Group Company: Acuity Analytics

Designation: Analyst/Associate

Office Location: Gurgaon

Primary Responsibilities: Loan Operations, Loan Syndication

Additional Responsibilities: Working knowledge of WSO, Loan IQ

Reporting Team

• Reporting Designation: Assistant Director
• Reporting Department: Private Market
  
  

Required Work Experience

• Industry: Private Markets
• Years of experience: 2-6 years
  
  

Key Performance Indicators:

• WSO – Cash & Position Reconciliation
• Setting up automated Cash and Position reconciliation in excel.
• Daily cash and position reconciliation of private credit and private equity funds
• Identifying the cash and position breaks and investigating the issue to resolve the same and update the same to respective stakeholders
• Three-way Position reconciliation between WSO, Custodians and Fund Administrator (Par value, Cost and Market Value reconciliation)
• Reconciling the historical entries to clear and report the aged breaks
• Recording and monitoring activities (capital calls, distribution, prepayment, and debt servicing etc.)
• Setting up WSO for new loans by going through Credit agreements, term sheet and other legal documents.
• Loan servicing in WSO i.e., rollover, payments, borrowing, fees, spread changes, maturity date update, etc. as per agent bank notices.
• Trade settlement as per custody cash movements
• Interacting pro-actively with various stakeholders like custodians, banks, and PE fund managers on a day-to-day-basis
• Manage month end closing activities
• Loan IQ - Loan Booking, Servicing and Trade Settlement
• Review Credit agreement and other loan related documents
• Setup or modify new and existing loans in several notebooks of LoanIQ
• Setup and update repayment schedules, Pricing Index & Rules, Facility, type of facility, CRA info, Repayment, maturity etc.
• Perform servicing activities in LoanIQ – Rollovers, Advances, Paydowns, Past Dues, fees and interest and principal payments
• Thoroughly checking Agent’s notices involving drawdowns, repricing, loan service etc.
• Assist Agency teams with the Agent’s notices
• Track Past Due payments, clean up unpaid and prepare reports per requirement
• Understanding of Trade documents like Assignment agreements, Funding Memos
• Book the new trades (Internal/External) in LoanIQ
• Manual Share adjustment of internal loans to settle the trades
• Settlement of Third-Party trades in LoanIQ and Clearpar
• Setting up SOPs (Standard Operating Procedures) by laying down the processes and internal check frameworks to achieve the overall objective
• Client Management: Understanding project request, negotiate deadline and handling client queries
  
  

Project Management: Project structuring, planning, conceptualizing output

Required Competencies:

• B. Com Graduate/MBA finance/CA/CFA
• 0-2 years of experience in fund accounting, Loan Syndication, Asset servicing, cash, and position reconciliation of private equity funds
• Knowledge of databases Markit (for notices), Geneva reporting (cash and Long-short position)
• Experience of working on WSO, Allvue, LoanIQ and other loan operations platform
• Understanding and ability to work with Legal documents (Credit or Loan agreements/Amendments/Assignment agreements)
• Strong in finance fundamentals and analytical skills
• Excellent in MS Excel to process varied data sets
• Strong written and verbal communication skills
• Ability to work effectively under tight deadlines
  
  

Dedicated and motivated individuals having demonstrated academic excellence with project management, client relationship management, analytical, and teamwork skills

Work Environment Details: Rotational Shifts