What are the responsibilities and job description for the Bank Loan Manager position at HedgeServ?
HedgeServ is a leading global fund administrator with more than $450 billion in assets under administration across all investment vehicles including Hedge Funds, Private Equity Funds, UCITS, Hybrid Credit Managers, Funds of Funds and Managed Account Platforms. We optimize our clients' experience using unique proprietary technology coupled with robotic process automation, intuitive digital programs powered by machine learning, and enhanced by an extensive proprietary transaction data set. HedgeServ's entrepreneurial and innovative spirit cultivates a productive and agile environment enabling its team to anticipate clients' needs and consistently deliver solutions in real time. Led by the most experienced team of industry experts, HedgeServ with 1,500 professionals around the globe expertly provides customizable solutions for their clients' risk, portfolio management, middle office, investor relations, accounting, regulatory, compliance, and tax services. Since its inception in 2008, HedgeServ has received numerous accolades, including Top Overall Administrator and #1 rankings for Fund Accounting, Reporting & Reporting Technology, Client Service, Investor Services, Alternative Fund Expertise, and Regulatory Expertise.
HedgeServ is a progressive company with continuously evolving ways of working to ensure a future-focused mindset. Our employees benefit from a robust career development framework and clear learning paths which outline career trajectory, training and progression plans. HedgeServ supports employees through a variety of offerings, including remote and hybrid working arrangements, and fully paid comprehensive health and well-being benefits. HedgeServ was recognized as a Next Gen employer by RippleMatch on its list of 100 top workplaces for Generation Z for 2022. HedgeServ operates 13 offices in the United States, Grand Cayman, Ireland, Poland, Bulgaria, Luxembourg, Philippines and Australia.
We are seeking financial service or hedge fund professionals to fill a manager position within our middle office team specializing in private and broadly syndicated loans. The primary role of this individual will be to facilitate bilateral loan servicing that is a growing service we offer. This will include security setup and maintenance, data management including activity processing (drawdown, paydown, PIK, rate resets, etc), and borrower / lender communication. In time, the role will expand beyond the bilateral loan servicing covering data management, event processing, and / or closings across our client's global portfolios of loans.
Desired Skills and Experience
- 5-8 years of hedge fund or similar experience
- Knowledge of bilateral loans, broadly syndicated loans, and credit markets in general
- Work experience with loan administration, loan servicing (reconciling interest rate changes, advances, rollovers, repayments, interest and fee payments and other loan related activity), or loan closing (calculating delayed comp and manual pricing letters)
- Familiarity with industry loan software - LoanStreet, LoanIQ, ACBS, Clearpar, Wall Street Office, and / or deal sites
- Experience with LSTA / LMA standard documentation and strong knowledge of the LSTA / LMA standard terms and conditions
- Proficiency with reading and analyzing Credit Agreements
- 1 year of managerial experience
- Proficiency in Microsoft Excel
Please note, visa sponsorship will not be offered at this time.
