Loan Operations

Loan Operations – NYC

Our client is expanding their Operations team and hiring into a newly created position. This is a rare opportunity to break into the buy-side at the 0–2 year level, with the chance to build a strong foundation in loan operations. The role will begin on a temporary basis with the opportunity to convert to a permanent employee.

Key Responsibilities

• Process daily portfolio activity, including interest rate resets, principal movements, and interest payments
• Oversee offshore reconciliation support, ensuring accurate daily cash and position reconciliations across multiple funds
• Reconcile positions and cash balances against custodians, fund administrators, and counterparties
• Review and execute amendments, restructurings, and other corporate actions, partnering closely with Finance & Accounting, Valuations, and Front Office teams
• Prepare monthly and quarterly close packages for Finance & Accounting, including open reconciliation items, trade summaries, accrual data, and identification of control risks
• Maintain ownership of assigned portfolios, providing ongoing reporting, operational support, and ad hoc analysis for portfolio managers and controllers

Qualifications:

• Bachelor's degree in Finance, Economics, Business, Accounting, or related field (3.5 GPA or higher strongly preferred)
• 0–2 years of experience, including internships in Operations or Treasury within a financial services firm
• Familiarity with the syndicated loan market
• Understanding of Loan Facility Agreements and related legal documentation
• Experience processing credit events within internal systems
• Working knowledge of general ledger functions
• Exposure to loan, TRS, and fixed income settlements is a plus
• Ability to work onsite in Manhattan five days per week
• Open to starting in a temporary capacity with intent to convert full-time