Operations Analyst

Position Overview:

Primary focus will be on CLO Operations supporting the full lifecycle of CLO warehouse and issuance transactions. The CLO Operations team is responsible for loan portfolio trade capture, cashflows processing, settlements, reconciliations, life-cycle management, support for Collateralized Loan Obligations (“CLO”) vehicles throughout the warehouse and post-issuance phases. The successful candidate will possess hands-on experience across the full life-cycle of CLO transactions, including warehouse facility management, complex settlement and transfer processes, waterfall processing and operational controls around note issuance, and standardized investor reporting. You will be key in supporting new CLO launches, ongoing portfolio management, and operational process improvement initiatives. You will be a critical hire that is responsible for designing a controlled and scalable process.

Warehouse Setup & Maintenance

• Coordinate setup of new warehouse facilities and related accounts (SPV accounts, custodians, agents, warehouse lenders).
• Oversee onboarding of loans into the warehouse: trade capture, settlement instructions, eligibility checks, and static data setup.
• Monitor warehouse borrowing base, advance rates, margin/collateral requirements, and key covenants in coordination with the front office and risk.

Loan Trade Capture & Settlements

• Capture and maintain all primary and secondary leveraged loan trades for CLO warehouses and issued CLOs in the position-keeping system.
• Liaise with agent banks, custodians, and internal teams to ensure timely and accurate trade settlements, paydowns, amendments, and restructurings.
• Process all lifecycle events (fundings, repricings, partial prepayments, PIK, rollovers, default events) and ensure positions and par balances are updated correctly.

CLO Issuance / Closing Support

• Coordinate operational aspects of CLO pricing and closing, including:
  • Preparation and reconciliation of closing funds flows (take-out of warehouse facility, note proceeds, fees, expenses).
  • Asset transfer or confirmation (if different warehouse SPV vs CLO SPV).
  • Setup of CLO SPV, tranches, accounts, and reference data in internal systems.

• Work closely with the arranger, trustee, collateral administrator, external counsel, and internal legal/treasury to ensure an efficient, controlled closing.

Post-Issuance Cashflow & Reconciliations

• Monitor and reconcile:
  • Loan interest and principal cashflows.
  • CLO interest and principal payments.
  • Trustee/custodian account balances.
  • Support the trustee/collateral administrator in validating payment date waterfalls, test results, and principal/interest allocations.

Lifecycle Events & Corporate Actions

• Process and track events such as:
  • CLO refinancings, resets, and optional redemptions.
  • Loan amendments, covenant restructurings, and distressed exchanges.
  • Rating migrations where relevant for CLO tests.

• Ensure internal records and downstream reporting reflect changes accurately and on time.

New Deal / New Product Support

• Support new CLO launches, resets, and warehouses from an operational perspective:
  • Assist with designing and testing new workflows.
  • Onboarding of new managers/SPVs, trustees, accounts, and systems.

• Partner with technology and front office on system enhancements and integration with third-party providers (trustees, admins, loan platforms).

Process Improvement & Automation

• Identify opportunities to streamline and automate manual processes (e.g., trade bookings, reconciliations, reporting).
• Participate in or lead projects focused on:
  • STP (straight-through processing) of loan trades and cashflows.
  • Improving data quality and controls.
  • Enhancing reporting for front office, risk, and finance.

Required Qualifications:

• 5-10 years’ structured credit operations experience, with proven track record in the structured credit space focused on CLO issuance, warehousing, trade/process management.
• Deep understanding of syndicated loan settlement, warehouse facility mechanics, CLO trust/collateral administration, and the priority of payments waterfall.
• Demonstrate familiarity with cash and position reconciliations, loan closing.
• Experience supporting both the pre-deal (warehouse/ramp) and post-issuance phases of CLO transactions.
• Proficiency in advance Excel modeling and reporting; Power BI/VBA/Python a plus for process automation.
• Exposure to trustee/collateral admin platforms and standard industry platforms.
• Strong communication and organizational skills; comfortable collaborating with traders, managers, administrators, and external parties.
• Demonstrated vendor, process, and project management skills in an operations environment.
• Forward-thinking approach to workflow design and operational controls.
• Familiarity with regulatory, documentation, and KYC requirements for structured credit vehicles.
• Attention to detail and ability to manage competing priorities in a fast-paced market-driven environment.

The minimum base salary for this role is $100,000 if located in New York. This expectation is based on available information at the time of posting. This role may be eligible for discretionary bonuses, which could constitute a significant portion of total compensation. This role may also be eligible for benefits, such as health, dental, and other wellness plans, as well as 401(k) contributions. Successful candidates’ compensation and benefits will be determined in consideration of various factors.