Private Credit Operations Lead

Wellington Management•Boston, MA

4d•Hybrid

About The Position

THE COMPANY Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 55 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients. OVERVIEW The Private Credit Operations Lead will be responsible for executing and supporting all operational activities within the private credit and commercial real estate debt deal execution/settlement process, and lifecycle management (coupon/principal/fee payments), along with other corporate actions. This role will present the opportunity to work with multiple teams across the firm, including investments, private investment valuation, investment product and fund services, legal & compliance, tax, and information technology to develop and integrate private credit and commercial real estate debt data & workflows into an existing private credit operating model. Additionally, the Lead will play a critical role in the development and enhancement of core operational processes and controls, as well as in training and mentoring junior members of the team. The ideal candidate has deep expertise in supporting life cycle events for various private credit strategies, including investment grade private placements, direct and venture lending, specialty finance, and commercial real estate debt.

Requirements

7-10 years of experience with demonstrated deep expertise in private direct lending administration and supporting private credit strategies, including investment grade private placements, direct and venture lending, specialty finance, and commercial real estate debt
Experience with industry technology and platforms used in supporting private credit and real estate strategies such as IVP (Indus Valley Partners), Sentry-PM, Allvue, IHS Markit-WSO/ClearPar; CBRE, Citus, Midland, Bellwether, and Geneva.
Demonstrated leadership skills and accountability executing against a strategic vision, including integrating the use of third-party service providers into the overall support function
Highly collaborative working style, willing to roll up sleeves and dig in to solve problems independently and as part of a broader team
Strong business, critical, and analytical thinking capabilities with excellent writing and oral communication skills
Must be detail-oriented while able to consider the bigger picture and quick to understand and apply new concepts in a high-performing environment
Highly effective change-agent who is constantly assessing where processes can be improved, and embraces change and flexibility
Demonstrated organizational, project, and time management skills with the ability to multi-task and handle competing and changing priorities with tight deadlines
Strong academic credentials, MBA/CPA/CFA/CAIA preferred

Responsibilities

Support all aspects of loan administration as a Senior member of a dedicated operations team supporting several private credit and real estate strategies, including investment grade private placements, growth lending, commercial real estate debt, and specialty finance.
Assist portfolio management teams with closing activities and the coordination of transaction activity across portfolio management, fund administrators, agents, and loan administration service providers
Provide oversight of daily operations activities at external service providers to ensure timely and accurate asset servicing on internal and third-party platforms. This will include the setup of new issuer/deal records, credit facilities/securities, new trade/issuance booking, guideline monitoring, lifecycle activity, corporate actions, collateral & covenant monitoring, periodic reconciliations, and final disposition of all portfolio holdings.
Analyze complex credit/note purchase agreements and identify critical attributes necessary to operationalize each deal we invest in.
Understand investment guidelines across multiple client relationships and act as first line of defense for pre- and post-trade compliance monitoring.
Participate in third party vendor outsourcing assessments and on-boarding, as well as continuously evaluate in-source/out-source decisions as the platform grows
Maintain data oversight of internal and external asset record keeping.
Design and provide ad-hoc and standard reports by slicing data and presenting several outcomes for internal stakeholders and clients
Lead projects for automation and process improvements related to loan closings, trade workflow, deal tracking, position reconciliations, and cash management.
Participate in cross-functional projects including third-party service provider and technology vendor evaluation, & technology implementation.
Stay abreast of regulatory requirements and industry best practices (LSTA) for loan, credit, and debt securities

Benefits

retirement plan
health and wellbeing
dental
vision
pharmacy coverage
health savings account
flexible spending accounts and commuter program
employee assistance program
life and disability insurance
adoption assistance
back-up childcare
tuition/CFA reimbursement
paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)