Asset Based Finance Operations Associate

Sixth Street•New York, NY

About The Position

As an Operations Associate, you will be a part of the Sixth Street Global Operations Team that is responsible for investment execution, counterparty management, pipeline and other cash management functions, project management, and reporting and investment performance/analysis deliverables. The Operations Team supports Sixth Street’s investing activities across the globe for our private credit/equity, asset-based financing (“ABF”), structured credit, hybrid, and liquid credit funds, business development companies, and separately managed accounts. We expect this position to help grow our strategic investing in Sixth Street owned and third-party insurance company clients in addition to our private funds. As a member of this team, you will have the opportunity to be an integral part of a growing team in a fast-spaced, entrepreneurial work environment.

Requirements

Candidates should possess a minimum of 8-10 years of experience. Experience should include operations, treasury, and/or middle and/or back-office operations at a buy-side organization that invests in highly structured transactions – securitizations, asset-based financings, structured loans, etc. (those seen at a private equity or private credit alternative asset management firm or investment bank)
Deep knowledge of insurance and/or asset/liability management operations, including building policies and procedures, identifying and implementing process improvements, and overseeing trade workflow controls & compliance
Highly motivated, entrepreneurial, and team-oriented candidates with strong communication, presentation, and Excel skills
Commercial and results oriented, but uncompromising on tight controls and processes
High trust and integrity
Strategic and entrepreneurial mindset
Strong combination of organizational and interpersonal/communication skills
Candidate must be self-motivated and willing to work in a team environment with professionals across multiple offices and disciplines
Strong industry network
Candidate must possess the attention to detail focus required to meet multiple demands and deliverables

Nice To Haves

Experience with Advent Geneva, Allvue/Black Mountain, and accounting sub-ledger vendors (ie., Clearwater, Aladdin, etc.) is a plus
Strong understanding and application of internal controls and industry practices
Detail-oriented, responsible, and proactive
Ability to multi-task and maintain composure in a high-volume environment
Strong sense of urgency; ability to execute quickly and efficiently with strong attention to detail
Structured problem solver who is able to synthesize sophisticated information from a variety of sources into implementable recommendations and solutions
Comfort working in a high growth, iterative environment

Responsibilities

Support build out of the operational support model for structured ABF investing activities , including private funds and separately managed accounts of insurance company clients.
Interface directly with insurance company clients around pipeline management, asset setup, cash management, and other ad hoc inquiries
Design and document client onboarding processes
Trade capture across liquid and private assets in a standardized manner
Perform standard and ad hoc cash management and forecasting
Drive trade settlement
Client bank account and custodial integrations
Coordination with counterparties and external partners
Support deal execution for our ABF investing activities.
Serve as primary point of contact for our ABF investing and business teams
Partner with investing professionals, outside and internal counsel, tax, compliance, and other Sixth Street Core professionals ensuring good cross-functional communication and coordination throughout the investing process
Ensure appropriate liquidity is available for new investments
Ensure investment cash and settlement controls and protocols are adhered to
Perform the timely and accurate setup of new investments to the order management, accounting, and reporting systems
Identify and help creatively solve for critical accounting, reporting, compliance, and operational issues
Create securities and other instruments in the firm’s order management system and book trades
Partner closely with Engineering to design and build scalable operational capabilities to support the firm’s ABF investing strategies