Private Credit Operations Manager
- Employer
- Universities Superannuation Scheme Limited
- Location
- London, United Kingdom
- Salary
- Competitive Salary and Benefits
- Closing date
- May 14, 2021
View more
- Job Function
- Other
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
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Key Responsibilities
Delivery New business
Delivery existing business
Reporting
Third party Relationships
Stakeholder management
Skills and Experience
Delivery New business
- Work closely with the Private Market deal teams, understanding the operational implications of a credit deal (accounting, cash flows, valuations, and deal structuring considerations where applicable) - assisting in the implementation of new or existing operating models where required, ensuring understanding is documented, and appropriate controls implemented where necessary.
- This will require being "hands on" and in the detail of all credit related deals, be these direct, or via third party managers.
- Ensuring all SPV related objectives & requirements are appropriately considered, including performing bespoke risk assessments and the implementation of associated mitigants, related to a particular structure.
- Work with external third-party providers, whilst coordinating with stakeholders internally, to ensure any new service provisions with a third party meet the associated deal & structure requirements.
- Liaise with Performance, Risk, Legal, Compliance and Finance as required.
- Ensuring smooth settlement of any cash movements.
Delivery existing business
- Oversee a team member who is responsible for asset set up, settlement instruction maintenance.
- Managing efficient funding of the mandates, including requesting FX transactions and instructing fund subscriptions / redemptions and distributions, when necessary.
- Liaison with the Public markets funding function
- Ensuring cash and stock reconciliations are performed daily, with exceptions investigated as required.
- Oversee accounting/IBOR reconciliation process and own issue resolution as appropriate
- Operate with minimal errors
Reporting
- Liaise with Aztec (external fund accountant) to ensure mandate guidelines are monitored and provide a regular summary report
- Report any events within 24 hours into accelerate
- Oversee data produced for the weekly operating report, and committees, as required
Third party Relationships
- Grow and develop the relationship with Aztec for Fund administration
- Building relationships with the other credit asset related service providers.
- Relationship with JPM for any listed portfolios and for the unitization of Private market mandates
- Attendance at third party service reviews as required
Stakeholder management
- Manage and oversee another accountant on the team.
- Build a strong relationship across the internal supply chain from initiation to delivery with all areas. Drive solutions that are scalable and controlled.
- Develop close working relationships with PMG and third party service partners
Skills and Experience
- Accounting qualification required (ACA/ACCA)
- CFA/CAIA qualification advantageous
- Deal implementation background, considering operational and finance related components
- Business/ Operational experience of working within an alternative's manager
- A depth of product knowledge across multiple products (with particular focus on Private Credit)
- Knowledge of fund structuring is advantageous
- Problem solving with independent thought
- Experience of Bloomberg AIM
- Attention to detail
- Track record of initiative/project delivery
- Flexible approach to re-prioritise as needed
- Can do attitude
- Good Excel skills
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