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Our client, a fast-growing and award-winning boutique credit fund manager focused primarily on non-investment grade credit, is recruiting a CLO Fund Associate to work in their London branch.
Main Responsibilities of the CLO Fund Associate:
- Reporting to the Head of Fund Control and working closely with the Portfolio Managers and Credit Analysts you will be responsible for the following:
- Oversight of all Primary and Secondary Loan Closing activities and bond/FRN settlement
- Daily reconciliation of the CLO portfolio holdings and the associated cash activity
- Monitor and maintain the collateral portfolio in Wall Street Office to ensure all Portfolio Profile, Collateral Quality and Coverage tests are accurate
- Daily portfolio pricing and NAV calculations
- Hypothetical trade testing and oversight of the Collateral Administrator(s) hypothetical testing
- Communicate all trading activity to the Collateral Administrator(s) promptly
- Ensure all funding draw-downs are completed in a timely and accurate manner
- Maintaining a spreadsheet of credit ratings and recovery rates and notifying the wider team of any changes
- Maintaining a diary of ratings review dates
- Weekly internal reporting to communicate the current fund status and the trends of key portfolio compliance tests and collateral composition
- Completion of all Administration forms for Primary Loans
- Ensuring all KYC documents are up to date and the provision of docs upon request
- Maintain a database of all invoices, allocate across funds and ensure timely payment
- Loan Closing and for maintenance of the collateral database and related software
Skills required of the CLO Fund Associate:
- 3 or more years’ experience in a support function in financial services or related sector
- CLO/CDO experience preferable
- Ability to understand and interpret deal documentation
- Syndicated Loan experience
- Degree qualified ideally
- A personable individual with very good communication skills who can multi-task and prioritise a diverse workload
- An individual with attention to detail and able to thrive working under pressure with multiple deadlines
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