Loan Trade Settlement, Associate II

Alter Domus; Chicago (IL); Hybrid; USD 43,000 - 70,000; Full time

Benefits offered by this job

Support for professional accreditions

Flexible holidays and a birthday day

Continuous mentoring

Employee Share Plan

24/7 Employee Assistance Program

Active social committees

Job summary

Alter Domus in Chicago seeks a Banking Loan Operations professional to communicate with counterparties and support settlement of loan syndications, CLOs, restructures, privates, and trade claims. You will liaise on KYC and documentation and maintain related records to ensure controls.

The role requires strong Excel skills, Bloomberg familiarity, and a proactive attitude to learn new concepts. Competitive salary and benefits are offered.

Qualifications

• Bachelor's degree in finance or related field.
• 2+ years in bank loan agency or syndication or investment management operations.
• Strong analytical, problem solving, and attention to detail.
• Experience with Excel, Bloomberg, and lending tools.

Responsibilities

• Demonstrate knowledge of the bank loan market to communicate with counterparties.
• Support settlement of loan syndications, CLOs, restructures, privates, and trade claims.
• Maintain knowledge of portfolios and documents to ensure controls and guidelines.
• Liaise with Administrative Agents on KYC documentation and tax/fund docs.
• Maintain loan documentation incl. amendments/restructures and voting requirements.
• Interact with internal/external counterparts (PMs, Attorneys, Compliance, Finance, Tech, Custodians).
• Investigate and resolve closing and transactional issues and communicate timely.
• Review daily/weekly reports to highlight trade status and risk.
• Work in a dynamic team and participate in strategic initiatives.

Skills

Analytical skills

Attention to detail

Problem solving

Communication skills

Education

Bachelor's degree in finance or related field

Tools

Microsoft Excel

Bloomberg

Loan research tools

Job description

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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:

• Demonstrate product and functional knowledge of the bank loan market to communicate with business and trading counterparties;
• Support the settlement process of loan syndications, secondary loan trades, CLOs, restructures, privates, and trade claims including funding and documentation matters;
• Maintain a working knowledge of all relevant portfolios and deal-related documentation to ensure controls are in place and that guidelines are adhered to;
• Liaise with Administrative Agents with regard to KYC documentation, including administrative details, tax and fund formation documents;
• Working knowledge of the maintenance and distribution of loan documentation inclusive of private and public amendments/restructures and voting requirements with settled and trade date positions;
• Interact with internal and external counterparts such as Portfolio Management, Attorneys, Compliance, Finance, Technology, Custodians, Fund Administrators, Agent Banks, and Trading Counterparts/Brokers;
• Investigate and resolve closing and transactional issues, communicating all issues in a timely manner;
• Participate in the review of daily/weekly reports and metrics provided to clients to highlight status of trades and risks; and
• Work in a dynamic team environment and participate in strategic initiatives.

YOUR PROFILE:

• Bachelor’s degree in finance, accounting, business, economics, or related filed;
• 2+ years of experience in bank loan agency, syndication or investment management operations experience;
• Ability to independently research and resolve complex problems;
• Ability to work closely with internal groups and external clients;
• Demonstrated analytic skills; strong working knowledge of fundamental financial/accounting/business concepts; and a strong, proactive interest in learning and mastering new concepts;
• Demonstrated ability to prioritize and complete tasks while providing close attention to detail;
• Experience in investment management operations and/or bank loan syndication a plus; and
• Strong Microsoft Excel skills and experience, knowledge or familiarity with Bloomberg, performance systems, and other loan research and analysis tools.

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Salary range depending on experience: $42,500-70,000

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.