Operations and Investment Accounting Senior Analyst / Associate

Firm Overview

Balbec Capital (“Balbec”) is an SEC-registered alternative investment manager with offices in the United States and Europe. Since its founding in 2010, Balbec has deployed over $23 billion globally through its funds and investment vehicles, seeking to deliver consistent, risk-adjusted returns to investors and long-term partners across asset-based credit strategies.

Balbec is a direct investor in residential and commercial mortgage loans at all stages of performance, mortgage servicing rights, and select consumer and alternative credit assets. Leveraging its proprietary technology and transaction management platform, Balbec efficiently executes highly granular transactions, enabling the firm to serve a broader range of counterparties and generate returns for investors by applying institutional execution standards to inefficient, underserved, or fragmented markets.

Balbec’s funds rank among the largest issuers of U.S. residential mortgage-backed securities (RMBS) through its PRPM shelf. The firm’s investments in agency mortgage servicing rights are sourced via its affiliate, Bungalow Funding.

Balbec has invested in over 20 countries, selectively deploying capital into geographically and asset-diverse opportunities that exhibit attractive risk/reward profiles, upside potential, and substantial downside protection.

Job Description & Key Responsibilities

Balbec Capital is seeking a Senior Analyst or Associate to join our growing Investment Accounting & Operations team. As a key member of the team, you will collaborate closely with Fund Accounting, Investment Professionals, Treasury, Valuations, Investor Reporting and other stakeholders to ensure accurate and timely capture of investments activity across the Balbec platforms.

Responsibilities include:

• Managing the security master and maintaining/updating key reference data for bank debt, CRE loans, structured products, vanilla derivatives and other alternative asset class investments
• Monitoring, tracking, and reconciling investment activity for a variety of asset classes within the private credit and real estate sectors
• Performing daily/monthly asset and cash reconciliations in VPM and IntelliMatch
• Understanding and applying investment related documentation and governing documents to the portfolio tracking system (VPM)
• Communicating regularly with Balbec Investment, Balbec Fund Accounting, external asset servicers and the external fund administrator
• Recording the full life cycle of the portfolio including: trade activity, draws, paydowns, corporate actions, restructurings, refinancing and exits
• Conducting ad hoc analysis and reporting as needed
• Assisting in year-end audit process and responding to audit inquiries
• Supporting the treasury function including review of wires and movement of cash

Qualifications & Experience

Required:

• Bachelor's degree in Finance/Accounting
• 3-5 years of loan level operations/accounting experience with a focus in bank debt and CRE loan management
• Intermediate to Advanced Excel skills
• Familiarity with investment operations, accounting, or portfolio management processes
• Attention to detail and the ability to independently research issues to completion
• Ability to work independently and handle multiple tasks efficiently
• Resilient with the ability to work in a highly time-sensitive environment
• Strong analytical skills
• Self-starter attitude

Preferred:

• A natural problem solver who enjoys working in a complex organization
• Intermediate to advanced use of data platforms such as PowerBI, Qlik, Tableau, or SQL
• Experience in a treasury, accounting or operations role at an alternative asset manager or in loan operations at a bank
• Experience with VPM (FIS Visual Portfolio Management Solution), IntelliMatch or a similar investments platform

Equal Employment Opportunity

Balbec Capital LP is committed to ensuring equal employment opportunities for all employees, including qualified employment applicants. The firm strives to maintain an environment free of discrimination based on race, color, religion, gender, national origin, ancestry, age, disability, genetic information, military or veteran status, marital status, sexual orientation, gender identity, citizenship, or any other protected category or characteristics as defined by federal, state or local laws. This equal employment opportunity policy applies to all employment practices, including but not limited to recruiting, hiring, advertising, promotion, transfer, reductions in force, social and recreational programs, training, employee development, compensation and fringe benefits, discipline, and termination.

Disclaimer for External and 3rd Party Recruiters:

Please note that Balbec Capital does not accept unsolicited resumes from external or third-party recruiters. All recruitment-related inquiries and submissions must be directed exclusively to our HR department at careers@balbec.com. We kindly request that recruiters refrain from contacting any other employees within the organization regarding job opportunities. Any unsolicited resumes sent to our employees or submitted outside of the designated HR contact will become the property of Balbec Capital without any obligation to pay referral fees. Thank you for your cooperation.