What are the responsibilities and job description for the Credit Admin – Private Settlements position at Barings LLC?
At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.
We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.
Title: Credit Admin – Private Settlements
Business Unit: Credit Administration
Location: Charlotte, NC
Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.
Job Summary
Responsible for managing the full trade settlement lifecycle of an allocated set of Private Loan/Equity names on a timely and accurate basis, ensuring related activities (e.g. cash management) are conducted effectively.
Primary Responsibilities
The responsibilities of the role include, but are not limited to:
- Work closely with deal teams and operational teams to effectively book and fund new bank loan and equity trades across multiple private investment teams
- Work closely with deal teams and operational teams to effectively book and fund existing revolvers and draws
- Coordinate settlement efforts with internal teams incl. Legal, Compliance, Finance, Deal Teams, FX and Middle Office teams as required
- Review and understand loan documentation including Credit Agreements and funding memos
- Handle all aspects of settlements including booking and funding of trades
- Ensure fundings are complete, accurate and fully reconciled with third-party
- Monitoring/tracking/reporting of all trades using appropriate workflow tools
- Identifying and escalating issues to in house legal and compliance teams as well as management
- Liaise with Administrative Agents with regards to KYC documentation, including administrative details, tax and fund formation documents
- Develop network of effective relationships with Counterparties, Agents and Internal Teams
- Identify process efficiencies and marginal gain opportunities for the team.
- Assist line management with initiatives and projects as required
Qualifications
- Private Loan closing experience in loan settlements and 3-5 years experience in finance or banking industry
- Knowledge of loan and equity settlements
- Good knowledge of loan transfer documentation
- Proficiency in Blackrock Aladdin
- Experience and understanding of SWIFT settlements
- Numerate with high attention to detail
- Clear and confident communicator, both verbally and written
- Proactive and ability to work with minimum supervision (post training);
- Ability to work to tight deadlines and flexible to meet personal and team workload
- Loan reconciliation experience
- A methodical thinker, able to resolve complex issues on a daily basis
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Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.
Barings offers a comprehensive benefits package including:
CORE BENEFITS & WELLNESS
- Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
- Fitness Center Reimbursement Program (Including Online Memberships)
- Employee Assistance Program (EAP)
- Fertility Benefits
FINANCIAL WELL-BEING
- Highly competitive 401(k) Plan with Company Match
- Health Savings Account (HSA) with Company Contributions
- Flexible Spending Accounts (FSA) - Health Care & Dependent Care
- Retirement Health Reimbursement Account
LIFE INSURANCE
- Basic and Supplemental Life Insurance
- Spouse and Child Life Insurance
TIME OFF, DISABILITY AND LEAVE OF ABSENCE
- Paid Vacation, Sick Days and Annual Holidays
- Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
- Short and Long Term Disability Plans
- Paid Volunteer Time
OTHER BENEFITS
- Education Assistance Program
- Charitable Matching Gifts Program
- Commuter Reimbursement Program
- Adoption and Surrogacy Reimbursement Program
