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Open nowPosted 2 days ago

Private Fund Operations, Vice President

guggenheiminvestment13 open roles

Pay
$155,000 – $170,000 a year
Where
New York NY
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Your applicationOpen nowPrivate Fund Operations, Vice Presidentguggenheiminvestment · New York NY
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The clock on this job

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9.8% of postings close within 7 days. Measured by our own scanner across the market. guggenheiminvestment postings stay open a median of 9 days.

Share of postings closed within
  1. 1.9%1 day
  2. 3.9%3 days
  3. 9.8%7 days
  4. 15.6%14 days
  5. 33.9%30 days
This job: posted 2 days ago

guggenheiminvestment median: 9 days open

The posting

Position Summary

Guggenheim Investments seeks an experienced Vice President, Operations who has experience with Private Debt Funds. The team currently provides administration and servicing oversight on transactions originated by Guggenheim Investments and its affiliates including Private Debt Funds and ABL Financing.

This hands on and leadership role is responsible for execution, reporting, and servicing of Private Debt Funds and credit facilities. This role is located in New York City, full-time.

Responsibilities

Key Responsibilities:

  • Work closely with deal team to assist in structuring and review of transaction documents, and assurance that documents reflect modeled structures
  • Work closely with Client Service Support to initiate the establishment of transactional entities and opening of required accounts including approval and setup of new transactions on relevant Guggenheim operational control systems
  • Direction of execution of cash and securities transactions and funds flow
  • Development ongoing transaction procedures and assignment of responsibilities
  • Direct communication with internal deal/structuring teams pertinent to administrative obligations of transactions.
  • Management of transaction structures involving counterparties, servicers, trustees, fund administrators, and Guggenheim operational and control functions
  • Execution of amendment, restructuring, and closure of entities at end of transactions.
  • Implementation and continued enhancement of processes and procedures tailored to entities administered and serviced, in coordination with firmwide policy and procedure standards.
  • Develop and maintain model that provides testing guidelines including overcollateralization, interest coverage and collateral quality tests specified in Indentures by use of proprietary models
  • Review and tie-out extensive data for trustee monthly and quarterly payment reports
  • Maintain borrowing base files for leverage facilities and facilitate any fundings or paydowns on the leverage as directed by portfolio management
  • General fund oversight which includes monitor and maintain covenants of leverage facilities
  • Shadow and review waterfall calculations and servicer report
  • Assist manager with data collection for any ad hoc requests related to due diligence/RFP, and audit

Qualifications

Basic Qualifications

  • Strong credit, finance, economic, business and technical skills and attention to detail
  • Excellent analytical and problem-solving skills; ability to structure creative solutions
  • Works with a large degree of independence but requires guidance on complex issues/situations
  • Is highly proactive with strategies to improve processes and efficiencies
  • Able to review governing transaction documents and understand how to execute correctly on transactions
  • Strong and written and verbal communication skills
  • Strong commitment to performance and accuracy of work product
  • Team oriented individual with ability to work well with diverse and geographically dispersed groups
  • Sets and achieves individual and team goals
  • Ability to multi-task across a robust pipeline of diverse investments in a detail-oriented and timely manner

Preferred Qualifications

  • Business degree
  • 6+ years (VP) experience in investment management or banking operations including structured finance and SPV issuers.
  • Progress towards CFA

We are not seeking agency assistance with this role.

We are unable to consider candidates who require current or future visa sponsorship for employment in the United States. Candidates must be authorized to work in the US without current or future visa sponsorship or transfer.

Salary Range

Annual base salary between

$155,000.00-$170,000.00

The base salary range represents the low and high end of the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and experience. The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.

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