Credit Services and Cash Management, Associate II

Alter Domus; Chicago (IL); Hybrid; USD 43,000 - 75,000; Full time

Benefits offered by this job

Professional accreditations

Flexible holidays

Mentoring

Office events

Employee share plan

EAP

Job summary

Alter Domus in Chicago is seeking an Associate II for Credit Services and Cash Management. The role involves underwriting, financial analysis, reconciliation, and document custody services across commercial loan facilities; you will review distributions and monitor covenants.

You will onboarding new clients, coordinate with lenders and internal teams, and provide accurate loan activity information. Strong Excel skills, a finance background, and ability to multi-task are essential.

Qualifications

• Bachelor’s degree in finance, accounting, or economics.
• At least 2 years of relevant work experience as a commercial credit analyst or underwriter.
• Highly proficient in Microsoft Excel and Word.

Responsibilities

• Review and process distributions via wire, ACH, or check.
• Daily, weekly, and monthly reconciliation of accounts with bank records.
• Analyze and process client construction or capex draw requests.

Skills

Communication

Team player

Multi-tasking

Attention to detail

Education

Bachelor’s degree in finance, accounting, or economics

Tools

Microsoft Excel

Microsoft Word

Job description

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Credit Services and Cash Management, Associate II

Location: Chicago, US

ABOUT US:

As a world leading provider of integrated solutions for the alternative investment industry, Alter Domus (meaning “The Other House” in Latin) is proud to be home to 90% of the top 30 asset managers in the private markets, and more than 6,000 professionals across 24 jurisdictions.

With a deep understanding of what it takes to succeed in alternatives, we believe in being different in what we do, how we work, and most importantly in how we enable and develop our people. Invest yourself in the alternative, and join an organization where you progress on merit, where you can speak openly with whoever you are speaking to, and where you will be supported along whichever path you choose to take.

Find out more about life at Alter Domus at careers.alterdomus.com

JOB DESCRIPTION:

• The Credit Services and Cash Management team work closely with banks, credit unions, non-traditional commercial lenders, and private equity funds. Services include commercial loan underwriting, annual credit reviews, financial analysis, statement spreading, ratio & trend analysis, covenant & other loan metric monitoring, special asset management, commercial construction draw management, cash management, and document custody services.
• Review and process distributions via wire, ACH, or check.
• Daily, weekly, and monthly reconciliation of accounts with bank records.
• Document custodial services for commercial, residential, or other loan facilities. Inventory and certify loan files, reporting exceptions. Processing of full or partial release requests.
• Analyze and process client construction or capex draw requests on an as needed basis.
• Monitor and communicate results for defined covenants and other financial metrics as requested by the client generally for positions held in syndicated or other structured loans.
• Spread and analyze borrower and guarantor financial statements and commercial property level operating statements.
• Assist with preparing written credit reviews and credit due diligence packages on behalf of our clients on commercial credits including C&I, commercial real estate, and government guaranteed loans (SBA 7(a), SBA 504, & USDA).
• Assist with management of special assets, including coordinating with the lender, borrower, legal counsel, and other professionals deemed necessary to manage the process of asset resolution.
• Assist on onboarding of new clients, including collection of KYC documentation and account opening.
• Use effective listening and communication skills to liaise with clients, internal Alter Domus teams and external parties regarding the timeliness and accuracy of loan activity information.

Client Service and Communication Skills:

• Responsive, friendly and proactive personality.
• Demonstrated ability to learn new concepts quickly and independently while maintaining effective communication with team members and clients.
• Multi-task and maintain a high level of organization to meet daily and monthly deadlines.
• Work in a dynamic team environment and participate in strategic initiatives.
• Use critical thinking to successfully resolve exceptions and problems.
• Deadline-driven and highly organized with exceptional attention to detail.

YOUR PROFILE:

• Bachelor’s degree in finance, accounting, or economics.
• At least 2 years of relevant work experience as a commercial credit analyst or underwriter at a bank or other commercial lending institution.
• Highly proficient in Microsoft Excel and word.
• Completion of a formal credit training program is a plus.
• Background in SBA/USDA lending programs is a plus.
• Experience in special asset management is a plus.
• Ability to independently research and resolve complex problems.
• Ability to multi-task and balance evolving priorities.
• Must be a team player with the ability to collaboratively work with internal teams and external clients.
• Strong communication skills with both internal teams and external parties.
• Demonstrated ability to prioritize, complete, multi-task, while providing high attention to detail and excellent client service.

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Salary range depending on experience: $42,500-75,000

WHAT WE OFFER:

We are committed to supporting your development, advancing your career, and providing benefits that matter to you.

Our industry-leading Alter Domus Academy offers six learning zones for every stage of your career, with resources tailored to your ambitions and resources from LinkedIn Learning.

Our global benefits also include:

• Support for professional accreditations
• Flexible arrangements, generous holidays, plus an additional day off for your birthday!
• Continuous mentoring along your career progression
• Active sports, events and social committees across our offices
• 24/7 support available from our Employee Assistance Program
• The opportunity to invest in our growth and success through our Employee Share Plan

Alter Domus is an Equal Opportunity Employer: Equity Statement
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.