The posting
Job Description
About Citco:
The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.
About the Team & Business Line:
Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.
Responsibilities
Your Role:
- You will understand the role of Loan Services in generating reporting in support of NAV process and actively liaise with various internal departments to meet monthly/quarterly NAV deliverables
- You will act as point of contact for client queries/requests and drive resolution of issues relating to client accounts
- You will receive new trade details from client and manage process to ensure settlement within satisfactory market timescales
- Provide clear instructions to loan processing team to onboard new facility/loan into loan management system and validate inputs after completion
- Ensure accuracy of processing loan activity (draws, repayments, reallocations, scheduled and ad-hoc waterfalls)
- You will conduct reviews of LMA/LSTA, PAR/Distressed trade documents including trade confirmations, transfer certificates and pricing letters for accuracy
- You will pro-actively liaise with trade counterparties and agent banks as required in order for timely settlement of trades
- You will co-ordinate with clients and treasury teams that trades are funded correctly on settlement date
- You will maintain up to date trade status records in order to provide reporting to management and client on regular basis
- You will ensure trades are accurately settled on back office loan system and documents stored for audit requirements
Qualifications
About You:
- You are analytical, organized with ability to handle various responsibilities simultaneously and prioritize effectively
- You are hands-on and comfortable learning new applications and sourcing information from numerous systems
- You are flexible and comfortable adapting to fluid operational requirements and deliverables
- You are capable of communicating in a strong and professional manner with diverse internal and external stakeholders, as well as escalating issues to management in a timely manner
- You have a minimum of 2-4 years experience in a similar function within a fund administrator with Loan Servicer experience an advantage
- You have experience of a range of debt product types including, but not limited to, syndicated (par & distressed), bilateral, direct lending originations, commercial real estate loans, total return swaps, letters of credit
- You have strong Microsoft excel capabilities, with previous experience of ClearPar loan system a benefit, but not essential
Our Benefits
Your well-being is of paramount importance and central to our success here at Citco. Citco offers a comprehensive and competitive total rewards package to support your career success and personal needs. Your base salary will be determined by several factors such as the role, experience, skillset, market conditions, etc. Furthermore, qualifying positions can participate in an annual discretionary bonus pool based on company profitability and individual contributions. Our comprehensive benefits package includes medical, dental, and vision coverage, short and long-term disability benefits, a retirement savings plan, tuition reimbursement, mental health and wellness support, parental leave, and more. Additional details about our total rewards package will be shared during the hiring process.
At Citco, we take pride in fostering an inclusive culture by prioritizing the hiring of people from diverse backgrounds. Our culture is a source of pride and strength, fostering innovation, mutual respect, and collaboration. We warmly welcome and encourage applications from people with disabilities. If you require any accommodations to make our recruitment process more accessible for you, please let your recruiter know.
As an equal opportunity employer, Citco adheres to making all employment and personnel decisions without discriminating based on race, color, creed, religion, sex, physical disability, mental disability, age, marital status, sexual orientation, citizenship status, national or ethnic origin, or any other protected status. We believe that an inclusive workforce not only enriches our company but also drives us towards greater success.
Please note that this job description is not intended to be all-inclusive. Our employees may perform other job-related duties as needed to meet the ongoing needs of our organization.
