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Alternative Investment Management

Title Fund Accountant – Private Credit
Categories Accounting, Alternative Investment Management, Fund Accounting
Location New York, NY
Job Information

Our elite global Alternative Investment Management client is seeking to recruit a Fund Accountant to support their private credit direct lending platform (approximately $30B AUM). The ideal candidate will have a CPA with mix of public/private accounting, or be actively in progress to obtain the CPA license.

Responsibilities:

  • Maintain the books and records of several funds in accordance with US GAAP
  • Produce accurate monthly NAVs
  • Conduct month-end review of reconciliations, trading PNL and accruals
  • Oversee the quarterly preparation of several funds financial statements, as well as year-end audited financial statements and related footnotes
  • Perform fund accounting, reporting and analysis
  • Interact frequently with third-party fund administrators
  • Work closely with Front Office, Investor Relations, Operations, IT, Tax and Legal
  • Respond to investor relations information requests in a timely manner
  • Manage, review and modify (as needed) accounting/financial systems, procedures, and processes
  • Perform ad hoc projects as required

Requirements:

  • Bachelor’s Degree in Accounting
  • 2-5 years of public accounting (Big 4 Investment Management audit experience preferred) or a mix of public and private fund accounting experience
  • Licensed CPA, or be actively in progress to obtain the CPA license
  • Fundamental understanding of accounting structures associated with private equity or closed end funds
  • Experience with capital allocation, waterfall and management fee calculations
  • Proficient Excel and Word skills
  • Knowledge of fixed income products
  • Highly motivated, detail oriented and deadline driven
  • Excellent communication and collaboration skills
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Title Loan Servicing Specialist
Categories Alternative Investment Management, Loan Servicing, Middle Market
Location New York, NY
Job Information

Our elite global Alternative Investment Management client is seeking to recruit a Loan Servicing Specialist to service and process full loan lifecycle events for agented and non-agented middle market loans including but not limited to interest rollovers, rate sets, paydowns, revolver borrowings and PIK loans.

Responsibilities:

  • Service and process full loan lifecycle events for agented and non-agented middle market loans including but not limited to interest rollovers, rate sets, paydowns, revolver borrowings and PIK loans
  • Manage full lifecycle processing of loans and securities
  • Book new transactions, interest rollovers, principle payments, etc.
  • Interact frequently and effectively with borrowers, deal teams and lenders
  • Analyze and interpret credit agreements and legal documentation effectively
  • Collaborate with multiple fund administrators to analyze profit and loss statements (P&L), cash breaks and to reconcile positions
  • Assist deal teams and borrowers with daily revolver activity
  • Perform daily book vs. broker cash reconciliations
  • Enter wires for loan settlements in a timely manner
  • Perform IRR calculations
  • Work closely with internal and external stakeholders

Requirements:

  • Bachelor’s Degree
  • 3+ years of loan servicing, loan accounting or loan operations experience in a middle market lending environment
  • Wall Street Office (WSO) systems experience preferred
  • Advanced Excel skills
  • Fundamental knowledge of broadly syndicated loans, PIK loans, Par vs. Distressed Loans, Delayed Comp Fees, etc.
  • Fundamental understanding of P&L analysis and loan accounting standards
  • Excellent communication skills with the proven ability to interact effectively with internal and external stakeholders
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Title Investment Operations Associate
Categories Alternative Investment Management, Investment Operations, Middle Office
Location New York, NY
Job Information

Our elite Alternative Investment Management client is seeking to recruit an Investment Operations Associate to reconcile cash transactions, ensure the accuracy of cash activities and provide trading and operations support across multiple investment strategies.

Responsibilities:

  • Reconcile cash transactions, ensure the accuracy of cash activities and provide trading and operations support across multiple investment strategies
  • Reconcile book-side and bank-side cash transactions on a daily basis
  • Proactively resolve all cash discrepancies and operational issues in a timely manner
  • Assist with cash clearing and develop procedures to automatically clear cash breaks
  • Identify and remedy differences between booked and actual cash balances
  • Ensure accuracy of cash feeds and resolve discrepancies with counterparties as required
  • Work closely with offshore team in India and oversee cash reconciliations, team training, team onboarding and fostering consistent collaboration with NY office
  • Work closely with external fund administrators on cash and position reconciliations
  • Assist with process improvement, cash reconciliation automation, operational risk and special projects

Requirements:

  • Bachelor’s Degree
  • 2+ years of sell-side or buy-side middle office or back office operations
  • Proficiency with MS Office applications, particularly Excel
  • Highly motivated with the ability to learn quickly
  • Outgoing and personable with the demonstrated ability to interact effectively with senior management and offshore teams
  • Strong attention to detail and strong project management skills
  • Standard daily work hours: 9:00AM-6:30PM ET – ability and willingness to work overtime as required, particularly when there are daily cash reconciliation discrepancies
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Title Senior Investment Operations Associate – Derivatives
Categories Alternative Investment Management, Investment Management, Investment Operations
Location New York, NY
Job Information

Our global Alternative Investment Management client is seeking to recruit an Investment Operations Associate to provide trading and investment operations support with a primary focus on fixed income and derivative investment strategies.

Responsibilities:

  • Provide investment operations support across a variety of corporate and private investment strategies: non-performing loans (NPLs), private equity, real estate, distressed credit, emerging markets, FX hedging, etc.
  • Provide full trading lifecycle operations support to trading desks for all products traded
  • Book and reconcile trading positions and ensure proper settlement of daily trading activity
  • Collaborate with counterparties, fund administrators and prime brokers on daily trade reconciliation, month-end close, P&L analysis and cash reconciliations
  • Book fundings and capital returns for the private investment portfolio
  • Work with other investment operations trading desks on liquidity, P&L and hedging analysis
  • Document trading and allocation errors
  • Maintain financial data in the data warehousing system
  • Assist with automation and process improvement initiatives
  • Oversee and manage the proxy voting process

Requirements:

  • Bachelor’s Degree
  • 4+ years of investment and trading operations experience
  • Fundamental knowledge of corporate and provide alternative investment products – fixed income, derivatives, FX, etx.
  • Advanced Excel skills
  • Strong project management and time management skills
  • Excellent communication and interpersonal skills
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Title Quantitative Investment Strategist – Structured Products (ABS/RMBS)
Categories Alternative Investment Management, Asset Backed Securities, Financial Modeling, Python, Quantitative Finance, RMBS
Location New York, NY
Job Information

Our tier-1 global Alternative Investment Management client is seeking to recruit a Quantitative Investment Strategist to collaborate with key investment and technology stakeholders to develop and implement investment strategies, financial data analytics and proprietary financial models to forecast ABS and RMBS loan performance.

Responsibilities:

  • Collaborate with key investment and technology stakeholders to develop and implement investment strategies, financial data analytics and proprietary financial models to forecast ABS and RMBS loan performance
  • Work closely with traders and investment professionals to maximize absolute return across a variety of consumer ABS, mortgage and real asset investments
  • Perform quantitative analysis and develop financial models across residential mortgage (RMBS), real asset and consumer ABS asset classes (auto loans, personal loans, student loans, etc.)
  • Analyze prepayment and default behavior for residential mortgage and consumer ABS assets
  • Develop statistical models for various structured product asset classes
  • Work closely with traders, product controllers, risk management and IT/programmers
  • Oversee and manage mortgage model performance and related research
  • Manage the testing and implementation of internal and vendor pricing models
  • Assist with risk model and new product development

Requirements:

  • Bachelor’s Degree
  • Master’s or PhD in Statistics, Physics, Quantitative Finance, Mathematics, Financial Engineering or related field of study preferred
  • 5+ years of residential mortgage/consumer ABS deal structuring, default modeling and prepayment modeling experience
  • Demonstrated experience in the alternative investment management or investment banking industry directly supporting portfolio management, deal structuring and capital markets businesses
  • Advanced knowledge of structured/securitized product asset classes, particularly ABS and RMBS securities and collateral
  • Advanced experience analyzing, synthesizing, manipulating and managing large complex datasets and data pools
  • Advanced experience validating models and deploying models in a production environment
  • Technical programming proficiency with VBA/Excel, SQL and/or Python
  • Advanced business acumen and deep knowledge of the financial markets
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