Position Summary
Reports to Co-Head of Asset and Entity Services within the Guggenheim Credit Services Holdings Business unit. The team currently provides administration and servicing oversight on transactions originated by Guggenheim Investments and its affiliates including Private Debt Funds and ABL Financings. Responsible for execution, reporting, and servicing Private Debt Funds and credit facilities. This position will be based in our New York City or Chicago office full-time.
Responsibilities
Key Responsibilities:
Work closely with deal team to assist in structuring and review of transaction documents, and assurance that documents reflect modeled structures
Work closely with Client Service Support to initiate the establishment of transactional entities and opening of required accounts including approval and set up of new transactions on relevant Guggenheim operational control systems
Instruction of cash movements amongst various entities within complex fund structures
Creation of Funds Flow within the pre-close process and execution of flow at close date of Private Fund
Development of ongoing transaction procedures and assignment of responsibilities
Direct communication with internal deal/structuring teams pertinent to administrative obligations of transactions
Experience with understanding complex fund structures
Management of transaction structures involving counterparties, servicers, trustees, fund administrators, and Guggenheim operational and control functions
Execution of amendment, restructuring, and closure of entities at end of transactions
Implementation and continued enhancement of processes and procedures tailored to entities administered and serviced, in coordination with firmwide policy and procedure standards
Develop and maintain model that provide testing guidelines including overcollateralization, interest coverage and collateral quality tests specified in Indentures by use of proprietary models
Review and tie-out extensive data for trustee monthly and quarterly payment reports
Maintain borrowing base files for leverage facilities and facilitate any fundings or paydowns on the leverage as directed by portfolio management
General fund oversight which includes monitoring and maintain covenants of leverage facilities
Shadow and review waterfall calculations and servicer report
Assist manager with data collection for any ad hoc requests related to due diligence/RFP, and audit
Qualifications
Basic Qualifications
Bachelor's degree
7+ years of experience in private credit operations servicing private debt
Strong credit, finance, economic, business and technical skills and attention to detail
Excellent analytical and problem-solving skills; ability to structure creative solutions
Works with a large degree of independence but require guidance on complex issues/situations
Is highly proactive with strategies to improve processes and efficiencies
Able to review governing transaction documents and understand how to execute correctly on transactions
Strong written and verbal communication skills
Strong commitment to performance and accuracy of work product
Team oriented individual with ability to work well with diverse and geographically dispersed groups
Sets and achieves individual and team goals
Ability to multi-task across a robust pipeline of diverse investments in a detail-oriented and timely manner
Preferred Qualifications
Advanced degree
8+ years (VP) experience in investment management or banking operations including structured finance and SPV issuers
Current hands-on experience with Loan Reporting (e.g. borrowing base, analytics, payment date reports, lender reporting, etc.)
Prior experience with private credit and middle market loans
Experience with utilizing WSO
Progress towards CFA
Experience in management, coaching, and development of junior talent
We are not seeking agency assistance with this role.
We are unable to consider candidates who require current or future visa sponsorship for employment in the…