Settlement Specialist

About the role

Position Information Hiring Manager: Associate Director Department: Operations Department Overview Operations is comprised of two separate departments, each with distinct roles and responsibilities. The Settlement & Funding Team is responsible for the pre-closing process which includes deal and fee structure, trade activity, document management, KYC and settlement coordination. The Portfolio Administration Team is responsible for the booking of deals, daily servicing activity including payment processing, advances and rate resets as well as the maintenance of referential data. The Operations Team plays a pivotal role in the data integrity of the investment portfolios and they collaborate closely with many other areas of the Firm including the Front Office, Treasury, Tax and Fund Accounting. Position Responsibilities The Settlement Specialist has responsibilities which include, but are not limited to: Handling loan trade settlements across multiple funds Monitoring / 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 Know Your Customer ("KYC") & Tax: Understanding complex corporate structures Coordinating requests for tax forms Understanding incorporation documentation requirements Additional Responsibilities: Bond settlement Assisting with audit requests and special projects as needed Updating procedures as needed Candidate Requirements Qualifications & Experience: Bachelor's degree required 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) Advanced proficiency with Microsoft Excel Enthusiastic about working in office and creating a Gold Standard hybrid work culture Critical Competencies for Success Our Gold Standards define key behaviors and competencies across 4 dimensions: Leadership, Achieving Results, Personal Effectiveness and Thinking Critically. These behaviors and competencies drive our ability to win together. Leadership: Role models in this area consistently focus on the right goals and priorities and continually develop themselves and others. Always team players, they influence and engage with others to contribute to a supportive and inclusive culture where all feel welcome. Achieving Results: Role models in this area are high achievers who develop careful plans and deliver consistently and effectively. They hold themselves and others accountable for delivering high quality results, and they remove barriers to ensure others can contribute and grow. Personal Effectiveness: Role models in this area build strong relationships, treat others with respect and communicate effectively. They are driven to exceed expectations and are adaptable to changing circumstances. Thinking Critically: Role models in this area understand our business, rely on analytical reasoning and seek diverse perspectives to solve problems. They are forward thinking, anticipating issues and addressing them in advance. The department-specific competencies define the knowledge, skills and abilities that are needed to successfully perform the functional or technical work of this role. Innovative Mindset: Leverages an agile and creative mindset to drive innovative value creation, continuous process improvement and proactive learning through new technology, processes and people. Industry Knowledge: Demonstrates an understanding of the Firm's position in the industry, including its complex structure and competitive advantage in the marketplace. Monitors industry trends and changes and recognizes their relevancy and implications. Loan Markets and Credit Agreements: Applies knowledge of financial and accounting principles and terminology related to the loan market and credit agreements and utilizes relevant systems and portals to carry out operations. Settlements Process: 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. Portfolio Administration: 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. Compensation and Benefits For Illinois Only: It is expected that the base salary range for this position will be $65,000 to $110,000. Actual salaries may vary based on factors such as s