AVP, Collateral Administration - Loan Services

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.

As a core member of our Loan Services Team, you will be working with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon. 

This is an analytical and multi-faceted role that requires the team member to be able to analyze and maintain a range of complex bank loan security types and lifecycle events.  This role involves servicing a diverse range of hedge, real asset and private equity clients pursuing different trading strategies.

Your Role: 

• You will be responsible for the oversight of all debt lifecycle activities by our processing team.
• In line with point 1, you will ensure accurate processing of loan transactions and credit events including, but not limited to, trade settlement, principal paydowns, drawdowns, contract rollovers, rate setting, PIK capitalization, utilizations, repayments and interest payment dates.
• You will be responsible for the oversight of all lifecycle activities for ABLs (Asset Backed Lending) and Rated Note Feeder structures.
• You will manage daily operational workflows and maintain oversight of asset servicing – ensuring completeness and accuracy of position, accrued interest and cash data in loans system & underlying attributes and credit data required for reporting purposes.
• You will perform reconciliations of loan pars, accruals and cash between internal and external systems, investigating and resolving break items within pre-agreed timeframes.
• You will be client facing for all cash activity and segregation of cash according to designation of activity and work closely with the Citco Internal Treasury team. 
• You will understand the role of Loan Operations in generating reporting in support of NAV process and enhance their reporting to satisfy the Collateral Administration reporting requirements.
• You will act as point of contact for client queries/requests and drive resolution of issues relating to client accounts.

About You:

• You have an accounting/finance background with relevant experience as evidenced by:
  • A Bachelor’s Degree in Accounting, Finance or Economics and
  • Demonstrated 5+ years of work experience at hedge fund accounting or investment companies fund accounting with derivative instruments and external investors.
• Nearly qualified or completed CA, CMA, CGA, CPA or CFA designation (preferred – not a must have)
• Strong working understanding of investment strategies and financial products (including derivatives)
• Been in a reviewer capacity of deliverables and managing delivery for the team
• Experience managing a team of 5+ people as their manager, supervisor, mentor, coach, etc.
• Able to demonstrate that you are comfortable working in an operations model where you have to coordinate and work with various teams including offshore teams
• Excellent written and verbal communication skills
• Demonstrated financial reporting, analytical and organizational skills
• Strong Office and Outlook skill set (especially Excel)
• Proven ability to work in a challenging and professional work environment

Salary range: USD 95,000 - 170,000

Our Benefits

Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innov