Key Responsibilities
- WSO – Cash & Position Reconciliation
- Setting up automated Cash and Position reconciliation in excel.
- Daily cash and position reconciliation of private credit and private equity funds
- Identifying the cash and position breaks and investigating the issue to resolve the same and update the same to respective stakeholders
- Three-way Position reconciliation between WSO, Custodians and Fund Administrator (Par value, Cost and Market Value reconciliation)
- Reconciling the historical entries to clear and report the aged breaks
- Recording and monitoring activities (capital calls, distribution, prepayment, and debt servicing etc.)
- Setting up WSO for new loans by going through Credit agreements, term sheet and other legal documents.
- Loan servicing in WSO i.e., rollover, payments, borrowing, fees, spread changes, maturity date update, etc. as per agent bank notices
- Trade settlement as per custody cash movements
- Interacting pro-actively with various stakeholders like custodians, banks, and PE fund managers on a day-to-day-basis
- Manage month end closing activities
- Loan IQ - Loan Booking, Servicing and Trade Settlement
- Review Credit agreement and other loan related documents
- Setup or modify new and existing loans in several notebooks of LoanIQ
- Setup and update repayment schedules, Pricing Index & Rules, Facility, type of facility, CRA info, Repayment, maturity etc.
- Perform servicing activities in LoanIQ – Rollovers, Advances, Paydowns, Past Dues, fees and interest and principal payments
- Thoroughly checking Agent's notices involving drawdowns, repricing, loan service etc.
- Assist Agency teams with the Agent's notices
- Track Past Due payments, clean up unpaid and prepare reports per requirement
- Understanding of Trade documents like Assignment agreements, Funding Memos
- Book the new trades (Internal/External) in LoanIQ
- Manual Share adjustment of internal loans to settle the trades
- Settlement of Third-Party trades in LoanIQ and Clearpar
- Setting up SOPs (Standard Operating Procedures) by laying down the processes and internal check frameworks to achieve the overall objective
- Client Management: Understanding project request, negotiate deadline and handling client queries
- Project Management: Project structuring, planning, conceptualizing output
Key Competencies
- B. Com Graduate/MBA finance/CA/CFA
- Min 10 years of strong experience in fund accounting, Loan Syndication, Asset servicing, cash, and position reconciliation of private equity funds
- Knowledge of databases Markit (for notices), Geneva reporting (cash and Long-short position)
- Experience of working on WSO, Allvue, LoanIQ and other loan operations platform
- Understanding and ability to work with Legal documents (Credit or Loan agreements/Amendments/Assignment agreements)
- Strong in finance fundamentals and analytical skills
- Excellent in MS Excel to process varied data sets
- Strong written and verbal communication skills
- Ability to work effectively under tight deadlines
- Dedicated and motivated individuals having demonstrated academic excellence with project management, client relationship management, analytical, and teamwork skills.
Candidates who can join in a month shall apply.
Please share your resume - Priti.shaw@acuityanalytics
Kindly mention the following
- Relevant years of Experience
- Current ctc
- Expected hike
- Notice period.
