Leveraged Finance Operations Associate

Cerberus Capital Management in New York, NY

  • Industry: Financial Services - Insurance - Others
  • Type: Full Time
  • $133,820.00 - 169,860.00
position filled
PLEASE NOTE, THIS ROLE IS NOT CURRENTLY OPEN TO RECRUITING FIRMSCerberus is seeking a Leveraged Finance Operations Analyst or Associate to support our CLO business.ResponsibilitiesParticipate in ramping middle market Collateralized Loan Obligation and other leverage facility portfolios along with negotiations of governing legal documents such as Credit Agreements, Indentures and Loan and Servicing Agreements Coordinate with all appropriate individuals (front office, treasury, legal, rating agencies and other vendors) in order to obtain, consolidate and analyze necessary informationModel CLOs and other leverage structures waterfalls based on priority of payments for leverage facilities utilizing Microsoft Excel Work to ensure that processes and procedures encompass everything needed for compliance and governance with underlying legal documentationLead the CLO warehouse launch, daily deliverables, closing warehouse into a CLO and its ongoing life cycle from the Middle Office Operations perspectiveProactively monitor CLO, warehouse and borrowing base facilities by running hypothetical scenarios and communicate the results of such analyses in a clear and concise manner to senior managementMonitor the reconciliation of cash flows and positions for each SPV. Project and reconcile monthly/quarterly waterfall payment calculations with trusteesProject cash flows to ensure upcoming funding obligations are met; suggest capital calls/distributions when needed, while ensuring debt is utilized subject to the leverage profiles of each fundReconcile internal data with third party trustees, custodians and prime brokers and ensure accuracy of monthly investor reporting Produce various internal and external ad-hoc reporting for senior managementCoordinate with rating agencies to obtain private credit estimates for newly originated loans and to refresh expiring credit estimatesCoordinate with rating agencies to obtain debt ratings on CLOs and warehouses for new leverage facilities. Interface with various internal groups including but not limited to operations, accounting, financial reporting, legal, and loan credit officersCoordinate with lenders on the performance of the underlying credits within such lenders portfolioMaintain ownership of the liquidity profile of your assigned funds to ensure that cash is moved into and out of the vehicles (if/when needed) to assist in the overall funding activities of the lending business.Qualifications3-5 years of experience with Structured Finance, CLOs or Leveraged LoansAttention to detail, organization and superior Excel skills including the use of such formulas as vlookup, index, if statements, arrays, nested formulas and pivot tablesStrong quantitative and analytical thinkingAbility to operate independently in a high pressure work environment, as well as part of a team to ensure team goals/responsibilities are being met more broadly.Understanding of various leverage facility structuresExperience with reading and interpreting legal documentation Preferred QualificationsExperience creating CLO compliance and/or liability models (including interest/principal waterfalls) in Microsoft Excel based on underlying deal documents.Experience with SQL, VBA, Python or other programing languages highly desirable.Experience with Wall Street Office, Black Mountain Systems, Bloomberg or Intex Familiarity with the process of obtaining credit estimates from Moodys, S, Fitch and DBRSExperience with bank loans (ideally middle market)

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