Specialist - Middle Office Client Services

Job Description

What is the Specialist - Middle Office Client Services responsible for? We are seeking a Specialist with 4 to 6 years of professional accounting and/or analysis experience in a financial services firm. The ideal candidate should have a solid understanding of financial instruments and products, including fixed-income investments and bank loans, and possess a developed understanding of accounting principles. What are the ongoing responsibilities of Specialist - Middle Office Client Services? Oversee the completion of various loan administration tasks, including trade processing, loan reconciliations, and trade settlement. Support the settlement process of loan syndications, secondary loan trades, CLOs, and restructures, including funding and documentation matters. Review trade confirmation, assignment and assumption agreements, netting agreements, and funding memos to ensure accurate and efficient closing process for leveraged loan trades. Oversight of trade posting, trade allocation, and End of Day file generation Ensure accuracy of settlement for all cash and securities. Oversight of daily cash reconciliations for cash accounts. Provide oversight in relevant systems throughout the day and work with internal/external customers and service providers to quickly resolve any position or trade-related issues Partner and interact with Trustees, Loan Administrators, Legal, Tax, and Compliance regarding trade confirmations, allocations, KYC documentation, settlements, metrics, and industry initiatives. Communicate effectively with Traders and Portfolio Managers at all levels and build strong working relationships with them. Maintain a continuous improvement mindset to capitalize on straight-through processing, speed, and accuracy of systems and procedures15. Work with Loan Servicing Analysts to monitor and manage relevant portfolio credits. What ideal qualifications, skills & experience would help someone to be successful? 5 years of required experience; 7 years preferred. Strong analytical problem-solving skills. Effective communication skills. Experience with leveraged loan and CLO operations. Experience using Wall Street Office Suite, ClearPar, Advanced Excel, PowerBI, Macros Possess a thorough understanding of leveraged loan and CLO operations, reporting, payment date distributions, and analytics.