Private Credit Middle Office

City

New York

Job Type

Full Time

Country / State

United States - New York

Function Category

Operations

Join us

At UBS, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.

From gaining new experiences in different roles to acquiring fresh knowledge and skills, we know that great work is never done alone. We know that it's our people, with their unique backgrounds, skills, experience levels and interests, who drive our ongoing success. Together we’re more than ourselves. Ready to be part of #teamUBS and make an impact?

Disclaimer / Policy statements

UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.

Your team

As part of the Private Credit Operations team, you will be working in the UBS Asset Management Operations, Accounting and Control division in New York. This team is responsible for oversight across all financial reporting and operations functions for UBS AM’s private credit strategy.

Your expertise

You have a minimum of 8 years of private credit operational and fund accounting expertise and will be part of the integrated private credit operating platform supporting the Credit Investments Group within UBS Asset Management.

Key responsibilities include:


• Private equity fund experience in finance and operations, with a focus on private fund accounting, cash management and investor reporting

• experience of working collaboratively across a diverse set of internal and external stakeholders (e.g. external auditors, Finance, Tax, Operations, Legal, third part providers including Fund Administrators, etc.)

• Onboarding and review of Fund documents

•Daily P&L , valuation and cash reconciliation overview across
o ABL facility
o Custodian books
o Positions across all blockers/aggregators
o Actively involved in the resolution of breaks with other stakeholders

•Supporting request from FO on Internal reporting and analytics

•Support financial reporting workstreams for various investment products including annual audit, regulatory reporting, investor reporting (e.g. Rebalancing trades, asset level IRRs), marketing materials and internal business planning, IRR reporting, GP reporting. AIFM reporting where required

•Reviewing data management and information quality/integrity, timely delivery, and seamless coordination across the entire operational platform including rebalancing activities, settlement instructions, capital calls and distribution. Includes in-depth oversight & governance over month-end process within an outsourced model spanning Back office / Fund Accounting, Middle Office and an outsourced Fund Administrator.

•Relationship management: Fund Admin, MO service provider, ABL custodians and lenders

• Providing insightful analysis to support Client Portfolio Management and Investor Relations team (e.g. fund returns for external LPs, PMs, external and front-office stakeholders)

• Oversight of rigorous cash management process, accounting and related operations across various ABL facilities

About us

UBS is the world’s largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors..

We have a presence in all major financial centers in more than 50 countries.

Your Career Comeback

We are open to applications from career returners. Find out more about our program on ubs.com/careercomeback.

Salary information

US Only: The expected salary range for this role is $140000 to $175000 based on factors including, but not limited to, experience, qualifications, education, location and skill level. Please see «Your role» section for detailed salary information.