Credit Operations Associate

WhiteCap Search; New York (NY); On-site; USD 120,000 - 150,000; Full time

Job summary

WhiteCap Search seeks a Private Credit Operations Associate to support the end-to-end operational lifecycle of private credit investments, including direct lending and structured credit. You will coordinate closings, manage settlements, and maintain records across portfolio systems while collaborating with investment, legal, finance, and treasury teams in a fast-paced environment.

The role emphasizes accuracy, process improvement, and strong knowledge of loan servicing workflows, with

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Business Administration, or related field.
• 5–10 years of operations experience in private credit, direct lending, or asset management.
• Strong understanding of private credit products, loan lifecycle events, and servicing workflows.

Responsibilities

• Support the full operational lifecycle of private credit investments and financing transactions.
• Coordinate closings by reviewing legal docs and ensuring accurate setup across platforms.
• Manage loan settlements, funding events, payments, amendments, restructurings, and payoff activities.
• Maintain and reconcile loan positions, investment records, and cash movements across systems.
• Perform daily cash and position reconciliations and resolve operational discrepancies.
• Monitor covenant reporting, base updates, and servicing obligations from borrowers and agents.
• Collaborate with external admins, custodians, trustees, loan agents, and fund accountants.
• Assist Treasury with funding, liquidity management, and cash forecasting.
• Support month/quarter/year-end reporting, NAV, portfolio valuation, and audits.
• Contribute to new product launches, system implementations, and workflow automation.
• Document and maintain procedures, controls, and best practices.

Skills

Private credit knowledge

Loan operations

Analytical skills

Process improvement

Education

Bachelor's degree

Tools

Allvue

WSO

Geneva

Solvas

Clearwater

Job description

Our clientis one of the world's leading credit investors, managing capital across private credit, liquid credit, structured products, and insurance solutions. The firm is seeking a Private Credit Operations Associate to join its growing Operations team. This role offers the opportunity to support a diverse portfolio of private credit investments while working closely with investment professionals, portfolio managers, legal, finance, treasury, and external counterparties in a collaborative, fast-paced environment.

Our clientis one of the world's leading credit investors, managing capital across private credit, liquid credit, structured products, and insurance solutions. The firm is seeking a Private Credit Operations Associate to join its growing Operations team. This role offers the opportunity to support a diverse portfolio of private credit investments while working closely with investment professionals, portfolio managers, legal, finance, treasury, and external counterparties in a collaborative, fast-paced environment.

Job Responsibilities

The Private Credit Operations Associate will be responsible for supporting the full operational lifecycle of private credit investments and financing transactions. This individual will play a key role in ensuring the accurate execution, settlement, servicing, and reporting of complex credit investments while contributing to process enhancements, operational controls, and automation initiatives.

The ideal candidate will possess strong knowledge of private credit products, loan operations, and investment servicing, along with exceptional analytical skills and attention to detail.

• Support the end-to-end operational lifecycle of private credit investments, including direct lending, asset-based finance, and structured credit transactions.
• Coordinate transaction closings by reviewing executed legal documentation and ensuring accurate setup across internal investment and operational platforms.
• Manage loan settlements, funding events, principal and interest payments, fee calculations, amendments, restructurings, and loan payoff activities.
• Maintain and reconcile loan positions, investment records, and cash movements across portfolio accounting and loan administration systems.
• Perform daily cash and position reconciliations while investigating and resolving operational discrepancies in a timely manner.
• Monitor covenant reporting schedules, borrowing base updates, and servicing obligations received from borrowers, agents, and administrators.
• Coordinate with external administrators, custodians, trustees, loan agents, and fund accountants to facilitate accurate and timely transaction processing.
• Partner with Treasury to support funding requirements, liquidity management, and cash forecasting activities.
• Assist with month-end, quarter-end, and year-end reporting, including NAV support, portfolio valuation processes, audit requests, and financial reporting.
• Support new product launches, operational initiatives, system implementations, and workflow automation projects.
• Develop, document, and maintain operational procedures, internal controls, and best practices to strengthen the firm's operating environment.
• Identify operational risks and recommend scalable solutions that improve efficiency, accuracy, and overall operational effectiveness.
• Collaborate closely with Investment Professionals, Portfolio Management, Legal, Finance, Treasury, Technology, and Compliance teams to support ongoing business initiatives.

Job Requirements

• Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related field.
• 5-10 years of operations experience within private credit, direct lending, leveraged finance, structured finance, loan administration, or alternative asset management.
• Strong understanding of private credit products, syndicated loans, direct lending structures, and debt servicing workflows.
• Experience supporting loan lifecycle events including trade settlements, funding, interest accruals, amendments, restructurings, repayments, and portfolio servicing.
• Hands-on experience with portfolio accounting, loan administration, or investment operations platforms such as Allvue, WSO, Geneva, Solvas, Clearwater, or similar systems.

Disclosure: The hourly rates and/or salaries listed may or may not reflect total compensation packages including bonus and fringe benefits, etc., nor are the advertisement(s) posted a guarantee of a certain compensation package for a position or bona fide offer of employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.