October 06, 2022

Finance- CLO, Operations

Locations: New York, NY; Rosemont/Chicago, IL; Remote/WFH

KIS is searching for an experienced CLO operation professional to support the Loan and CLO Platform, a new business line for the firm as it further expands into the management of third-party assets. This individual will oversee the services we outsource specific to all loan and CLO workflows that a Collateral Manager must perform. Additionally, this individual will provide operational support to senior management and should be detail-oriented, prepared to work in a fast-paced environment with daily deadlines, and have a proven ability to work with external service providers.

Duties and Responsibilities

  • Perform oversight and governance of all operational and compliance aspects of the CLO business, including oversight of outsourced services and Trustee relationship management.
  • Manage bank loan trade settlements with the outsourced vendor while ensuring accurate posting of trades on internal systems.
  • Monitor all trades within the CLOs on a pre-settlement basis to ensure compliance with the CLO Indenture requirements.
  • Test and validate new compliance model as per the CLO Indenture; providing feedback to Middle Office Service provider and Trustee as needed.
  • Manage internal/external inquiries and reporting requests, prepare monthly metrics and reporting for senior management review.
  • Work closely with our Middle Office Service provider and Trustees to ensure all trade events, Rating Agency actions, and cash movements are gathered and reconciled for all reporting requirements.
  • Oversee cash and position breaks with trustees and internal/external operational teams.
  • Review Monthly Trustee Reports for accuracy and completeness, supervising the tie-out process to ensure timely delivery.
  • Verify quarterly waterfall calculations to ensure correct distributions.
  • Assist in new account setup as well as KYC.
  • Liaise between investment team and technology vendor to troubleshoot issues and prioritize enhancement requests
  • Support new fund launches by managing operations from the warehousing stage through Closing Date and Effective Date, including approval of Flow of Funds.
  • Establish proper controls and create efficiencies to mitigate risk and improve processes.
  • Liaise between investment team and technology vendor to troubleshoot issues and prioritize enhancement requests
  • Manage strategic projects and initiatives as well as prioritize information technology needs and requirements in the development of an industry-leading CLO platform

Experience

  • Work experience 7+ years in CLO operations at buy-side firm, trustee, CLO middle office service provider, or CLO accounting firm.

Skills/Competencies

  • Strong knowledge and understanding of bank loan processing are required.
  • Excellent verbal and written communication skills are required.
  • Attention to detail and self-starter.
  • Ability to implement tasks and projects in a fast-paced environment.
  • Proven ability to work with external service providers.

Kuvare company is an equal opportunity employer that makes hiring decisions based on merit, qualifications, and the business need. We are dedicated to a policy of nondiscrimination in employment on any basis including age, sex, color, race, creed, national origin, religious persuasion, marital status, political belief, or disability that does not prohibit performance of essential job functions. We encourage all qualified candidates to apply.

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