Position: Prive Debt Operations Associate
Location: Boston, MA (Hybrid 2-3 days/week in office)
POSITION SUMMARY:
This position provides operational and financial support to the Private Debt Origination investment, investor relations, and management teams. This team member will work closely with the deal team in coordinating and executing the deal-closing process by reviewing legal documents, reviewing funds flows, recalculating fees, and executing wire transfers while promoting an environment of compliance, efficiency, accuracy, quality, and control. The ideal candidate is a self-motivated team player with strong technical skills able to materialize concepts into effective, concise, and timely action plans.
RESPONSIBILITIES:
- Work closely with the investment team in tracking investment pipeline, mandates, and closing
- Work with the investment team to review and/or create required materials for deal closing; credit agreement review, funds flow preparation, closing checklist maintenance, KYC requests
- Coordinate with internal and external counsel on investment structure, entity creation, and ongoing monitoring of investment entities
- Assist with Lead Agent responsibilities and manage external 3rd party sub-agent services
- Coordinate funding of DDTL and Revolver draws, including syndicate members
- Preparation and maintenance of leverage facility CMRs and compliance certificates
- Manage line of credit/subscription facility reporting and compliance for multiple funds, including preparation of borrowing notices, facility paydowns and interest expense tracking
- Prepare assignment and transfer agreements
- Daily communication with the finance team to maintain liquidity analysis and pending close reports
- Monitor interest payments and borrower compliance; address breaks and delinquency as needed
- Review capital call and distribution analyses
- Assist the team with audit requests related to deal activity
- Coordinate the opening of new bank accounts
- Identify continued process and reporting enhancements related to daily operations
REQUIREMENTS/QUALIFICATIONS:
- Bachelor's Degree in Finance, Accounting, or a related major; CPA or MBA a plus
- At least 3+ years of professional experience, primarily focused on debt products
- Experience in private debt operations, trading, accounting or banking is a plus
- Advanced knowledge of Excel
- Strong organizational skills with the ability to multitask and prioritize workload
- Strong interpersonal and communication skills
- Working knowledge of Investran, WSO, Clear Par and Black Mountain a plus
