Associate, CLO

Crescent Capital Group • New York, NY

2d • $135,000 - $155,000 • Onsite

About The Position

Crescent Capital Group is seeking an experienced candidate to join the Capital Markets group as an Associate for the CLO Management business. The candidate will join an established $6bn CLO platform with a collaborative team focused on growing the business.

Requirements

• 3-6 years of CLO operations experience, ideally from a collateral manager, auditor, trustee, or investment bank
• Strong CLO and bank loan product knowledge
• Ability to interpret governing documents for CLOs and Credit Facilities
• Experience with CLO compliance modules (Solvas/CDO Suite, Wall Street Office, etc.)
• Strong Microsoft Excel skills, including the ability to manipulate large datasets
• Solid verbal and written communication skills
• Team player who demonstrates maturity, integrity, and professionalism
• Intellectually curious, highly collaborative, and intrinsically self-motivated

Responsibilities

• Monthly / Quarterly Deal Reporting. Conduct review and reconciliation of monthly CLO Trustee reports and quarterly waterfalls
• Breaks Management. Assist trading desk to resolve position breaks with outsourced CLO administrator
• Trade Testing. Perform pro-forma hypothetical trade testing for CLOs, while proactively raising issues / possible test failures
• Effective Date & Closing Date Process. Manage effective date reporting and closing date tie-out process for new CLOs
• Maintenance of Portfolio Management Tool. Maintain proprietary excel-based portfolio management tool, including updating on a daily / weekly basis to account for new loan allocations, trading activity, rating/price movements, etc
• Internal Reporting. Update and maintain weekly / monthly / quarterly portfolio statistics and analytics that are provided to portfolio managers, CLO structuring professionals, and traders
• Ad-Hoc Investor Analysis. Provide periodic portfolio analytics to address investor questions and/or information requests

Benefits

• The US base salary range for this full-time position is $135,000-$155,000
• Crescent's salary ranges are determined by role, duration of direct experience, and internal and external pay equity considerations
• maternity/parental leave
• fertility benefits
• benefits coverage for domestic partners

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed