Analyst, Trade Management Group

Waterfall Asset Management, LLC is an SEC-registered alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans, real assets, and private equity. Waterfall was founded in 2005 by Tom Capasse and Jack Ross, two individuals who were early leaders of the ABS industry, and who together have over 60 years of proven ABS/Loan credit analysis, trading, banking, and servicing experience. Waterfall seeks to provide its client a compelling risk/return profile which is generally uncorrelated to most traditional investment opportunities. Waterfall is headquartered in New York, with additional offices in London, and Dublin. As of December 1, 2024, Waterfall approximately $13.1 billion in assets under management.

Job Description

Waterfall is looking to hire an Analyst into the Trade Management Group led by the COO. The purpose of this team is to support the daily financial and operational needs of each trading desk, manage trades throughout their lifecycles, act as the conduit between the front and back office in all respects, and prepare performance reporting/analytics. This role will be mainly focused on our whole loan strategies in both the US and EMEA and will require working with all groups throughout the firm.

Specific job responsibilities include:

• Support the daily operations of the US and London loan trading desks which entails leverage facility management, security mastering, liquidity management, staging deal wires, trade booking, PM reporting, and frequent interaction with investment staff
• Manage asset-based leverage with lenders and coordinate activity required to operate our business and meet leverage objectives
• Book and monitor all asset-level investment activity in the portfolio management/accounting system, Advent Geneva, including but not limited to: monthly loan servicing remittances, leverage facility monthly rolls, securitizations and all new trade acquisitions
• Attend weekly pipeline meetings with investment staff to review new deals and project activity on existing arrangements
• Provide deal expertise to collective back-office and sign-off on deal level P&L for the purposes of return estimates and NAV closes
• Facilitate month end NAV close for our Funds in partnership with Fund Accounting and Operations, owning loan related workflows
• Troubleshoot cash and position breaks on a daily or monthly basis and ensure mitigating/preventative processes are in place
• Review deal documents for leverage facilities, setup new investments and maintain them throughout trade life cycle
• Work with IT and third party outsource on automation and delegation to reduce manual work and create leverage for the team
• Prepare monthly and ad hoc reporting for the investment staff which includes returns, trading activity and holdings/analytics
• Conduct regular meetings with investment staff to discuss monthly reporting prepared and operational initiatives
• Assist portfolio managers, investor relations and senior management with frequent ad hoc analyses and requests

Qualifications and Education Requirements

• BA/BS degree required, preferably in Accounting or Finance
• 2-6 years of experience in accounting/finance roles, preferably with time at a buy-side institution
• Knowledge of fixed income products, specific experience with derivatives and whole loans a plus
• Highly organized with exceptional attention to detail with the ability to operate comfortably in fast-paced environment
• Excellent communication and teamwork skills
• High degree of proficiency in Microsoft Excel is required
• Proficiency in Advent Geneva, IVP Security Master, or PowerBI are a plus
• Process-improvement oriented with ability to collaborate with IT to drive business initiatives