Barings
Senior Associate, Private Settlements Credit Admin
Barings, Charlotte, North Carolina, United States, 28245
Overview
Senior Associate, Private Settlements Credit Admin Location: Charlotte, NC Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific. Job Summary
Responsible for managing the full trade settlement lifecycle of an allocated set of Private Loan/Equity names on a timely and accurate basis, ensuring related activities are conducted effectively. Primary Responsibilities
Work closely with multiple investment deal teams and operational teams to effectively book and fund new bank loan and equity trades, as well as current DDTL and Revolver Draws. Coordinate settlement efforts with internal teams including Legal, Compliance, Finance, Deal Teams, FX and Middle Office as required. Review and understand loan documentation including Credit Agreements, Assignment Agreements and Funding Memos. Handle all aspects of settlements including booking and funding of trades in Aladdin and Clearpar. Ensure fundings are complete, accurate and fully reconciled. Monitor, track and report all trades using appropriate workflow tools. Perform daily position and cash reconciliation. Identify and escalate issues to in-house legal and compliance teams as well as management. Liaise with Administrative Agents with regards to KYC documentation, including administrative details, tax and fund formation documents. Develop a network of effective relationships with counterparties, agents and internal teams. Identify process efficiencies and marginal gain opportunities for the team. Assist line management with initiatives and projects as required. Qualifications
Private loan closing experience in loan settlements and 2-3 years experience in finance or banking industry preferred. Knowledge of loan and equity settlements. Good knowledge of loan transfer documentation. Experience and understanding of SWIFT settlements. Numerate with high attention to detail. Clear and confident communicator, both verbally and in writing. Proactive with ability to work with minimum supervision (post training). Ability to work to tight deadlines and flexible to meet personal and team workload. Strong background with loan position and cash reconciliations between systems (WSO/Custodians/Aladdin). Methodical thinker, able to resolve complex issues on a daily basis. Requisite / Additional Skills
Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Additional skills as relevant to the role are welcome. Benefits
Medical (including Virtual Care), Prescription, Dental, and Vision Coverage Fitness Center Reimbursement Program (Including Online Memberships) Employee Assistance Program (EAP) Fertility Benefits Highly competitive 401(k) Plan with Company Match Health Savings Account (HSA) with Company Contributions Flexible Spending Accounts (FSA) - Health Care & Dependent Care Retirement Health Reimbursement Account Basic and Supplemental Life Insurance Spouse and Child Life Insurance Paid Vacation, Sick Days and Annual Holidays Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time) Short and Long Term Disability Plans Paid Volunteer Time Education Assistance Program Charitable Matching Gifts Program Commuter Reimbursement Program Adoption and Surrogacy Reimbursement Program Seniority level
Mid-Senior level Employment type
Full-time Job function
Accounting/Auditing and Finance
#J-18808-Ljbffr
Senior Associate, Private Settlements Credit Admin Location: Charlotte, NC Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific. Job Summary
Responsible for managing the full trade settlement lifecycle of an allocated set of Private Loan/Equity names on a timely and accurate basis, ensuring related activities are conducted effectively. Primary Responsibilities
Work closely with multiple investment deal teams and operational teams to effectively book and fund new bank loan and equity trades, as well as current DDTL and Revolver Draws. Coordinate settlement efforts with internal teams including Legal, Compliance, Finance, Deal Teams, FX and Middle Office as required. Review and understand loan documentation including Credit Agreements, Assignment Agreements and Funding Memos. Handle all aspects of settlements including booking and funding of trades in Aladdin and Clearpar. Ensure fundings are complete, accurate and fully reconciled. Monitor, track and report all trades using appropriate workflow tools. Perform daily position and cash reconciliation. Identify and escalate issues to in-house legal and compliance teams as well as management. Liaise with Administrative Agents with regards to KYC documentation, including administrative details, tax and fund formation documents. Develop a network of effective relationships with counterparties, agents and internal teams. Identify process efficiencies and marginal gain opportunities for the team. Assist line management with initiatives and projects as required. Qualifications
Private loan closing experience in loan settlements and 2-3 years experience in finance or banking industry preferred. Knowledge of loan and equity settlements. Good knowledge of loan transfer documentation. Experience and understanding of SWIFT settlements. Numerate with high attention to detail. Clear and confident communicator, both verbally and in writing. Proactive with ability to work with minimum supervision (post training). Ability to work to tight deadlines and flexible to meet personal and team workload. Strong background with loan position and cash reconciliations between systems (WSO/Custodians/Aladdin). Methodical thinker, able to resolve complex issues on a daily basis. Requisite / Additional Skills
Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Additional skills as relevant to the role are welcome. Benefits
Medical (including Virtual Care), Prescription, Dental, and Vision Coverage Fitness Center Reimbursement Program (Including Online Memberships) Employee Assistance Program (EAP) Fertility Benefits Highly competitive 401(k) Plan with Company Match Health Savings Account (HSA) with Company Contributions Flexible Spending Accounts (FSA) - Health Care & Dependent Care Retirement Health Reimbursement Account Basic and Supplemental Life Insurance Spouse and Child Life Insurance Paid Vacation, Sick Days and Annual Holidays Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time) Short and Long Term Disability Plans Paid Volunteer Time Education Assistance Program Charitable Matching Gifts Program Commuter Reimbursement Program Adoption and Surrogacy Reimbursement Program Seniority level
Mid-Senior level Employment type
Full-time Job function
Accounting/Auditing and Finance
#J-18808-Ljbffr