Private Investment Operations Associate, Bank Loans

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Working at PPM America, Inc.

PPM America, Inc. (PPM) is a client-focused investment manager, and our mission is to deliver client-specific solutions and world class service to investors in the pursuit of their unique investment objectives. PPM prides itself on being a nimble, investment-led organization that is responsive to the opportunities that our teams discover together. Click here for a description of our assets under management and our investment strategies.

PPM was named one of the Best Places to Work in Money Management by Pensions & Investments in 2024. We attract professionals who exhibit humbleness, directness, and dedication. Our communication style is informal, and we encourage collaboration by giving our teams the freedom to speak openly and share new ideas. PPM's values guide our internal conduct and help define the type of relationships we share with our investors, affiliates, and other valued partners. Above all, PPM is passionate about giving back to our clients, to each other, and to our community. We understand that community and purpose are just as important as the job description when finding your next career, and at PPM you would join a community of employees with a long track record of dedicating their time and support to local nonprofits with the effort of strengthening local families and increasing economic opportunities.

At PPM, we believe that diversity and inclusion are integral to the success of our growth and longevity. PPM is committed to a culture of respect and believe that inclusion is the key to this culture, enabling our ability to innovate, execute, and grow for the benefit of our associates, clients, shareholders, and the communities where we live.

Summary

Private Investment Operations provides a centralized and coordinated function supporting syndicated bank loan, CLO and investment grade private credit strategies across PPM's many business units. The team is responsible for trade processing and settlement activities, daily cash availability reporting, portfolio investment accounting, refinancing and restructuring activity and other ad hoc syndicated loan and investment grade private credit activities. Additionally, the team manages CLO administration activities including warehouse borrowings, warehouse-to-launch processes, and financial statement reviews.

The team's day-to-day activities include direct engagement with various teams including Investment Management, CLO Management, Performance Analytics, Public Securities Operations, IT, internal and external service providers and clients. The team maintains a highly collegial and collaborative environment with clear operational accountabilities and a focus on skill development and advancement, use of technology, and process optimization.

Role Specifics

This role involves overseeing the full lifecycle of syndicated bank loans within CLOs, managing the operations of CLO warehouse launches, and ensuring compliance with CLO reporting and payment obligations. The candidate must be eager to participate in a team that handles a diverse range of functions and disciplines and exhibit a high attention to accuracy and detail and a willingness to drive process improvements and automation to enhance operational efficiency. This role involves significant interaction with internal parties (traders, portfolio managers, CLO team, operational teams, etc.) as well as external parties such as trustees, agent banks, counterparties, custodians, auditors and clients. The role also serves as oversight function to analysts that support Private Investment Operations.

In addition to the CLO responsibilities, the Private Investment Operations Associate will have the opportunity to engage in operational activities with respect to other private investments, as the broader private investment operations team regularly seeks opportunities to cross train across various asset types and processes in its efforts to deepen the skill set of all team members.

Responsibilities :

• Manage all operational aspects of launching and closing CLO warehouses including funding requests, review of flow of funds reports and related documentation, perform asset transfers and coordinate closings with the trustee, clients and other involved parties
• Analyze and interpret CLO indentures to :

Validate CLO compliance testing

CLO portfolio cash / holdings

Monitoring of expense invoices

effectively and efficiently coordinate new project / activity related work

Mentor and cross-train others on CLO portfolio level reporting and other responsibilities

Skills, Experience and Qualifications :

The ideal candidate is a self-starter who is passionate about financial services with a strong understanding of financial data and an interest in continuously expanding their asset class and industry knowledge. The candidate should enjoy and demonstrate effectiveness in working in a team environment, as well as working independently to drive results with a high degree of professionalism, and client focus. Effective communication skills are critical to this role, as the candidate must demonstrate the ability to interpret, distill and present a variety of financial data to various constituents.

Required Skills :

Desired Skills :

Benefits :

At PPM, we offer opportunities to get involved with a diverse network of peers and support the causes that are important to you. Your enthusiasm and talents can make a lasting impact on our organization and our community.

Employment Benefits

Our employees go the extra mile every day, and the benefits of working at PPM reflect our commitment to supporting and enhancing their personal and professional lives. The plans and programs listed below are offered in collaboration with our parent company.

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Equal Employment Opportunity PPM America, Inc. is an equal opportunity employer and we base our employment decisions without unlawful regard or consideration of an individual's race, color, religion, national origin, sex, gender, sexual orientation, ancestry, citizenship, age, marital status, veteran status, medical condition, non-job related disability, pregnancy or any other basis protected by federal, state, or local law.

Base Pay :

88,000.00 - $105,000.00. The base salary for this position may vary depending on experience, job-related knowledge, skills, and abilities. In addition to the base salary, this role will be eligible to participate in our annual bonus program. This role will also be eligible for compensated personal time off and holidays, health benefits, 401(k) plan with generous matching and profit sharing contributions, and other benefit programs according to the Company's employment policies and subject to the formal terms of such plans and programs.

Salary : $88,000 - $105,000