Associate, Strategic Financing, PFS - New York

BlackRock•New York, NY

4d•$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 Strategic Fund Financing team focuses on sourcing and optimizing credit facilities across the PFS platform. These include asset-backed facilities secured by HPS fund investments, subscription facilities secured by capital commitments from HPS investors, as well as more bespoke financings. HPS is currently seeking to recruit an Associate level candidate to join the Strategic Fund Financing team in New York, NY to support the PFS platform. The individual should be highly organized with strong attention to detail. They should have the ability to meet strict deadlines, as well as work independently and as part of a team. A desire for a fast-paced environment is crucial.

Requirements

Graduate with a bachelor’s degree in Finance or related field
3-7 years of experience in financial services industry
Understanding of credit facilities and/or CLOs
Understanding of bank loans
Proficient in excel and outlook

Responsibilities

Manage compliance with credit facility terms, including ongoing Borrowing Base compliance
Coordinate with Legal and Business Development on new fund pipeline and investor requests
Source term sheets for new opportunities
Amend agreements or refinance where necessary to stay current on market terms
Manage various existing asset warehousing arrangements
Coordinate with operational teams with respect to mechanics of facility closings and daily monitoring
Review and compare leverage across funds to ensure leverage targets are met
Review fund investments for inclusion in asset facilities
Manage loan approval process with lenders