Client Service Specialist

Deutsche Bank•New York, NY

31d•$140,000 - $187,500•Hybrid

About The Position

CLO & Private Credit Services was started back in 2000. Our staff of professionals provides trustee, calculation agent, collateral administration, and custodian services on over 400 SPVs both domestically and throughout Europe. The Account Manager is the primary point of contact for our clients, which are the collateral managers of Collateralized Loan Obligations. You must have a deep understanding CLOs, ABLs, compliance test calculations, bank loans and other complex fixed income structures. You will provide oversight of day to day operational/client service activities while monitoring controls such as overdraft reports, annual reviews, and outstanding deal compliance. What We Offer You A diverse and inclusive environment that embraces change, innovation, and collaboration A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days Employee Resource Groups support an inclusive workplace for everyone and promote community engagement Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits Educational resources, matching gift, and volunteer programs

Requirements

BA/BS, preferably in Accounting, Finance, Business or Economics, MBA is a plus
Proven prior experience with CLOs
Understanding of bank loans - BSL, middle market and private credit loans.
Understanding of general accounting and financial reporting principles
General understanding of structured credit products; ABLs and borrowing base calculations, a plus.
Competent in all MS Office products; Advanced MS Excel abilities, familiarity with complex formulas and modelling techniques, a plus.
Familiarity with wiring instructions, SWIFT payments a plus.
Experience reviewing indentures, credit agreements and other governing documents
Strong written/verbal communication skills.
Strong organizational skills.

Nice To Haves

Experience with Solvas-CDOSuite, a plus
Fluent in English

Responsibilities

Primary point of contact for a portfolio of CLO Special Purpose Vehicles
Produce monthly and quarterly investor reporting packages. Must have knowledge of all test calculations in the issued reports
Review and release wires for trade settlements
Communicate with arrangers, collateral managers, rating agencies, accountants and bondholders
Close interaction with DB Operations and Account Administrators.
Maintain each SPV's annual compliance requirements (Accountant's Reports, Issuer's Certifications, etc.)
Senior Management – Must be able to succinctly communicate with high level leaders within the organization
Clients – Must understand the CLO transaction and be able to interact with Collateral Managers and Investors on the internal mechanics of a deal
Analytics/IT – Must be able to identify operational bottleneck and work together with IT/Analytics to develop and implement a solution