Job Description
FIRM CREDIT HEDGE OVERVIEW
This firm’s Credit hedge is a leading global credit specialist with an impressive number of assets under management. It 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 diverse team 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 an impressive number of assets under management that creates lasting impact for their 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, real estate and venture capital. 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
Contribute to the operational management of hedge’s middle market CLO’s and fund financing arrangements across a spectrum of private credit funds, including the firm’s Specialty Finance, a registered business development company
Contribute to the development of new bespoke fund-level financing solutions and other strategic initiatives
Close interaction with the Portfolio Management team to address issues surrounding investment objectives and make recommendations on how to best optimize fund structures
Oversight of all aspects of indenture/credit agreement compliance and reporting requirements, including financial covenants and compliance certificates
Review and reconcile trustee compliance reports and waterfall distribution calculations
Prepare and maintain borrowing base calculations, work with deal teams and agents throughout entire asset approval process, and position levered funds to be ready for funding
Coordinate and work with rating agencies to obtain credit estimates for portfolio companies
Manage and forecast liquidity and fund-level credit metrics, factoring in expected sources, uses and financing assumptions.
Stress test fund-level liquidity, leverage and financial covenants for downside scenarios
DESIRED BACKGROUND/EDUCATION
2-4 years of experience at an alternative asset manager, preferably working within private credit and/or CLO’s
Four-year college degree with a strong academic background.
Experience with Geneva Global Portfolio Accounting a plus
GENERAL QUALIFICATIONS
Strong interpersonal skills with capacity to interact with outside parties and personnel across all levels of the firm
High attention to detail and a high standard for accuracy and responsiveness
Ability to effectively prioritize responsibilities and work under strict deadlines
Strong problem-solving skills and solutions oriented approach
Dedicated team player with a strong sense of ownership and follow-through skills
Ability to decipher complex legal documents and credit agreements
Strong Microsoft Excel skills