Private Credit Fund Management Associate - Alternative Asset Manager in Midtown

Daley And Associates, LLC; New York (NY); On-site; USD 95,000 - 110,000; Full time

Job summary

A leading alternative asset manager in New York City is seeking a Senior Associate for Fund Management within their Private Credit group. The individual will be responsible for leading investment allocations, overseeing fund operations, and collaborating with senior management. Ideal candidates should possess 2-4 years of relevant experience in private credit and a strong understanding of financial markets. This role offers a base salary of $95K to $110K depending on experience.

Qualifications

• Minimum of 2-4 years of relevant work experience in private credit.
• Strong understanding of credit and financial markets, with a focus on private credit in fund structures, fund operations, leverage facilities, and investments.

Responsibilities

• Lead the allocation of new investment allocations across the Private Credit Group.
• Oversee cash management of funds alongside key Treasury individuals.
• Communicate pipeline and fund updates to the finance FP&A team.
• Work with FP&A and treasury teams on key Fund actions.
• Oversee pre-trade loan execution.
• Identify Fund optimization initiatives.
• Ensure required deliverables for reporting and analytics.
• Partner with internal stakeholders for accurate data capture.
• Represent the business in new fund onboarding.

Skills

Understanding of credit and financial markets

Experience with private credit

Portfolio management

Job description

Overview

Senior Associate, Fund Management (Private Credit) - Alternative Asset Manager in NYC

Our client, a leading asset manager with $150B AUM, is looking to add a Fund Management Senior Associate to support their Private Credit group. This person will serve as the point person for loan allocations, fund operations and process management, and will help scale the groups BDCs, Funds and SPVs. This person will work cross functionally across the firm, and face off with senior management. This person should understand investment allocations as it pertains to private credit investment strategies (BDCs, SMAs, leverage/credit facilities).

Responsibilities

• Lead the allocation of new investment allocations across the Private Credit Group’s BDCs, Funds, Separately Managed Accounts and Special Purpose Vehicles. Ensure all portfolio objectives are met via new allocations including eligibility, position sizing, portfolio concentrations (security, industry, geography, etc.).
• Oversee cash management of funds alongside key Treasury individuals.
• Lead the communication of pipeline and fund updates to finance FP&A team providing seamless delivery of updates to PMs and Management.
• Work alongside FP&A and treasury teams to communicate key Fund actions such as capital calls/distributions and financing facility size amendments.
• Oversee pre-trade loan execution ensuring loans are booked and allocated as initially intended.
• Identify Fund optimization initiatives.
• Ensure all required deliverables for reporting and analytics are produced by the deal team.
• Partner with internal stakeholders, including data governance team, to ensure accurate and complete issuer and asset level data is captured in internal systems.
• Represent the business in new fund onboarding.

Requirements

• Minimum of 2-4 years of relevant work experience in private credit.
• Strong understanding of credit and financial markets, with a focus on private credit in fund structures, fund operations, leverage facilities, and investments.

Compensation

$95K - $110K base dependent on experience

How to apply

If you are interested in the role, please apply directly or send a copy of your resume to Cassidy Sullivan at [e-mail].