Position Summary

Hercules Capital, Inc. (“Hercules”) is an internally managed, publicly traded BDC providing financing solutions to high-growth, innovative venture capital-backed and institutional-backed companies.

The Portfolio Operations Manager will be responsible for overseeing the day-to-day coordination and facilitation of portfolio operations over the entire lifecycle of assigned portfolio investments. The individual will interface with external vendors and our internal partners across Accounting, Legal, Deal Teams & Treasury functions to ensure each stage of the investment lifecycle is efficiently and excellently executed. The role will involve a deep understanding of Hercules’ investment and business operations. The individual must possess strong communication and organizational skills, attention to detail and a sense of urgency. This job may include additional responsibilities as business needs develop and will include supervisory responsibilities, as appropriate. Training will be provided.

Essential Responsibilities

·Own the portfolio operations process for assigned deals for the life of assigned portfolio companies, from receipt of a signed term sheet through funding and eventual payoff of the loan(s) or other disposition of the investment.

·Create internal communication channel for members of the deal team across business for each new portfolio investment.

·Review and approve pre-funding documentation for completeness and accuracy, inclusive of investment approval, investment documentation, and funding request and wire information.

·Manage receipt and tracking of collateral, including warrants, stock, future equity rights, and UCCs.

·Administer and manage post-closing deliverables and follow-up with deal team and outside counsel accordingly.

·Review of ACH and Wire Reconciliation processes performed by Ops team members.

·Calculate payoffs and create payoff letters using approved templates.

·Upon payoff of a loan, work with custodian to retrieve and deliver collateral documents to appropriate parties.

·Ensure all investment and funding documents are collected and stored appropriately.

·Draft and manage post-closing Assignment documents including funds flow for fee splits.

·Manage execution and support portfolio related data maintenance and strategy. 

Qualifications

·Bachelor’s degree (in a business, accounting, or finance concentration preferred) or work experience equivalent.

·Minimum of 5 years of professional experience with portfolio operations, loan closing, loan and/or treasury operations

·Expertise in end-to-end investment process; including deal lifecycle, and closing and funding requirements, and post-closing activities.

·Familiarity with warrants and equity administration required.

·Must be highly organized and have a strong attention to detail.

·Excellent communication skills.

·Ability to lead projects and take ownership of processes.