Senior Analyst CLO Operations
About The Position
Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them. Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself. As a Senior Analyst CLO Operations, you’re responsible for providing operational support for the trading and reporting functions within the Collateralized Loan Obligations (CLO) Operations team. Every day is different as questions arise in real time on the underlying trades in our funds. This position will work very closely with front office traders and analysts, third party accounting support, agent banks, and our internal legal team and will collaborate with the operations, accounting, and reporting teams within the larger Empower investments group. The functions supported by the analyst include the processing and reconciliation of trade related data, validating security master file (SMF) data, resolving cash and position discrepancies, account maintenance, and monthly reporting.
Requirements
- 3+ years financial services experience and knowledge of investment products and back-office/reporting operational support.
- Bachelor’s degree in accounting, finance, business administration, related field, or commensurate experience
- Proficient computer skills and intermediate knowledge of Microsoft Office applications
- Strong analytical reconciliation and problem-solving skills
- Relentless focus on accuracy and supporting documentation for all that you do.
- Demonstrated ability to work in a fast paced, agile environment successfully.
- Ability to manage multiple priorities, work independently and interact effectively with team members and other internal/external partners.
- Strong verbal and written communication skills
Nice To Haves
- Previous experience with CLO asset manager or bank loan investment operations
- Demonstrated pursuit of continuing education
- Exhibit a passion for identifying process improvements.
- Demonstrated affinity for learning/mastering new technologies.
Responsibilities
- Communicating cash and position discrepancies with external accounting administrator or trustee bank to ensure trades are processed and settled accurately for bank loans on each existing CLO or CLO warehouse.
- Validating SMF data of new loans to our portfolios
- Answer a large volume of questions regarding trade allocations, KYC data, etc. with a target of same day response (sometimes very time sensitive)
- Effectively communicate with internal and external partners and customers
- Prepare documents and communicate elections for corporate actions.
- Reconcile and research loan rating variances and other security attributes as required.
- Assist with reconciliation and request of funds during warehouse stage.
- Support internal and external audit requests as needed.
- Keep detailed supporting documentation of processes and individual transactions.
- Build-out new processes and improvements on a regular basis
- Proactively improve current operating procedures
- Other tasks as assigned.
Benefits
- Medical, dental, vision and life insurance
- Retirement savings – 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup
- Tuition reimbursement up to $5,250/year
- Business-casual environment that includes the option to wear jeans
- Generous paid time off upon hire – including a paid time off program plus ten paid company holidays and three floating holidays each calendar year
- Paid volunteer time — 16 hours per calendar year
- Leave of absence programs – including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)
- Business Resource Groups (BRGs) – BRGs facilitate inclusion and collaboration across our business internally and throughout the communities where we live, work and play. BRGs are open to all.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
