AVP, Collateral Administration - Loan Services

Citco GSGS; New York (NY); On-site; USD 95,000 - 170,000; Full time

Job summary

An established industry player is seeking a dedicated professional to join their Loan Services Team. This role is pivotal in overseeing complex bank loan transactions and ensuring seamless operations for a diverse client base. With a focus on accuracy and efficiency, you will manage lifecycle activities, coordinate with offshore teams, and engage directly with clients. If you have a strong accounting background and thrive in a dynamic environment, this is your chance to contribute to a leading firm that values innovation and teamwork. Join us to make a significant impact in the asset servicing sector!

Benefits

Flexible working arrangements

Training and education support

Diversity and inclusion initiatives

Qualifications

• 5+ years of hedge fund accounting experience with derivatives.
• Bachelor's degree in finance or accounting is required.

Responsibilities

• Oversee debt lifecycle activities and ensure accurate loan processing.
• Manage daily workflows and maintain asset servicing oversight.

Skills

Accounting background

Financial analysis

Communication skills

Team management

Analytical skills

Understanding of investment strategies

Education

Bachelor’s Degree in Accounting, Finance or Economics

CA, CMA, CGA, CPA or CFA designation

Tools

Microsoft Excel

Microsoft Office

Job description

About Citco:

The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.

About the Team & Business Line:

Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.

As a core member of our Loan Services Team, you will be working with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.

This is an analytical and multi-faceted role that requires the team member to be able to analyze and maintain a range of complex bank loan security types and lifecycle events. This role involves servicing a diverse range of hedge, real asset and private equity clients pursuing different trading strategies.

Qualifications

About You:

• You have an accounting/finance background with relevant experience as evidenced by:
• A Bachelor’s Degree in Accounting, Finance or Economics and
• Demonstrated 5+ years of work experience at hedge fund accounting or investment companies fund accounting with derivative instruments and external investors.
• Nearly qualified or completed CA, CMA, CGA, CPA or CFA designation (preferred – not a must have)
• Strong working understanding of investment strategies and financial products (including derivatives)
• Been in a reviewer capacity of deliverables and managing delivery for the team
• Experience managing a team of 5+ people as their manager, supervisor, mentor, coach, etc.
• Able to demonstrate that you are comfortable working in an operations model where you have to coordinate and work with various teams including offshore teams
• Excellent written and verbal communication skills
• Demonstrated financial reporting, analytical and organizational skills
• Strong Office and Outlook skill set (especially Excel)
• Proven ability to work in a challenging and professional work environment

Salary range: USD 95,000 - 170,000

Our Benefits

Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.

Citco is an Equal Opportunity Employer. It is our policy to make all employment and personnel decisions without discriminating on the basis of race, color, creed, religion, sex, physical disability, mental disability, age, marital status, sexual orientation, citizenship status, national or ethnic origin, and any other protected status.

NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties to meet the ongoing needs of the organization.

Responsibilities

Your Role:

• You will be responsible for the oversight of all debt lifecycle activities by our processing team.
• In line with point 1, you will ensure accurate processing of loan transactions and credit events including, but not limited to, trade settlement, principal paydowns, drawdowns, contract rollovers, rate setting, PIK capitalization, utilizations, repayments and interest payment dates.
• You will be responsible for the oversight of all lifecycle activities for ABLs (Asset Backed Lending) and Rated Note Feeder structures.
• You will manage daily operational workflows and maintain oversight of asset servicing – ensuring completeness and accuracy of position, accrued interest and cash data in loans system & underlying attributes and credit data required for reporting purposes.
• You will perform reconciliations of loan pars, accruals and cash between internal and external systems, investigating and resolving break items within pre-agreed timeframes.
• You will be client facing for all cash activity and segregation of cash according to designation of activity and work closely with the Citco Internal Treasury team.
• You will understand the role of Loan Operations in generating reporting in support of NAV process and enhance their reporting to satisfy the Collateral Administration reporting requirements.
• You will act as point of contact for client queries/requests and drive resolution of issues relating to client accounts.