CLO & Private Credit Services – Account Administrator
Deutsche Bank•Santa Ana, CA
•$65,000 - $146,000•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 Administrator would be responsible for the cash management, mutual fund investing, FX trades and non-USD wires, cash ledger reconciliations, and identification of uninvested cash for our CLO product.
Requirements
- BA/BS, preferably in Accounting, Finance, Business or Economics
- Proven prior experience with CLOs
- Understanding of bank loans - BSL, middle market and private credit loans.
- Understanding of general accounting and financial reporting principles
- 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 credit agreements a plus
Nice To Haves
- Strong written/verbal communication skills.
- Strong organizational skills.
- Experience with Solvas-CDOSuite, a plus
- Fluent in English
Responsibilities
- Responsible for daily cash management and mutual fund investment for CLOs and other structured products
- Initiate and arrange for the release of wires for daily trade settlements.
- Set up FX trades and non-USD wires; reconcile daily cash receipts
- Research and identify any missing or uninvested cash for your portfolios
- Oversight of day-to-day operational/client service activities while monitoring controls such as review and reconciliation of overdrawn accounts or breaks reports
- Closely work with account managers to ensure all the client / bondholder queries and escalations are being handled in a timely and accurate manner
- Communicate with collateral managers, accountants and bondholders; close interaction with DB Operations and Account Administrators
Benefits
- 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
- health and wellbeing benefits
- retirement savings plans
- parental leave
- family building benefits
- Educational resources
- matching gift
- volunteer programs
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
