CLO Reporting AVP
cifc asset managementWhite Plains, NY
$150,000
APPLY (opens in a new tab)CLO Reporting AVP
cifc asset managementWhite Plains, NYSenior L5
$150,000
Portfolio Management and Investment AdviceOther Activities Related to Credit IntermediationInternational, Secondary Market, and All Other Nondepository Credit Intermediation
APPLY NOW (opens in a new tab)CIFC OVERVIEWFounded in 2005, CIFC Asset Management LLC (together with its affiliates, “CIFC” or the “Firm”) is a global credit manager with $48 billion in assets under management. CIFC focuses across multiple disciplines including CLOs, structured credit, corporate credit, and opportunistic credit, as well as direct lending. With offices in Miami, New York and London, and serving over 400 investors globally, we have approximately 200 employees. For more information, please visit CIFC’s website at www.cifc.com.Position OverviewCIFC is seeking an experienced CLO Reporting professional to take full operational ownership of an assigned group of CLO funds. The role is responsible for daily compliance monitoring, cash reconciliation, trustee report tie-outs and quarterly waterfall and equity distribution reporting, as well as warehouse valuation and closing support. The ideal candidate combines strong CLO indenture and bank loan knowledge with advanced Excel skills and the attention to detail needed to deliver accurate, timely reporting.
Key Responsibilities: Assume full operational ownership of assigned CLO funds, including:
- Perform daily review and analysis of CLO compliance metrics, escalating potential breaches and shrinking test cushions to portfolio management
- Prepare the monthly trustee report tie-out package and resolve discrepancies with the trustee
- Compile quarterly waterfall payments and prepare related equity distribution forecasts
- Perform daily cash reconciliation against trustee files, and investigate and resolve any breaks
- Analyze CLO warehouse NAV and equity valuation; support warehouse closing processes and effective date reporting
- Track management fees and fund expenses, and review accruals for accuracy
- Reconcile positions and trade activity between internal systems and trustee reports
- Monitor collateral quality tests, reinvestment criteria and rating changes, and assess their impact on overcollateralization and interest coverage tests
- Serve as a point of contact for trustees, collateral managers, auditors and investors, and support audit and investor information requests
- Maintain process documentation and controls, and identify opportunities to improve and automate reporting workflows
- Prepare ad hoc reporting and analysis as requested
- Qualifications & Experience
- Bachelor’s degree in Finance or another qualifying field (e.g., Accounting, Economics or Business)3–10 years of experience in a similar role at a buy-side firm, CLO trustee, accounting firm or service provider
- Excellent written and verbal communication skills and strong analytical ability
- Advanced Excel proficiency and strong technology skills
- Working knowledge of bank loan operations
- Working knowledge of CLO indenture compliance and reporting
- Experience with Wall Street Office or other portfolio administration systems strongly preferred
- Understanding of Moody’s, S&P and Fitch credit ratings and notching methodology
- Strong attention to detail and the ability to manage multiple deadlines in a controlled environment
- Base Salary$150,000
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Level
Senior L5
Salary
$150,000
Location
White Plains, NY
Occupation
Financial Specialists, All Other
Industry
Portfolio Management and Investment Advice
Posted
yesterday