Trading Assistant

Mission Staffing; New York (NY); On-site; USD 70,000 - 110,000; Full time

Job summary

Mission Staffing client in New York is seeking a Trading Assistant to support the investment team. You will attend Investment Committee meetings, document discussions, and track decisions with discretion.

You will build cash flow models for credit facilities, maintain IC ledgers, and prepare portfolio reporting. The role requires 3 to 7 years in an investment operations or middle office role and strong Excel and BI skills.

Qualifications

• Solid grasp of credit fundamentals such as spread analysis, yield to maturity, OID, PIK mechanics, leverage and coverage metrics, and covenant structures.
• Experience building and maintaining cash flow models and projection tools in Excel, with the ability to sensitize returns across key credit assumptions.
• Advanced Excel for financial modeling, dynamic projection tools, pivot tables, and portfolio roll up reporting.
• Proven ability to communicate portfolio information clearly across teams with varying levels of technical depth.

Responsibilities

• Attend and document Investment Committee meetings, quarterly deal team reviews, and credit workflow meetings, capturing key discussion points, credit decisions, and action items with accuracy and discretion.
• Maintain detailed records of ongoing borrower, issuer, and portfolio developments, ensuring credit information is current, organized, and accessible to relevant stakeholders.
• Create and manage IC ledgers, recording IC updates, investment targets, and position changes for both new credit investments and updates to existing holdings.
• Build, maintain, and enhance cash flow projection models across credit facilities, developing portfolio level reporting that enables portfolio managers to sensitize returns and stress test positions.
• Track current and projected exposure across all overflow funds to support portfolio management, including capital calls, distributions, and liquidity management.
• Partner with the investment group, treasury, middle office, accounting, and compliance to ensure accurate and timely flow of credit portfolio information across the organization.
• Provide ad hoc support to stakeholders as needed.

Skills

Credit fundamentals

Cash flow modeling

Advanced Excel techniques

Communication

Portfolio reporting

BI tools familiarity

Asset class knowledge

Tools

Bloomberg Terminal

Power BI

Tableau

Job description

Our client, a top performing credit fund, is looking for a Trading Assistant to sit within their investment team.

Responsibilities

• Attend and document Investment Committee meetings, quarterly deal team reviews, and credit workflow meetings, capturing key discussion points, credit decisions, and action items with accuracy and discretion
• Maintain detailed records of ongoing borrower, issuer, and portfolio developments, ensuring credit information is current, organized, and accessible to relevant stakeholders
• Create and manage IC ledgers, recording IC updates, investment targets, and position changes for both new credit investments and updates to existing holdings
• Build, maintain, and enhance cash flow projection models across credit facilities, developing portfolio level reporting that enables portfolio managers to sensitize returns and stress test positions
• Track current and projected exposure across all overflow funds to support portfolio management, including capital calls, distributions, and liquidity management
• Partner with the investment group, treasury, middle office, accounting, and compliance to ensure accurate and timely flow of credit portfolio information across the organization
• Provide ad hoc support to stakeholders as needed

Requirements / Skills

• 3 to 7 years of experience within an investment group, middle office, or investment operations role at an asset manager, bank, CLO manager, or similar credit focused platform; open to a range of seniority levels
• Open to candidates from investment operations or middle office with no prior trading experience, as well as candidates on a trading desk looking to pivot into a more portfolio support oriented role
• Solid grasp of credit fundamentals such as spread analysis, yield to maturity, OID, PIK mechanics, leverage and coverage metrics, and covenant structures
• Strong understanding of credit instruments including bonds, term loans, revolving credit facilities, delayed draw facilities, mezzanine, pref, and structured credit products
• Experience building and maintaining cash flow models and projection tools in Excel, with the ability to sensitize returns across key credit assumptions
• Proven ability to synthesize and communicate portfolio information clearly across teams with varying levels of technical depth
• Advanced Excel required, including financial modeling, dynamic projection tools, pivot tables, and portfolio roll up reporting
• Bloomberg terminal proficiency preferred
• Exposure to Power BI, Tableau, or similar business intelligence tools is a plus
• PowerPoint and Word proficiency for IC materials, investment memos, and stakeholder reporting