Associate, Credit Facility Management, PFS - New York

BlackRock•New York, NY

2d•$105,000 - $135,000•Hybrid

About The Position

HPS Investment Partners, a part of BlackRock, is a leading global, credit-focused alternative investment manager. The Middle Office team is responsible for ensuring the funds positions and cash balances are as accurate as possible, managing the trade lifecycle, trade capture, settlement, loan administration, daily cash and position reconciliations, corporate action elections/recordings, and PnL break analysis and resolution. They also provide oversight of managed service providers, handle ad-hoc requests, provide performance metrics, and ensure timely payment of interest and principal to leverage providers. The Middle Office team interacts closely with various other teams daily. HPS is seeking to recruit an Associate to join the Credit Facility Management team in New York. The recruit will focus on the operational components of managing credit facilities across the HPS platform and the end-to-end lifecycle of trade execution and settlements. Responsibilities include borrowing base maintenance, borrow and paydown facilitation, reporting requirements, maintaining covenant compliance, and managing the end-to-end lifecycle of trade execution and settlement. The individual should have exceptional organizational skills with strong attention to detail, the ability to meet strict deadlines, and work independently and as part of a team. A desire for a fast-paced environment is crucial.

Requirements

Graduate with a bachelor’s degree
1-3 years of experience in financial services industry (preferably with experience in credit fund middle office operations)
Understanding of credit facilities and private credit fund structures is a plus
Understanding of bank loans
Experience with S&P Markit, Clearpar, Aladdin, or VPM is a plus
Strong excel skills (Vlookups, Sumifs)

Nice To Haves

Experience in credit fund middle office operations
Understanding of credit facilities and private credit fund structures
Experience with S&P Markit, Clearpar, Aladdin, or VPM

Responsibilities

Facilitate monthly, quarterly and annual reporting requirements for financing across the HPS platform
Facilitate borrow and paydown requests to lenders
Maintain relationship with custodian for asset facilities and facilitate bank account opening where required
Review monthly or quarterly waterfalls and custodial reports in connection with financing
Maintain compliance with underlying credit facility covenants
Manage the closing process and ensure all transfer documents (i.e. Assignment and Assumptions) are executed timely and book into internal systems in accordance with legal documents
Communicate with deal team, legal team, tax team, and agent banks to resolve settlement bottlenecks and KYC requirements
Manage inbox and follow up on flagged issues to ensure timely resolution
Proactively identify and implement opportunities to optimize workflows and enhance operational efficiency
Lead trade booking and wire processing activities in Aladdin, ensuring accuracy and timely execution
Review and validate lender-provided interest and fee invoices by independently recalculating amounts to ensure accuracy prior to booking