Senior Associate

The Apex Group was established in Bermuda in 2003 and is now one of the world s largest fund administration and middle office solutions providers.

Our business is unique in its ability to reach globally, service locally and provide cross-jurisdictional services. With our clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13,000 employees across 112 offices worldwide.Your career with us should reflect your energy and passion.

That s why, at Apex Group, we will do more than simply empower you. We will work to supercharge your unique skills and experience.

Take the lead and we ll give you the support you need to be at the top of your game. And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities.

For our business, for clients, and for you

The Role & Key Responsibilities:

• Responsible for monitoring the deal transactions daily to ensure all cash, trades and other activities within the transaction are recorded by liaising with the relevant internal teams as required.
• Research and work with internal teams on reconciling cash balances, asset positions and data attributes to ensure both collateral admin & collateral manager are reflecting the correct data.
• Responsible for administering or providing oversight on CLO transactions including the analysis of compliance reporting along with the onboarding of new transactions.
• Interpret and analyze deal documents to ensure compliance of transactions as described in these deal documents.
• Liaise with clients, trustees, collateral managers auditors and other parties related to the transaction.
• Supports clients in addressing moderately complex operational issues ensuring requests are executed and escalated where applicable.
• Manage relationships with internal and external service partners to ensure CLO queries/reports are delivered in a timely manner.
• Provides direction to junior members of the team in the successful delivery of support or service.
• Assesses needs and suggests/promotes alternative approached to service models

• Asset administration: Responsibilities include, but are not limited to performing and coordinating a variety of administrative duties and tasks including
  • Asset setup
  • Asset Maintenance and reconciliation
  • Liaising with 3rd party brokers/custodians/agents
  • Processing agent notices
  • Processing corporate actions
  • Entering and settling trades as required
  • Preparing and assisting with various reports required by internal teams
  • Other duties assigned by Management

• Cash/Position Reconciliation: Responsibilities include, but are not limited to performing and coordinating a variety of reconciliation duties and tasks including
  • Preparing daily reconciliation of cash transactions
  • Preparing daily reconciliation of Apex/Client positions
  • Ensuring aged breaks ( over 7 days ) are addressed and escalated
  • Processing and reconciling data in various systems
  • Actively researching discrepancies with various agents and internal teams
  • Preparing and ensuring all Reporting is issued within the required timeframes
  • Preparing and assisting with various reports required by internal teams
  • Other duties assigned by Management

• Support Loan Admin - Middle Office Group:
  • Lead and participate in weekly client meetings /new onboards and ensure minutes are noted and follow up items are closed out.
  • Work with the local CRM to ensure monthly operational calls are scheduled and agenda items are monitored and closed out.
  • Ensure all deal procedures and report checklists are completed.
  • Ensure KPI reports are monitored and reviewed regularly to ensure they are adapted/updated in line with the business requirements.
  • Work with the admin team to ensure clients breaks both cash and positions are pushed and assisted where required.
  • Ensure all monthly deliverables are in line with our SLA and if not record and note clearly the reasons,
  • Work closely with senior managers to identify and streamline operations where greater efficiencies can be implemented.

Skills Required:

• Degree in Accounting/Finance, or a relevant qualification
• Candidate should have 6+ years experience working in CLO loan administration operations
• Extensive knowledge of CLOs/CDOs/Credit Funds
• Understanding or knowledge of various security types Private Debt, Syndicated Loans, Bonds, Equities, Futures, CDS, CDS Indices, Forwards, ABS, MBS, TRS, etc.
• Understanding of trade lifecycle
• Knowledge and experience with settlements including DTCC & Euroclear
• Knowledge and understanding of securities and other financial instruments Computer proficiency with advanced knowledge of Microsoft Office Suite, familiarity with Solvas (CDO-Suite), Geneva, Aladdin preferred

Disclaimer : Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.