotte (NC); On-site; USD 70,000 - 110,000; Full time

Benefits offered by this job

Medical & Wellness benefits

401(k) with company match

HSA contributions

Vacation & holidays

Commuter reimbursement

Education assistance

Job summary

Barings LLC in Charlotte, NC, seeks an Associate or Senior Associate to assist in daily administration, oversight, and execution of fund finance borrowing bases. You will work with our capital markets, liquidity management, fund controller, and legal teams to ensure timely, accurate facility operations.

You will prepare borrowing bases, monitor covenant compliance, review credit agreements, and coordinate reporting and expense management while maintaining accurate records and supporting pipeline

Qualifications

• Bachelor’s degree in finance, business or accounting.
• 2–4 years in asset management or banking.
• Understanding of private fund finance debt facilities.

Responsibilities

• Construct and submit daily borrowing bases and related lender-agent deliverables for facility principal transactions and monthly reporting.
• Review facility credit agreements and document key terms, including covenant compliance and events of default.
• Monitor loan list pipeline and ensure compliance with sales and substitution restrictions.
• Record principal transactions in eFront and maintain transaction records.
• Coordinate with Capital Markets on draft facility agreements to streamline day-to-day deliverables.

Skills

Excel modeling

Financial analysis

Asset management

Negotiation

Independence

Education

Bachelor’s degree in finance, business or accounting

Tools

Excel

Credit agreements review

Job description

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients. We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Title: Associate\\Senior Associate, Borrowing Base Operations Business Unit: Treasury Location: Charlotte, NC

Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.

Job Summary

Treasury is seeking a highly motivated Associate or Senior Associate to assist in the daily administration, oversight, and operational execution of fund finance facility borrowing bases. This individual will be responsible for a pool of debt facilities and their associated deliverables. The role will involve working closely with our capital markets, liquidity management, fund controller, and legal teams. This role supports borrowing base preparation and submission, lender-agent reporting, facility expense management, credit agreement review, covenant monitoring, and coordination with internal stakeholders to ensure timely, accurate, and compliant facility operations.

Primary Responsibilities

• Construct and submit daily borrowing bases and related lender-agent deliverables for facility principal transactions, distributions, facility expenses, and monthly reporting requirements
• Review facility credit agreements and document/understand key operational terms, including principal transactions, interest and unused fee mechanics, fund financial reporting, monthly facility reporting, covenant compliance, events of default, cure processes and grace periods, and value adjustment event triggers and procedures
• Monitor the loan list pipeline and identify transactions that may conflict with sales and substitution restrictions as governed in applicable facility credit agreements
• Monitor total fund indebtedness and support ongoing compliance with facility and AUM limits
• Review lender-agent interest and unused fee invoices, closing and amendment-related legal fees, and related facility expenses for accuracy; coordinate timely settlement and maintain accurate, up-to-date expense records for assigned facilities
• Maintain the fund debt reporting calendar and ensure timely execution of all related deliverables
• Support remediation of borrowing base deficiencies and facility agreement defaults, including coordination of required follow-up actions and related documentation
• Partner with the Capital Markets team on the fund finance pipeline to review and provide operational input on draft facility agreements, advocating for terms that streamline day-to-day deliverables, reporting requirements, and ongoing facility administration
• Confirm receipt of collateral approvals by the agent bank and record at-close metrics and loan classifications
• Record principal transactions in eFront and maintain accurate transaction records in accordance with established processes

Qualifications

• Bachelor’s degree in finance, business administration, or accounting preferred
• Minimum 2-4 years of related asset management or banking experience
• Demonstrate a strong understanding of private fund finance debt facilities including, but not limited to, asset-based lending/leverage, subscription, revolver & swingline, uncommitted, and intercompany
• Proficiency with complex excel models and formulas
• Must be self-motivated and possess the skills to successfully interact with and negotiate with internal professionals, including management
• Knowledge of credit agreements and the ability to independently evaluate key terms for borrowing base application
• Work independently, apply sound judgment, and think critically to resolve issues effectively
• Exhibit ongoing commitment to continuous learning and self- improvement
• Demonstrate exceptional attention to detail and accuracy in all deliverables
• #LI-JS1

Requisite Skills Additional Skills

Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.

Benefits

Barings offers a comprehensive benefits package including:

• CORE BENEFITS & WELLNESS Medical (including Virtual Care), Prescription, Dental, and Vision Coverage Fitness Center Reimbursement Program (Including Online Memberships) Employee Assistance Program (EAP) Fertility Benefits
• FINANCIAL WELL-BEING Highly competitive 401(k) Plan with Company Match Health Savings Account (HSA) with Company Contributions Flexible Spending Accounts (FSA) - Health Care & Dependent Care Retirement Health Reimbursement Account
• LIFE INSURANCE Basic and Supplemental Life Insurance Spouse and Child Life Insurance
• TIME OFF, DISABILITY AND LEAVE OF ABSENCE Paid Vacation, Sick Days and Annual Holidays Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time) Short and Long Term Disability Plans Paid Volunteer Time
• OTHER BENEFITS Education Assistance Program Charitable Matching Gifts Program Commuter Reimbursement Program Adoption and Surrogacy Reimbursement Program

Barings is a leading global asset management firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative, institutional-quality solutions and service. Our team-driven culture is based on transparency, responsibility and putting our clients’ interests first. We listen to our clients to understand their needs, so that we can be a strategic advisor and long-term partner in meeting their unique investment goals. Risk management and protecting our investors’ capital over the long term is an essential component of our lasting partnerships. Barings is also committed to building long-term relationships with our associates and providing opportunities and support to help them succeed. With our expanding business and global footprint, Barings offers a wealth of opportunities for associates who share our culture, values and commitment to excellence in client service. As an organization, we believe that a diversity of perspectives and strengths is essential to meeting the evolving needs of our clients, and we are committed to attracting and retaining a talented workforce as diverse as the clients and communities that contribute to our success.