Asset & Entity Servicing

Guggenheim Investments•Chicago, IL

1d•$90,000 - $100,000•Onsite

About The Position

The Associate position will support our Private Fund and CLO Operations team within the Asset and Entity Servicing group across a variety of areas including testing, database management, project preparation, among other tasks. They will interface with and support a highly focused, intellectual group of experienced professionals. The ideal candidate will be an intelligent, hard-working, organized, highly detail- and numbers-oriented self-starter with excellent Excel skills. The candidate should have experience working in a professional office environment as well as a working knowledge of the financial markets. This position is located in our New York City office, full-time.

Requirements

Bachelor’s degree
0-2 years of experience in financial services, preferably in an Operations role
Strong Microsoft Office skills, especially with Excel and Outlook are required
Exemplary organization and time management skills along with attention to detail
Ability to multi-task and set priorities while meeting deadlines in a fast-paced environment
Ability to work independently and communicate effectively with Senior Management
Self-motivation and ability to be adaptable
Ability to troubleshoot and problem solve

Nice To Haves

Demonstrated interest in investment management operations and compliance, with a willingness to learn, think creatively, and collaborate closely with senior leadership and cross-functional teams
Excellent quantitative, verbal, and written communication skills, with strong attention to detail, a process-oriented mindset, and a commitment to high standards of quality and accuracy.
Extremely self-motivated and results-oriented — is organized, proactive in finding solutions, and has a strong drive to complete projects

Responsibilities

Upon closing a CLO transaction, develop and maintain CLO model that provides testing guidelines and limits specified in Indentures by use of proprietary excel templates
Guidelines include overcollateralization, interest coverage and collateral quality tests
This includes revising the model as needed due any amended terms that may occur post-closing
Run pre-trade testing for proposed trades utilizing the CLO models and approve trades in Aladdin’s Compliance Dashboard. Additional testing may occur based on the results of the proforma trade analysis
Review and tie-out extensive data for trustee monthly and quarterly payment reports, which includes management and incentive fees
Direct cash entries with loan reconciliation team for Wall Street Office and GPIM cash team for PAM on any cash activities unrelated to trading. Entries may include quarterly waterfall payments, any borrowings or margin calls, and paid expenses
Advise corporate accounting of any management fees or Guggenheim reimbursable expenses that are expected with support such as management fee accrual calculations or invoices
Provide weekly CLO snapshot which includes KPI, positions summary, proforma quarterly distribution, redemption analysis, and transactions to portfolio managers and trade desk
Assist team lead/VP with data collection for any ad hoc requests related to due diligence/RFP, audit, revenue and fee analysis
Calculate and distribute monthly fee income offset file and coordinate signoff from fund and corporate accounting, portfolio management, legal, and client service
Maintain borrowing base files for leverage facilities and facilitate any fundings or paydowns on the leverage as directed by portfolio management
Monitor cash needs and submit borrowing requests for CLO warehouses which includes working closely with the loan closing team to manage expectations around loan settlements
Refresh monthly private funds team metrics and quarterly QPR.
Provide necessary information needed to produce 1099-MISC by compiling vendor payments and tax IDs for tax reporting on annual basis
General fund oversight
Calculate and signoff on waterfall calculations relating to Risk Retention vehicles