Associate Advanced, BPS Ops (Settlements)
About The Position
Virtus from FIS is a leading provider of alternative investment services and technology solutions, specializing in delivering comprehensive front, middle, and back-office services to asset managers, banks, and other institutional investors. Virtus helps its clients manage their alternative investment portfolios, including CLO/CDOs, private equity, hedge funds, and other alternative assets. The Settlement Team is responsible for primary and secondary market loan settlements, offering cutting-edge technology in the asset servicing of broadly syndicated loans. The Advanced Associate provides client support for loan settlements, deals, and asset on-boarding.
Requirements
- Bachelor’s degree in finance, accounting, related field, or equivalent combination of education, training, and work experience
- Typically, 4 or more years’ experience in accounting or finance with knowledge of securities, par, and trade fee calculations
- Exposure to high volume transaction processing and reconciliations
- Capable of interpreting credit agreements, alongside direct work experience with transfer documentation (including purchase price letters, netting letters, funding memos, participation agreements, consent and elevation agreements, termination agreements and transfer certificates)
- High proficiency in Excel and advanced Microsoft Office skills
- Wide latitude for independent judgement
Nice To Haves
- Experience with daily loan transactions and loan tracking systems
- Exposure to both TSI and ClearPar systems
- Understanding of broadly syndicated loans
Responsibilities
- Monitor and manage large volumes of loan closings, reconcile pending trades to client’s trade tickets/blotter, update data, and coordinate trade closings among counterparties, agents, and other groups to include formulation of pricing
- Build deal templates and user profiles, as well as onboard clients
- Receive and review par and distressed trade documentation, resolve trade issues, and escalate when necessary
- Review funding memos for discrepancies prior to settlement, and update fee calculation spreadsheets
- Prepare loan settlement or special client request reports
- Work under minimal supervision on complex projects and may coach and/or mentor junior associates
Benefits
- A career at FIS is more than just a job. It’s the change to shape the future of fintech.
- A voice in the future of fintech
- Always-on learning and development
- Collaborative work environment
- Opportunities to give back
- Competitive salary and benefits
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
