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Associate Director, Loan Servicing & Accounting
Barings Chicago, IL
$72k-103k (estimate)
Full Time | Investment Management 1 Month Ago
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Barings is Hiring an Associate Director, Loan Servicing & Accounting Near Chicago, IL

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients. We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities. Title: Associate Director, Loan Servicing & Accounting Business Unit: Client, Finance, and Operations Location: Chicago, IL or Charlotte, NC Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific. Job Summary As a key member of a newly formed Credit Administration team, you will work closely with both internal partners (loan settlement, loan agency, trade management and reconciliation teams) and relevant external parties (custodians/administrators and Agency firm) to ensure that Barings’ extensive loan portfolio (both public and private) across multiple clients is accurately represented on the book of record. You will demonstrate credibility with a proven competency and knowledge of financial services operations, as well as the ability to work independently, take ownership, and meet deadlines. Primary Responsibilities Support timely reconciliations between third party administrators and Baring’s book of record and subsequent NAV reporting deadlines internally. Ability to research and resolve position and cash breaks breaks across multiple parties, identify causes and liaison with loan servicer to ensure required correcting entries are posted on a timely basis. Participation in meetings/responding to inquires with/from the business team, servicers, and other operational support teams as required. Investigation and response to inquiries arising from the business team, the lender, the servicers, and other stakeholders. Review deal set ups and amendments to ensure they have been correctly recorded by the loan service provider in line with the underlying loan documentation. Identify causes of exceptions and work to enact proactive measures to reduce future breaks. Actively ensure upward and downward communication of issues. Assist in projects and identification of issues and areas for process improvement. Qualifications Very strong organizational skills and the ability to prioritize, multi-task and meet tight deadlines. Understand core loan operations concepts such as how principal, interest, fees are calculated and billed and the ability to reconcile differences. Able to manage heavy workload, understand urgency, multitask and prioritize to meet deadlines. Very strong organizational skills and the ability to prioritize, multi-task and meet tight deadlines. Effective communication skills, both written and verbal The ability to quickly learn and use various software tools, whether they are commercially standard products or developed internally. Attention to detail as well as an appreciation of the “big picture.” Ability to develop strong and effective relationships with various areas of the company, as well as with third party servicers as appropriate. 3 years’ experience in financial services General depth of knowledge in lending and financing structures. Knowledge of Microsoft Office Suite (Outlook, Word, and Excel, specifically) recommended. Recent and relevant experience in financial services operations, fund administration and/or trustee services. Bachelor’s degree in finance, accounting or related fields and/or equivalent combination of education and industry experience #LI-JS1 Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Barings offers a comprehensive benefits package including: CORE BENEFITS & WELLNESS Medical (including Virtual Care), Prescription, Dental, and Vision Coverage Fitness Center Reimbursement Program (Including Online Memberships) Employee Assistance Program (EAP) Fertility Benefits FINANCIAL WELL-BEING Highly competitive 401(k) Plan with Company Match Health Savings Account (HSA) with Company Contributions Flexible Spending Accounts (FSA) - Health Care & Dependent Care Retirement Health Reimbursement Account LIFE INSURANCE Basic and Supplemental Life Insurance Spouse and Child Life Insurance TIME OFF, DISABILITY AND LEAVE OF ABSENCE Paid Vacation, Sick Days and Annual Holidays Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time) Short and Long Term Disability Plans Paid Volunteer Time OTHER BENEFITS Education Assistance Program Charitable Matching Gifts Program Commuter Reimbursement Program Adoption and Surrogacy Reimbursement Program Barings is a leading global asset management firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative, institutional-quality solutions and service. Our team-driven culture is based on transparency, responsibility and putting our clients’ interests first. We listen to our clients to understand their needs, so that we can be a strategic advisor and long-term partner in meeting their unique investment goals. Risk management and protecting our investors’ capital over the long term is an essential component of our lasting partnerships. Barings is also committed to building long-term relationships with our associates and providing opportunities and support to help them succeed. With our expanding business and global footprint, Barings offers a wealth of opportunities for associates who share our culture, values and commitment to excellence in client service. As an organization, we believe that a diversity of perspectives and strengths is essential to meeting the evolving needs of our clients, and we are committed to attracting and retaining a talented workforce as diverse as the clients and communities that contribute to our success.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Investment Management

SALARY

$72k-103k (estimate)

POST DATE

03/13/2024

EXPIRATION DATE

04/02/2024

WEBSITE

barings.com

HEADQUARTERS

CHARLOTTE, NC

SIZE

1,000 - 3,000

FOUNDED

1989

TYPE

Public

CEO

MIKE FRENO

REVENUE

$500M - $1B

INDUSTRY

Investment Management

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About Barings

Barings is an investment management firm that provides financial advisory and asset management services for businesses.

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