Job Description
THE FIRM’S CREDIT HEDGE OVERVIEW
This hedge is a leading global credit specialist with multi-billions in assets under management. The Firm’s Credit Hedge invests up and down the capital structure and across the spectrum of credit strategies, including leveraged loans, high-yield bonds, distressed debt, private lending, structured products, non-performing loans and equities. Their team of more than 200 professionals creates value through rigorous, independent analysis of thousands of corporate issuers around the world. In addition to credit, the Firm invests across asset classes including private equity, public equity and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus.
FIRM OVERVIEW
This Firm is one of the world’s leading private multi-asset alternative investment firms with over one hundred billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since founding, they’ve applied their insight and experience to organically expand into several asset classes including private equity, credit, public equity, venture capital and real estate. They leverage their shared platform to capture cross-asset class opportunities in strategic areas of focus. With offices on four continents, their global team aligns their interests with those of their investors for lasting impact.
KEY RESPONSIBILITIES
Will include some or all of the following for Collateralized Loan Obligations and other fixed income funds:
· Oversight of all aspects of Indenture compliance and financial reporting including:
o Daily analysis of investment activity and compliance reporting.
o Monthly review of reconciliation with Trustee’s Indenture compliance reports.
o Review of funds’ quarterly distributions.
o Weekly performance reporting.
o Assist in preparation of investor reports and requests.
o Annual Financial Statements for tax returns.
o Intercompany reporting (e.g. Investor Relations, Diligence, the Firm’s Corporate division, G.P., Coinvest, Compliance, Tax, Legal, and other Firm investment divisions)
o Frequent / Challenging / Unique Ad hoc requests including trade recommendations for portfolio manager
o Analysis of funds’ performance
o Application of provisions described in complex legal documents (e.g. Indentures) including closing and modeling new funds.
· Oversight of all aspects of Credit Agreement compliance and reporting for various bespoke financing arrangements, which includes items listed in point above as well as:
· Borrowing base management and availability, ensuring compliance and timely funding of new investments.
· Stay abreast on the current pipeline of deals to anticipate cash needs and ensure best optimization.
· Frequent interaction with lenders and administrative agents throughout entire asset approval process, from initial asset approval request to borrowing base inclusion and cash advance.
· Oversight of all credit agreement financial covenants and compliance certificate reporting.
· Close interaction with Portfolio Management team to address issues surrounding investment objectives and constraints within each fund’s investment mandate. Responsible for having an understanding of asset classes owned within each fund, which may include bank loans, bonds, equities, credit default swaps, structured products and FX hedges.
· Close interaction with deal staff to address any question that arises as part of the reporting process. Responsible for understanding the nature of their question and addressing accordingly either through providing additional information as needed or developing new solutions to address their needs.
· Close interaction with Operations and outside Administrators when issues are discovered as part of the reporting process. Responsible for determining the root cause of the issues encountered, determining effective solutions, and then overseeing the implementation of those solutions.
· Close interaction with Investor Relations to address any questions from investors.
· Close interaction with internal IT and outside consultants to achieve implementation of systematic solutions/efficiencies in relation to compliance and accounting systems and recurring reporting requests. Assist in the design of solutions, as well as ownership of the user acceptance testing and implementation of solutions. Propose new initiatives as challenges/inefficiencies arise.
· Interaction with tax accountants for the preparation of tax returns and K-1’s / PFICs.
GENERAL QUALIFICATIONS
· 2+ years of work experience in a rigorous environment. Tax or audit experience in public accounting a plus.
· Strong ability to prioritize multiple responsibilities and work under tight deadlines.
· Self-starter with initiative. Ability to work unsupervised.
· Strong analytical problem-solving skills.
· Strong interpersonal skills with capacity to interact with outside parties and personnel across all levels of the firm.
· Ability to decipher complex legal documents.
· Dedicated team player with a strong sense of ownership and follow-through skills
· Detail-oriented, conscientious and energetic professional.
· Strong Excel skills including the ability to develop efficient Excel templates from scratch. Experience with macros not needed.
· Strong ability to think outside the box to develop solutions to Frequent / Challenging / Unique Ad hoc requests in order to deliver the desired result/information when quite often starting from a blank slate.
REQUIRED EDUCATION
· Four-year college degree with a strong academic background.
· Major in accounting, finance and/or related degree preferred.
· CPA or equivalent qualification a plus. Work toward or an interest in pursuing a CFA charter a plus.
Effective November 1, 2021, all new U.S. hires must be fully vaccinated against COVID-19 (e.g. 14 days past their final dose of the COVID-19 vaccine and if eligible, have received their COVID-19 booster) or have received a religious or medical exemption from the firm’s Human Resources team.