What are the responsibilities and job description for the Portfolio Associate - Liquid Credit position at Partners Group?
What it's about
Partners Group operates a leading private credit business platform with USD 31 billion of assets under management (as of Dec 31, 2024), with USD 17 billion of global liquid credit AUM, including 30 US & European Collateralized Loan Obligations ("CLOs"), private liquid credit mandates and open-end and closed-end liquid loan strategies. In this position, you will be an integral member of the rapidly growing Liquid Credit team.
We are looking for a portfolio management support analyst to join our highly successful and growing Liquid Credit business. As a member of our team, you will be responsible for providing support to our global CLO platform, including the US Pikes Peak CLOs, related CLO warehouse vehicles and other separately managed vehicles. This position will involve working closely with the portfolio managers, CLO structuring professionals, and credit analysts in New York and London, as well as external service providers, to ensure seamless operations.
Responsibilities:
- The person hired for this role will:
- Work closely with CLO portfolio managers, structuring professionals and credit analysts (based in New York and London), as well as external service providers (collateral administrators and loan settlements team) to ensure flawless service levels.
- Assist in reconciling holdings of the CLOs between the internal database and trustee data, including investigating cash and position discrepancies with trustees.
- Perform daily, weekly, and monthly tasks to ensure all data is accurate and well maintained.
- Secondary point of contact for trustee and third-party business vendor relationships related to CLOs or fund vehicles.
- Execute loan amendments and corporate actions
- Assist with CLO cash management and oversight of the outsourced loan closing team. Answer questions raised by the outsourced loan closing team and advise them on priorities. Investigate and resolve asset trade settlement delays and issues, when necessary.
- Assist with calculating and verifying CLO waterfall and quarterly distribution payments made to CLO investors.
- Support fund launches by managing the operational process from pricing to closing date, including review of the flow of funds.
- Prepare and or assist with monthly trustee and other reports for the CLOs.
- Assist in managing proper controls and create efficiencies to mitigate risk and improve processes. Use technology to automize processes.
- Track public and private ratings of loan assets held.
- Perform CLO hypo testing as directed by portfolio managers and communicate with trustee for reporting purposes.
- Develop a wider understanding of CLO portfolio management and loan trading and use that knowledge to increase service levels.
- Work on related projects as directed by senior management.
- Bachelor’s degree in business, finance or economics
- 1-3 years of US bank loan or CLO operations experience
- Strong analytical and problem-solving skills
- Self-motivation and the ability to work effectively within a team are essential
- Willingness to learn new tasks and to take on growing responsibilities
- Flexibility on work hours when supporting or backing-up colleagues in other offices, as requested
- Strong knowledge of Microsoft Excel and Microsoft Office Suite programs
- Knowledge of Markit WSO is a plus
What we offer
Partners Group is a global financial institution that retains the culture, pace and agility of a start-up. As a growing firm, we are committed to attracting, developing and retaining the very best talent, by offering a workplace where results are truly recognized and rewarded. Our offerings include:
- Professional, international, and high-performing work-environment
- Challenging, rewarding career within a growing company
- Collaborative environment, with on-the-job training and mentorship opportunities
- Competitive benefits and wellness package, including medical, dental and vision coverage
- 401k (Roth and pre-tax options) with company-match
- 25 vacation days, and 13 holidays annually
- One-month sabbatical after every five years of service
- Company paid life and disability insurance Education assistance program
- Lunch stipend
- Domestic and international events, including offsites and volunteer opportunities
- Partners Group compensation has a long-term outlook and philosophy, and our total compensation emphasizes performance based long term incentives. Base pay range for this role is $140,000 - 165,000, and a performance-based bonus and equity are additional parts of the total compensation package
Make an impact on the organization by taking a leading role in the growth of our US business. Our working environment is humble, inclusive and transparent; the structure of the firm is flat.
At Partners Group, we thrive on new ideas for the benefit of our clients, our employees and our communities. We are proud to be an equal opportunity employer and support diversity of perspectives.
Please be aware, fraudsters may pose as Partners Group recruiters. All genuine representatives can be identified by a verified sign on their LinkedIn profiles. If you suspect fraud or have doubts, contact us immediately at hr@partnersgroup.com
Salary : $140,000 - $165,000
