Associate I - Global Fund Services Bank Loans

Bank Loan Administration Associate I

Bank Loan Administration is responsible for trade instruction capture, settlements, and lifecycle events for bank loan assets under Fund Services. The team partners with various internal and external parties, including fund accounting, client services, fund managers, as well as agent banks.

As an Associate I within the Bank Loan Administration team, you will play a crucial role in managing the trade instruction capture, settlements, and lifecycle events for bank loan assets within our Fund Services division. You will work closely with a network of internal and external partners, including fund accounting, client services, fund managers, and agent banks, to ensure seamless operations and exceptional client service.

Job responsibilities :

• Understand all aspects of loan or deal administration functions (including all aspects of funding).
• Be responsible for the bank loan life cycle events including paydown, drawdown, interest rate resets, payment-in-kind interest calculations, delayed compensation accruals / calculations, and trade settlements.
• Develop a thorough knowledge of our client base and building relationships with Investment Managers and other related third parties. Work closely with your clients to resolve queries and providing first level account service.
• Create, maintain, and update procedures for client specific deliverables.
• Review of daily controls and communication of any new training or procedural changes to the team; ensure that all controls and procedures outlined in the procedures manual and general company policies are complied with across all groups.
• Ensure all scheduled work is completed by agreed deadlines, checklists are signed, and files contain all required documentation; work cooperatively and effectively with others to set goals, resolve problems, and make decisions that enhance organizational effectiveness.
• Assist in testing and implementation of system enhancements as required.

Required qualifications, capabilities, and skills :

Preferred qualifications, capabilities, and skills :