Settlement Specialist

Golub Capital • Chicago, IL

1d • Hybrid

About The Position

The Settlement Specialist role is within the Operations Department, specifically on the Settlement & Funding Team. This team is responsible for the pre-closing process, including deal and fee structure, trade activity, document management, KYC, and settlement coordination. The Operations Team is crucial for maintaining data integrity across investment portfolios and collaborates with various departments like Front Office, Treasury, Tax, and Fund Accounting.

Requirements

• Bachelor’s degree required
• Advanced proficiency with Microsoft Excel
• Enthusiastic about working in office and creating a Gold Standard hybrid work culture
• Understanding of financial and accounting principles and terminology related to the loan market and credit agreements
• Understands the process of funding and settling trades and other agreements
• Ensures accuracy in documentation and works with various parties to carry out the process
• Manages daily processing related to agented and non-agented deals (e.g., rollovers, advances, credits, wire requests) for a portfolio and ensures cash is reconciled with loan accounting group
• Extensive and thorough pre-hire screens to ensure integrity, professionalism, and personal responsibility

Nice To Haves

• Experience with ClearPar and LSTA trade documentation preferred
• Knowledge of Broadly Syndicated Loans
• Experience reviewing legal documentation, specifically credit agreements
• Experience pulling basic loan parameters from Credit Agreements (e.g., interest rates, amortizations)

Responsibilities

• Handling loan trade settlements across multiple funds
• Monitoring and coordinating daily cash flows between trustees and the Treasury Team
• Creating and coordinating execution of trade documents (e.g., Assignment Agreements, Funding Memos and Trade Tickets)
• Understanding trading specifics including delayed compensation, economic benefit and PIK
• Working closely with Agents / Counterparties to ensure timely settlement
• Confirming all required internal approvals have been received
• Distributing settlement documents to all appropriate parties
• Confirming cash disbursements have been made accurately
• Understanding complex corporate structures for KYC & Tax purposes
• Coordinating requests for tax forms
• Understanding incorporation documentation requirements
• Bond settlement
• Assisting with audit requests and special projects as needed
• Updating procedures as needed

Benefits

• Full range of medical, financial and/or other benefits
• 401(k) eligibility
• Various paid time off benefits such as vacation, sick time and parental leave

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level