Senior Associate, Private Settlements Credit Admin

Barings • Charlotte, NC

69d

About The Position

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients. We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities. The position is for a Senior Associate in Private Settlements Credit Admin within the Bank Loan Operations business unit located in Charlotte, NC. Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.

Requirements

• Private Loan closing experience in loan settlements and 2-3 years experience in finance or banking industry preferred.
• Knowledge of loan and equity settlements.
• Good knowledge of loan transfer documentation.
• Experience and understanding of SWIFT settlements.
• Numerate with high attention to detail.
• Clear and confident communicator, both verbally and written.
• Proactive and ability to work with minimum supervision (post training).
• Ability to work to tight deadlines and flexible to meet personal and team workload.
• Strong background with Loan position and cash reconciliations between systems. WSO/Custodians/Aladdin.
• A methodical thinker, able to resolve complex issues on a daily basis.

Responsibilities

• Work closely with multiple investment deal teams and operational teams, to effectively book and fund new bank loan and equity trades, as well as current DDTL and Revolver Draws.
• Coordinate settlement efforts with internal teams including Legal, Compliance, Finance, Deal Teams, FX and Middle Office teams as required.
• Review and understand loan documentation including Credit Agreements, Assignment Agreements and Funding Memos.
• Handle all aspects of settlements including booking and funding of trades in Aladdin and Clearpar.
• Ensure fundings are complete, accurate and fully reconciled.
• Monitoring/tracking/reporting of all trades using appropriate workflow tools.
• Perform daily position and cash reconciliation.
• Identifying and escalating issues to in house legal and compliance teams as well as management.
• Liaise with Administrative Agents with regards to KYC documentation, including administrative details, tax and fund formation documents.
• Develop network of effective relationships with Counterparties, Agents and Internal Teams.
• Identify process efficiencies and marginal gain opportunities for the team.
• Assist line management with initiatives and projects as required.

Benefits

• Medical (including Virtual Care), Prescription, Dental, and Vision Coverage.
• Fitness Center Reimbursement Program (Including Online Memberships).
• Employee Assistance Program (EAP).
• Fertility Benefits.
• Highly competitive 401(k) Plan with Company Match.
• Health Savings Account (HSA) with Company Contributions.
• Flexible Spending Accounts (FSA) - Health Care & Dependent Care.
• Retirement Health Reimbursement Account.
• Basic and Supplemental Life Insurance.
• Spouse and Child Life Insurance.
• Paid Vacation, Sick Days and Annual Holidays.
• Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time).
• Short and Long Term Disability Plans.
• Paid Volunteer Time.
• Education Assistance Program.
• Charitable Matching Gifts Program.
• Commuter Reimbursement Program.
• Adoption and Surrogacy Reimbursement Program.

What This Job Offers

• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Number of Employees: 1,001-5,000 employees