Alternative Operations Associate

Alternative Operations Associate Overview

• The Alternative Operations Associate will support private credit and alternative investment operations, focusing on loan-based financings, preferred equity, and bespoke structures.
• Collaborate with portfolio managers, account managers, and external service providers to ensure accurate settlement and reporting of private loan investments.
• Engage in lifecycle management of private and originated loan trades, including settlement oversight and funding coordination.
• Provide expertise in credit agreement interpretation, loan accruals, and deal maintenance to support insurance and reinsurance clients.
• Enhance operational controls and oversee non-standard alternative transactions across the organization.
• Participate in cross-functional projects and process improvement initiatives to optimize operational efficiency.
• Liaise with vendors and custodians to support service enhancements and new product solutions.
• Contribute to strategic initiatives and special projects to drive organizational success.

Alternative Operations Associate Key Responsibilities & Duties

• Support settlement and lifecycle management of private and originated loan trades, including loan-based financing and preferred equity.
• Provide operational coverage for portfolio managers, including deal settlement, funding coordination, and cash movements.
• Review and interpret credit agreements to operationalize key terms, including accrual mechanics and payment schedules.
• Educate service providers and internal partners on deal mechanics and structuring.
• Support complex loan amendments, restructurings, and other non-standard lifecycle events.
• Collaborate with account managers to address trade booking inquiries and reporting needs.
• Enhance controls and oversight for alternative transactions and bespoke loan financings.
• Manage cross-functional projects focused on process improvement and workflow development.
• Engage with vendors and custodians to support service upgrades and new product solutions.

Alternative Operations Associate Job Requirements

• Bachelor’s degree in a relevant field is required.
• Minimum of 5 years of operational experience in private and direct originated debt or equity.
• Strong knowledge of loan-based products, including term loans, revolvers, and delayed draws.
• Hands-on experience with credit agreements, loan accruals, and deal maintenance.
• Familiarity with private equity fund frameworks and alternative investment structures.
• Proficient in Excel for analyzing large data sets efficiently.
• Proven track record in managing complex securities and financing instruments.
• Experience with fund accounting and lifecycle event recording for various asset classes.
• Ability to manage relationships with custody and accounting service providers.