Senior Loan Operations Lead - Private Credit

Carta; San Francisco (CA); On-site; USD 154,000 - 216,000; Full time

Job summary

Carta is hiring a Loan Operations Manager to oversee the loan servicing lifecycle for complex private credit instruments. You’ll collaborate with our Credit Operations team to ensure accurate calculations, timely processing, and clear communications across fund accounting and reporting.

Ideal candidates have 8+ years in private credit, strong knowledge of credit agreements, LSTA/LMA conventions, and SOFR calculations. This role offers growth in a fast-paced, high-stakes environment.

Qualifications

• 8+ years in private credit loan operations, bank loan servicing, CLO administration, or through a third-party loan agent.
• Expertise in credit agreement mechanics, including loan origination and lifecycle events (fundings, rollovers, prepayments, conversions, etc.).
• Proficiency in LSTA/LMA conventions, day count standards, and benchmark rate calculations (SOFR, Term SOFR, Daily Simple).
• Attention to detail with strong numerical accuracy and ability to analyze complex position and cash reconciliations.
• A team-oriented problem solver who thrives in time-sensitive, high-visibility operating environments.
• Experience with direct lending portfolios, including unitranche, DDTL, super-senior/first-out structures, and PIK toggles, is highly preferred.

Responsibilities

• Manage the entire loan servicing lifecycle for private credit instruments, including bilateral, club, and syndicated loans such as term loans, delayed draw term loans (DDTLs), revolvers, unitranche, and asset-based lending facilities.
• Ensure accurate calculation and processing of interest, fees, PIK accruals, amortization schedules, original issue discount (OID) accretion, and unused/commitment fees, leveraging LSTA/LMA conventions and evolving benchmark interest rates including SOFR and credit-sensitive rates.
• Execute and reconcile cash transactions, manage lender/borrower communications, and proactively resolve settlement breaks with internal and external stakeholders to maintain operational integrity.
• Partner with fund accounting teams to support month-end close processes, maintain accuracy in position tracking, and assist in providing documentation for audit and reporting purposes.
• Support frontline investment professionals and relationship managers with timely and accurate servicing data, including responses to borrower/lender inquiries and documentation requirements.

Skills

Loan servicing

LSTA/LMA

SOFR calculations

Attention to detail

Team player

Direct lending

CLO administration

Credit agreements

Tools

Loan accounting software

Job description

Carta is hiring a Loan Operations Manager to oversee the loan servicing lifecycle for complex private credit instruments. You’ll collaborate with our Credit Operations team to ensure accurate calculations, timely processing, and clear communications across fund accounting and reporting.

Ideal candidates have 8+ years in private credit, strong knowledge of credit agreements, LSTA/LMA conventions, and SOFR calculations. This role offers growth in a fast-paced, high-stakes environment.