What are the responsibilities and job description for the Senior Operations Associate position at Coda Search│Staffing?
A ~$20 billion investment manager specializing in credit-related investments is looking to hire a Senior Operations Associate. The Senior Operations Associate will play a critical role in supporting trading and private credit investment activities, including CRE loans, direct lending facilities, and private equity investments. This individual will own key components of the trade lifecycle, with a particular focus on complex, bespoke, and private credit assets, ensuring accurate trade capture, timely settlement, and effective coordination across internal and external stakeholders.
Responsibilities
Develop a deep understanding of trade capture, trade settlement, and private loan lifecycle processes across all traded products, with a particular emphasis on private credit assets, CRE loans, and structured credit securities.
• Process private loan trades from inception to maturity, including review and execution of closing documentation, funding coordination, security setup, and ongoing lifecycle management (interest payments, paydowns, amendments, and payoffs), as well as independently calculating, reviewing, and validating monthly interest accruals and loan balances and reconciling results to third-party loan servicers.
• Oversee loan/deal onboarding in internal systems, including security setup using deal terms sourced directly from closing documentation, trade booking, and maintenance of accurate investment data throughout the loan lifecycle; review and interpret loan agreements, participation agreements, and intercreditor agreements and coordinate with investment, accounting, tax, and compliance teams to ensure proper deal-level setup.
• Monitor the full trade lifecycle and daily cash activity across specified portfolios, including daily cash position monitoring and coordination of intra-day cash movements to meet funding and settlement requirements.
Qualifications
• Undergraduate degree with a track record of strong academic performance.
• 3–8 years of experience in accounting, hedge fund administration, valuation, or finance.
Salary : $125,000 - $175,000