Senior Finance Associate – Private Credit Leverage Management
About The Position
Bain Capital Credit is seeking a Senior Finance Associate to manage leverage facilities, including middle market CLOs, asset-backed facilities, and fund-level financing arrangements. This role involves overseeing liquidity planning across various levered private credit funds, such as Bain Capital’s BDCs, evergreen funds, and SMAs. The associate will be responsible for forecasting fund-level liquidity and leverage metrics, preparing borrowing/paydown requests, and maintaining/advising on liquidity and leverage statistics. Additionally, the role includes administering and managing leverage facilities, maintaining borrowing bases and portfolio surveillance models, optimizing collateral, driving collateral reporting processes, coordinating distributions, and facilitating lender reviews. The position also involves assisting in the development and implementation of process and technology improvements.
Requirements
- 2-4 years of relevant work experience, preferably working within private credit and/or CLO’s
- Four-year college degree with a strong academic background
- Strong interpersonal skills with capacity to interact with outside parties and personnel across all levels of the firm
- High attention to detail and a high standard for accuracy and responsiveness
- Ability to effectively prioritize responsibilities and work under strict deadlines
- Strong problem-solving skills and solutions oriented approach
- Dedicated team player with a strong sense of ownership and follow-through skills
- Ability to decipher complex legal documents and credit agreements
- Strong Microsoft Excel skills
Responsibilities
- Manage Bain Capital Credit’s leverage facilities including middle market CLOs, asset-backed facilities, and fund level financing arrangements.
- Oversee liquidity planning across a spectrum of levered private credit funds, including Bain Capital’s BDCs, evergreen funds and SMAs.
- Forecast fund-level liquidity and leverage metrics, factoring in new deal pipeline, realizations and use of financing facilities.
- Prepare borrowing / paydown requests to maintain appropriate liquidity for new deal funding and other cash needs.
- Maintain, and advise Portfolio Management team on, fund-level liquidity and leverage statistics over various time horizons and stressed scenarios.
- Maintain borrowing bases and portfolio surveillance models to support liquidity and financing facility management processes.
- Optimize financing facility collateral to maximize availability and manage against facility concentration limits and eligibility criteria.
- Drive collateral reporting process with trustees and other reporting requirements with lenders for credit facilities and CLOs as required by indentures / credit agreements.
- Coordinate with lenders, trustees and Bain Operations to execute quarterly waterfall distributions for credit facilities and CLOs.
- Coordinate with rating agencies to obtain credit estimates for portfolio companies.
- Facilitate lender asset review process with Bain deal teams ahead of primary deal fundings.
- Assist in the development and implementation of processes and technology solutions to improve day-to-day efficiency and accuracy.
Benefits
- Competitive benefits package designed to support employees’ health, financial security, family needs, and overall well-being.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
