Loan Operations Senior Associate (Real Estate Debt Fund)

  • GBP60000 - GBP75000 per annum + Bonus & Benefits
  • London, England, United Kingdom
  • Permanent, Full time
  • Carnegie Consulting
  • 18 Mar 19

This prestigious Investment firm based in the West End are looking for a Loan Operations Senior Associate within their Asset Management team. The company are a specialist debt fund investing in Real Estate and asset backed operating companies as well as co-investment platforms.

This prestigious Investment firm based in the West End are looking for a Loan Operations Senior Associate within their Asset Management team. The company are a specialist debt fund investing in Real Estate and asset backed operating companies as well as co-investment platforms.

As a Senior Associate you will be responsible for leading on all operational activity involved in the whole life cycle management and administration of loans, originated and managed by the Firm.


Key responsibilities:

  • Review and opine on term sheets and very complex loan and security documentation at origination stage of loan for continuity and application
  • Preparation of key control sheets for deadlines and key events through the life cycle of the transaction based on the legal structure of the facility (note all facilities are bespoke)
  • Manage the operational process of closing, reconciliation of funding and booking of new investments
  • Oversight and day-to-day management of all subsequent life cycle activity, in particular post-closing/condition subsequent events, waivers and monthly reporting etc. through to eventual repayment
  • Monitor cash and loan reconciliation reports and be the first point of contact for resolution and escalation
  • Recommend exit strategies and manage workout process for defaulting loans
  • Monitor and enforce loan conditions and covenants / Recommend and implement key milestones
  • Visit borrowers and respective assets throughout Europe
  • Analyse monthly reports from borrowers (including comparing budgets to financial reporting) and feed into central reporting for weekly and monthly internal reporting and quarterly fund reporting
  • Support the quarterly investor reporting and internal control processes
  • Managing the relationship with outsourced KYC, Loan and Fund Administrators
  • Liaise with solicitors, valuers, agents and advisors (including budget setting and agreeing letters of engagement) and where necessary source agents
  • Provide input into financial reporting templates and provide interface to Finance team
  • Provide support to and mentor junior members of team
  • Interview new staff for asset management team



Requirements:

  • Strong academic profile including a degree
  • Experience of debt asset management for or on behalf of a fund
  • Highly diligent, hands on and process driven
  • Commercial with strong communication skills
  • Any experience within or exposure to accounting, legal or insolvency would be beneficial but not essential