Deutsche Bank
CLO & Private Credit Services – Account Administrator – NCT to Associate
Deutsche Bank, Santa Ana, California, United States, 92725
Job Description
Job Title: CLO & Private Credit Services — Account Administrator Corporate Title: NCT to Associate Location: Santa Ana, CA (ALL ROLES TO BE CONSIDERED)
Overview CLO & Private Credit Services was started back in 2000. Our staff of professionals provides trustee, calculation agent, collateral administration, and custodian services on over 400 SPVs both domestically and throughout Europe. The Account Administrator would be responsible for the cash management, mutual fund investing, FX trades and non-USD wires, cash ledger reconciliations, and identification of uninvested cash for our CLO product.
What We Offer You
A diverse and inclusive environment that embraces change, innovation, and collaboration
A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
Educational resources, matching gift, and volunteer programs
What You’ll Do
Responsible for daily cash management and mutual fund investment for CLOs and other structured products. Initiate and arrange for the release of wires for daily trade settlements. Set up FX trades and non-USD wires
Reconcile daily cash receipts. Research and identify any missing or uninvested cash for your portfolios
Oversight of day-to-day operational/client service activities while monitoring controls such as review and reconciliation of overdrawn accounts or breaks reports
Closely work with account managers to ensure all the client / bondholder queries and escalations are being handled in a timely and accurate manner
Communicate with collateral managers, accountants and bondholders
Close interaction with DB Operations and Account Administrators
Skills You’ll Need
BA/BS, preferably in Accounting, Finance, Business or Economics
Relevant experience with CLOs
Understanding of bank loans – BSL, middle market and private credit loans.
Understanding of general accounting and financial reporting principles
Competent in all MS Office products; Advanced MS Excel abilities, familiarity with complex formulas and modelling techniques, a plus
Skills That Will Help You Excel
Familiarity with wiring instructions, SWIFT payments a plus.
Experience reviewing credit agreements a plus
Strong written/verbal communication skills.
Strong organizational skills.
Experience with Solvas-CDOSuite, a plus
Expectations It is the Bank’s expectation that employees hired into this role will work in the Santa Ana, CA office in accordance with the Bank’s hybrid working model. Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion. The salary range for this position in California is $60,000 to $110,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.
EEO Statement Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law.
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Overview CLO & Private Credit Services was started back in 2000. Our staff of professionals provides trustee, calculation agent, collateral administration, and custodian services on over 400 SPVs both domestically and throughout Europe. The Account Administrator would be responsible for the cash management, mutual fund investing, FX trades and non-USD wires, cash ledger reconciliations, and identification of uninvested cash for our CLO product.
What We Offer You
A diverse and inclusive environment that embraces change, innovation, and collaboration
A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
Educational resources, matching gift, and volunteer programs
What You’ll Do
Responsible for daily cash management and mutual fund investment for CLOs and other structured products. Initiate and arrange for the release of wires for daily trade settlements. Set up FX trades and non-USD wires
Reconcile daily cash receipts. Research and identify any missing or uninvested cash for your portfolios
Oversight of day-to-day operational/client service activities while monitoring controls such as review and reconciliation of overdrawn accounts or breaks reports
Closely work with account managers to ensure all the client / bondholder queries and escalations are being handled in a timely and accurate manner
Communicate with collateral managers, accountants and bondholders
Close interaction with DB Operations and Account Administrators
Skills You’ll Need
BA/BS, preferably in Accounting, Finance, Business or Economics
Relevant experience with CLOs
Understanding of bank loans – BSL, middle market and private credit loans.
Understanding of general accounting and financial reporting principles
Competent in all MS Office products; Advanced MS Excel abilities, familiarity with complex formulas and modelling techniques, a plus
Skills That Will Help You Excel
Familiarity with wiring instructions, SWIFT payments a plus.
Experience reviewing credit agreements a plus
Strong written/verbal communication skills.
Strong organizational skills.
Experience with Solvas-CDOSuite, a plus
Expectations It is the Bank’s expectation that employees hired into this role will work in the Santa Ana, CA office in accordance with the Bank’s hybrid working model. Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion. The salary range for this position in California is $60,000 to $110,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.
EEO Statement Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law.
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