Responsibilities
- Utilize credit agreements and information obtained from the Funds or third parties to set up new loan facilities in HedgeServ proprietary system
- Monitor and process all involuntary maintenance events such as but not limited to, paydowns, drawdowns, commitment reductions and interest rate changes as provided by Agent Bank or private servicing agent
- Obtain facility and contract details through direct interaction with the Agent Bank or other private servicing agents
- Identify any missing or inaccurate pay down/drawdowns, interest and restructure receipts/payments
- Resolve all executing broker and agent bank issues related to processing and accurate booking of the Fund's bank loan positions with the assistance of the Investment Manager if necessary
- Review trade confirmations, assignment agreements, and pricing for accuracy
- Compare Funding Memo against independent HedgeServ calculations
- Coordinate trade settlement with Broker, Agent Bank, and Investment Manager
- Report trade settlement status to Investment Manager
Pre-requisite Knowledge, Skills and Experien
- ce1-4 years of hedge fund, private credit, or financial services experien
- ceKnowledge of syndicated bank loans and credit marke
- tsWork experience with loan administration, loan closing, or loan servici
- ngInterest rate chang
- esAdvanc
- esRollove
- rsRepaymen
- tsInterest and fee paymen
- tsOther loan related activi
- tyTrade closi
- ngUnderstanding of LSTA/LMA standard documentation and knowledge of the LSTA/LMA standard terms and conditio
- nsProficiency with reading and analyzing Credit Agreemen
- tsExperience with bank loan administration systems and loan research tools a pl
- usAmenable to work during US hou
rs
