Clo Leverage Loan Operations

CLO Operations Associate Overview

• As a CLO Operations Associate, you will support operations, accounting, trading, and investment teams within a dynamic credit management platform.
• Collaborate with analysts to project CLO cash flows and monitor deal and warehouse cash balances.
• Perform portfolio reviews, reconciliations, and corporate action monitoring with trustees and administrative providers.
• Engage in trade settlement processes for loans, bonds, and equity, ensuring accuracy and compliance.
• Coordinate with audit and tax teams for new issue CLO warehouse management and related procedures.
• Support the Capital Markets/Structuring team in CLO transactions, including resets and refinancings.
• Utilize tools like ClearPar, Sentry, and Wall Street Office for loan processing and reconciliation tasks.
• Contribute to ad hoc projects, reporting, and analysis to enhance operational efficiency.

CLO Operations Associate Key Responsibilities & Duties

• Reconcile open trades and oversee settlement processes for various financial instruments.
• Project and monitor CLO cash flows, ensuring accurate calculations for warehouse fundings.
• Perform daily portfolio reviews and reconciliations with trustees and administrative providers.
• Ensure proper updates and actions for portfolio corporate actions with service providers.
• Manage new issue CLO warehouse procedures, including closing and effective date coordination.
• Assist in CLO transactions, including new issues, resets, and refinancings.
• Run hypothetical trades to ensure compliance with CLO indentures and support investment decisions.
• Resolve inquiries or discrepancies related to bank loans with fund accountants and administrators.
• Participate in ad hoc projects, reporting, and analysis to support operational goals.

CLO Operations Associate Job Requirements

• Bachelor’s degree in a relevant field is required.
• 3-7 years of operations experience in banking, audit, or CLO/fixed income management.
• Proficiency in ClearPar and loan settlement processes is essential.
• Experience with Sentry, Wall Street Office, or similar loan processing systems is preferred.
• Strong analytical and communication skills are crucial for success in this role.
• Familiarity with LevPro or equivalent portfolio management systems is advantageous.
• Knowledge of CLO indenture compliance and reporting processes is highly desirable.
• Comfortable with cash and position reconciliation tasks.
• Ability to manage multiple responsibilities and meet deadlines in a dynamic environment.