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Position: Distressed Loan Closer
Job Number: MS04098
Location: NY - New York City
Date Posted: 2017-12-21
Salary Range: $81-100k $101-125k
Job Summary:

Top Hedge Fund seeking a Distressed Loan Closer to join their growing firm! 

Company Information:

Name: Premier Hedge Fund

Job Description:

  • Coordinating trade settlements in the Syndicated Loan Market
  • Interacting with counterparties, traders, banks and administrative agents to close par loan trades
  • Having daily interaction with asset managers, analysts and traders to facilitate communication and accurately reflect loan positions and open trades
  • Managing both settled balances and cash balances to schedule trade closings with counterparties
  • Performing daily, weekly and ad-hoc reporting for upper management
  • Maintaining a dialogue with peers in other lead banks and institutional investors
  • Executing mandates and managing the sell-down process
  • Troubleshooting, escalating and solving problems that arise from trade discrepancies
  • Managing amendments, non-pro-rata paydowns,PIK events and restructurings:  soliciting votes where appropriate, communicating issues with counterparties, preparing spreadsheets with paydown and delayed compensation calculations
  • Performing other projects as needed
  • Performing key administrative duties in the settlement process including:  onboarding new clients through appropriate KYC channels, reconciling trade blotters, preparing audit confirms
  • Monitoring and following up on aged trades and unsigned documents

Requirements / Qualifications:

· Motivated Self Starter with 3-5 years of Distressed Loan Closings / Special Situations Settlement experience

· Ability to work in a challenging fast paced / improvisational environment

· Prior Buy-Side experience is a plus

· General Buy-Side Operations Knowledge

· General Knowledge of Listed Securities Settlement

· Wall Street Office Experience 


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