Cash Management & Credit Services, Associate I

About Us

As a world leading provider of integrated solutions for the alternative investment industry, Alter Domus (meaning “The Other House” in Latin) is proud to be home to 90% of the top 30 asset managers in the private markets, and more than 6,000 professionals across 24 jurisdictions.

With a deep understanding of what it takes to succeed in alternatives, we believe in being different - in what we do, in how we work and most importantly in how we enable and develop our people. Invest yourself in the alternative, and join an organization where you progress on merit, where you can speak openly with whoever you are speaking to, and where you will be supported along whichever path you choose to take.

Find out more about life at Alter Domus at careers.alterdomus.com

Position Overview

The Credit Services and Cash Management team work closely with banks, credit unions, non-traditional commercial lenders, and private equity funds. Services include commercial loan underwriting, annual credit reviews, financial analysis, statement spreading, ratio & trend analysis, covenant & other loan metric monitoring, special asset management, commercial construction draw management, cash management, and document custody services.

Job Description

• Review and process distributions via wire, ACH, or check.
• Daily, weekly, and monthly reconciliation of accounts with bank records.
• Document custodial services for commercial, residential, or other loan facilities.
• Processing of full or partial release requests.
• Analyze and process client construction or capex draw requests on an as needed basis.
• Monitor and communicate results for defined covenants and other financial metrics as requested by the client generally for positions held in syndicated or other structured loans.
• Spread and analyze borrower and guarantor financial statements and commercial property level operating statements.
• Assist with preparing written credit reviews and credit due diligence packages on behalf of our clients on commercial credits including C&I, commercial real estate, and government guaranteed loans (SBA 7(a), SBA 504, & USDA).
• Assist with management of special assets, including coordinating with the lender, borrower, legal counsel, and other professionals deemed necessary to manage the process of asset resolution.
• Assist on onboarding of new clients, including collection of KYC documentation and account opening.
• Use effective listening and communication skills to liaise with clients, internal Alter Domus teams and external parties regarding the timeliness and accuracy of loan activity information.
  
  

Client Service And Communication Skills

• Responsive, friendly and proactive personality Demonstrable ability to learn new concepts quickly and independently while maintaining effective communication with team members Multi-task and maintain a high level of organization to meet daily and monthly deadlines.
• Work in a dynamic team environment and participate in strategic initiatives.
• Use judgment, problem-solving, and flexibility to achieve goals and meet deadlines.
• Deadline-driven and highly organized with exceptional attention to detail
  
  

Qualifications

• Bachelor’s degree in finance, accounting, business or economics or commensurate work experience
• Prior work experience in finance services
• Ability to independently research and resolve problems
• Responsive, friendly, professional, highly organized, and superb communication style
• Solid Microsoft Excel experience
• Exceptional attention to detail and ability to thrive within a high-volume data-entry environment with both proficiency and accuracy
• Demonstrated willingness to work within a deadline-driven environment.
  
  

The salary for this role is $60,000 - $65,000/year depending on experience.

What We Offer

We are committed to supporting your development, advancing your career, and providing benefits that matter to you.

Our industry-leading Alter Domus Academy offers six learning zones for every stage of your career, with resources tailored to your ambitions and resources from LinkedIn Learning.

Our Global Benefits Also Include

• Support for professional accreditations such as ACCA and study leave
• Flexible arrangements, generous holidays, plus an additional day off for your birthday!
• Continuous mentoring along your career progression
• Active sports, events and social committees across our offices
• 24/7 support available from our Employee Assistance Program
• The opportunity to invest in our growth and success through our Employee Share Plan
• Plus additional local benefits depending on your location
  
  

Alter Domus is an Equal Opportunity Employer: Equity Statement

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.

(Alter Domus Privacy notice can be reviewed via Alter Domus webpage: https://alterdomus.com/privacy-notice/)