CLO Loan Portfolio Manager

Prospect Capital

Founded in 1988, Prospect Capital is an alternative asset management firm with $11.9B of assets under management, and pursues multiple strategies in the US, including direct lending, private equity, real estate private equity and structured credit. Prospect has permanent capital and utilizes a long-term, value-oriented approach that employs fundamental bottoms-up research to identify investments that offer attractive risk and reward.

With offices in New York City, Connecticut, and Florida, the firm is comprised of 100 experienced professionals who value entrepreneurship, intellectual rigor, hard work and continuous improvement.

Job Responsibilities

Prospect is seeking an experienced CLO Loan Portfolio Manager to help establish and lead our collateral management business. This individual will be instrumental in structuring, managing, and scaling our CLO investment platform, overseeing loan selection, portfolio management, and compliance with CLO requirements. The ideal candidate will have a deep understanding of leveraged loans, structured credit, and CLO mechanics, with the ability to build and execute a successful investment strategy from the ground up.

Credit Analysis & Underwriting:

• Conduct in-depth fundamental credit analysis on leveraged loans, including reviewing financial statements, industry trends, and management quality.
• Assess risk factors such as covenant structures, capital structure positioning, and default probabilities.

Portfolio Management & Trading:

• Actively manage a CLO portfolio by identifying attractive loan investment opportunities that fit within portfolio constraints.
• Monitor existing holdings, tracking credit performance and identifying potential risks or trading opportunities.
• Execute loan trades, working closely with traders and counterparties to optimize portfolio performance.

Investment Committee & Strategy Development:

• Prepare and present investment recommendations to the investment committee.
• Contribute to the overall investment strategy, considering macroeconomic conditions, sector trends, and CLO-specific factors.
• Ensure portfolio compliance with CLO indenture covenants, eligibility criteria, and rating agency requirements.

Risk Management & Performance Monitoring:

• Monitor credit migration, rating agency actions, and loan market trends that impact CLO performance.
• Conduct scenario analysis and stress testing to evaluate portfolio resilience.
• Work closely with risk management and operations teams to ensure accurate reporting and compliance.

Desired Skills and Experience

• Bachelor’s degree in finance, economics, accounting, or a related field; MBA or CFA preferred.
• 10 years of leveraged loan investing experience including experience investing within a CLO
• Strong credit analysis and financial modeling skills.
• Familiarity with CLO mechanics, documentation, and rating agency methodologies.
• Demonstrated track record of excellence in academic, professional, and personal endeavors
• Excellent communication and presentation skills.

The anticipated annual base salary range for this position is plus annual discretionary performance-based bonus. Actual pay may be adjusted based on experience and performance.

In addition to the base salary, the hired professional is eligible for comprehensive benefits, including 100% employer-paid premiums for medical, dental, vision insurance, life insurance, and AD&D. You'll also have access to pretax benefit accounts, including FSA, HSA, and Commuter accounts. Our perks go beyond the basics with a mentorship program, daily in-office paid breakfast and lunch, company-sponsored ski and sailing trips, and regular happy hours. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.