Private Credit Operations Manager

Universities Superannuation Scheme Limited
London, United Kingdom
Competitive Salary and Benefits
16 Apr 2021
16 May 2021
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Key Responsibilities

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

  • 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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