CLO & Private Credit Services – Account Manager

Deutsche Bank; New York (NY); Hybrid; USD 120,000 - 173,000; Full time

Benefits offered by this job

Hybrid work model

Generous vacation & personal days

Health and retirement benefits

Volunteer programs

Job summary

Deutsche Bank seeks an Account Manager for CLO & Private Credit Services to oversee a portfolio of CLO SPVs. You will produce investor reporting, review wires, and liaise with arrangers, collateral managers, rating agencies, and accountants to ensure compliance.

You will work with DB Operations and Account Administrators to maintain annual SPV requirements while applying your CLO and fixed income expertise in a hybrid, client-focused environment.

Qualifications

• Must understand CLOs, ABLs, compliance tests and fixed income structures.
• Experience with CLOs and SPVs preferred.
• Strong accounting and financial reporting knowledge; ability to review indentures and credit agreements.

Responsibilities

• Primary point of contact for a portfolio of CLO SPVs.
• Produce monthly and quarterly investor reporting packages; know test calculations in reports.
• Review and release wires for trade settlements; communicate with arrangers, collateral managers, rating agencies, accountants and bondholders.
• Maintain SPV annual compliance requirements (Accountant's Reports, Issuer's Certifications, etc.).
• Collaborate with DB Operations and Account Administrators; interact with senior leaders.

Skills

CLOs knowledge

Accounting/Finance

Bank loans understanding

MS Office / Excel

Wiring instructions / SWIFT

Indentures & credit agreements

Communication skills

Organizational skills

Fluent in English

Education

BA/BS in Accounting/Finance/Business/Economics

MBA is a plus

Tools

MS Excel

Solvas-CDOSuite

Job description

• Strong written/verbal communication skills.

Position Overview

Job Title

CLO & Private Credit Services – Account Manager

Corporate Title

Associate to Vice President

Location

Boston

Overview

CLO & Private Credit Services was started back in 2000. Our staff of professionals provides trustee, calculation agent, collateral administration, and custodian services on over 400 SPVs both domestically and throughout Europe.

The Account Manager is the primary point of contact for our clients, which are the collateral managers of Collateralized Loan Obligations. You must have a deep understanding CLOs, ABLs, compliance test calculations, bank loans and other complex fixed income structures. You will provide oversight of day to day operational/client service activities while monitoring controls such as overdraft reports, annual reviews, and outstanding deal compliance.

What We Offer You

• A diverse and inclusive environment that embraces change, innovation, and collaboration
• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
• Educational resources, matching gift, and volunteer programs

What You’ll Do

• Primary point of contact for a portfolio of CLO Special Purpose Vehicles
• Produce monthly and quarterly investor reporting packages. Must have knowledge of all test calculations in the issued reports
• Review and release wires for trade settlements
• Communicate with arrangers, collateral managers, rating agencies, accountants and bondholders
• Close interaction with DB Operations and Account Administrators.
• Maintain each SPV's annual compliance requirements (Accountant's Reports, Issuer's Certifications, etc.)

How You’ll Lead

• Senior Management – Must be able to succinctly communicate with high level leaders within the organization
• Clients – Must understand the CLO transaction and be able to interact with Collateral Managers and Investors on the internal mechanics of a deal
• Analytics/IT – Must be able to identify operational bottleneck and work together with IT/Analytics to develop and implement a solution

Skills You’ll Need

• BA/BS, preferably in Accounting, Finance, Business or Economics, MBA is a plus
• Proven prior experience with CLOs
• Understanding of bank loans - BSL, middle market and private credit loans.
• Understanding of general accounting and financial reporting principles
• General understanding of structured credit products; ABLs and borrowing base calculations, a plus.
• Competent in all MS Office products; Advanced MS Excel abilities, familiarity with complex formulas and modelling techniques, a plus.
• Familiarity with wiring instructions, SWIFT payments a plus.
• Experience reviewing indentures, credit agreements and other governing documents

Skills That Will Help You Excel

• Strong written/verbal communication skills.
• Strong organizational skills.
• Experience with Solvas-CDOSuite, a plus
• Fluent in English

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York, NY or Santa Ana, CA office in accordance with the Bank’s hybrid working model.

Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City or California is $120,000- $172,500. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

Deutsche Bank Benefits

At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home.

The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank’s California Privacy Notice, please email [e-mail].

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law.