Bank Loan Specialist – Loan Closer, Middle Office

HedgeServ is a leading global fund administrator with more than $450 billion in assets under administration across all investment vehicles including Hedge Funds, Private Equity Funds, UCITS, Hybrid Credit Managers, Funds of Funds and Managed Account Platforms. We optimize our clients’ experience using unique proprietary technology coupled with robotic process automation, intuitive digital programs powered by machine learning, and enhanced by an extensive proprietary transaction data set. HedgeServ’s entrepreneurial and innovative spirit cultivates a productive and agile environment enabling its team to anticipate clients’ needs and consistently deliver solutions in real time. Led by the most experienced team of industry experts, HedgeServ with 1,500+ professionals around the globe expertly provides customizable solutions for their clients’ risk, portfolio management, middle office, investor relations, accounting, regulatory, compliance, and tax services. Since its inception in 2008, HedgeServ has received numerous accolades, including Top Overall Administrator and #1 rankings for Fund Accounting, Reporting & Reporting Technology, Client Service, Investor Services, Alternative Fund Expertise, and Regulatory Expertise.

HedgeServ is a progressive company with continuously evolving ways of working to ensure a future-focused mindset. Our employees benefit from a robust career development framework and clear learning paths which outline career trajectory, training and progression plans. HedgeServ supports employees through a variety of offerings, including remote and hybrid working arrangements, and fully paid comprehensive health and well-being benefits. HedgeServ was recognized as a Next Gen employer by RippleMatch on its list of 100 top workplaces for Generation Z for 2022. HedgeServ operates 13 offices in the United States, Grand Cayman, Ireland, Poland, Bulgaria, Luxembourg, Philippines and Australia.

Job Description :

As we continue through a period of explosive growth, HedgeServ is searching for future leaders who can make an immediate impact on our already successful team. We're seeking Hedge Fund professionals who are decisive, energetic, and self-starting. We expect successful candidates to serve as the main point of contact on multiple client relationships, independently on-board new clients in partnership with senior team members, and participate in cross team projects.

The candidate will be expected to take ownership of customized client requests, manage communications with senior Hedge Fund personnel, and actively engage in our internal development initiatives. They must maintain loan product knowledge to input, review, analyze and process syndicated bank loan portfolios and trade closings.

Key Accountabilities of the Role :

Compare Funding Memo against independent HedgeServ calculations

Coordinate trade settlement with Broker, Agent Bank, and Investment Manager

Report trade settlement status to Investment Manager

Utilize credit agreements and information obtained from the Funds or third parties to set up new loan facilities in HedgeServ proprietary system

Obtain facility and contract details through direct interaction with the Agent Bank or other private servicing agents

Identify any missing or inaccurate pay down / drawdowns, interest and restructure receipts / payments

Monitor and process all involuntary maintenance events such as but not limited to, paydowns, drawdowns, commitment reductions and interest rate changes as provided by Agent Bank or private servicing agent

Resolve all executing broker and agent bank issues related to processing and accurate booking of the Fund’s bank loan positions with the assistance of the Investment Manager if necessary

Desired Skills and Experience :

3-5 years of hedge fund, private credit, or financial services experience

3-5 years of experience closing primary and secondary par and distressed loan trades

Knowledge of syndicated bank loans and credit markets

Work experience with loan administration or loan servicing :

Calculating delayed comp and manual pricing letters

Interest rate changes

Advances

Rollovers

Repayments

Interest and fee payments

Other loan related activity

Expertise with ClearPar

Understanding of LSTA / LMA standard documentation and strong knowledge of the LSTA / LMA standard terms and conditions

Proficiency with reading and analyzing Credit Agreements

Experience with bank loan administration systems and loan research tools