Fund Accountant - CLO
About The Position
The Fund Accountant - CLO provides day-to-day operational and client service support for institutional and corporate trust accounts. The role monitors receivables, journal postings, cash reconciliation, and fund positions, and works with management and technical staff to identify business solutions for changes to processes, policies, and systems. It supports client relationships, account administration, cash and investment transactions, compliance activities, debt service calculations, payment processing, and trading operations. The position also contributes to global asset maintenance, new-product onboarding, business requirements documentation, and system and process testing. No direct management accountabilities are assigned.
Requirements
- Bachelor's degree with a finance focus, such as business administration or finance, or equivalent work experience.
- Certified Corporate Trust Specialist (CCTS) or Corporate Trust Master Certification (CTMC).
- At least 4 years of experience in the broadly syndicated and/or private credit loan market, or relevant experience.
- Strong client relationship management skills.
- Ability to provide a positive client experience through associate engagement, technology, workflows, and processing.
- Ability to manage multiple projects and timelines.
- Exceptional written and verbal communication skills and attention to detail.
- Strong operational knowledge of Corporate Trust processes and procedures.
Nice To Haves
- Advanced MS Excel skills.
- Understanding of credit products and markets.
- Strong data reconciliation skills.
Responsibilities
- Support day-to-day operations and client service activities, including monitoring receivables, journal posting, cash reconciliation, and fund position tracking.
- Support existing institutional and corporate trust accounts, including billing administrative fees, recommending fee increases, facilitating transaction closings, handling cash and investment transactions, monitoring cash activities and compliance items, calculating debt service, and generating and following up on payments.
- Perform daily cash application and collateral position reconciliation.
- Set up or delegate issues across systems accurately and promptly, prepare accounts for compliance review, and respond to compliance exceptions.
- Assist with global asset setup and maintenance.
- Help ensure cash processing and procedures support new products onboarded by the operational group.
- Perform trade and wire processing for daily trading activity.
- Support the Relationship Manager in overseeing client relationships.
- Participate in cross-training for other Corporate Trust roles and provide support as needed.
- Work with the business solutions team to document business requirements for system and process improvements.
- Organize and oversee team testing methodology, including test scripts and full-cycle unit, integration, system, and QA testing.
- Perform other duties as assigned.
Benefits
- Paid Time Off
- 401(k) matching program
- Annual incentive pay
- Paid holidays
- Company-sponsored medical, dental, vision, and other insurance coverage
- Health savings, flexible spending, and dependent care accounts
- Adoption assistance
- Employee assistance program
- Fitness reimbursement
- Tuition reimbursement
- Associate wellbeing program
- Associate emergency fund
- Associate banking benefits
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
