Associate Advanced, BPS Ops (Settlements)

FIS

About The Position

We are FIS. Our technology powers the world’s economy and our teams bring innovation to life. We champion diversity to deliver the best products and solutions for our colleagues, clients, and communities. If you’re ready to start learning, growing, and making an impact with a career in fintech, we’d like to know: Are you FIS? About the Team Virtus from FIS is a leading provider of alternative investment services and technology solutions, specializing in delivering comprehensive front, middle, and back-office services to asset managers, banks, and other institutional investors. Virtus helps its clients manage their alternative investment portfolios, including CLO/CDOs, private equity, hedge funds, and other alternative assets. What You Will Be Doing The Settlement Team is responsible for primary and secondary market loan settlements, offering cutting-edge technology in the asset servicing of broadly syndicated loans. The Advanced Associate provides client support for loan settlements, deals, and asset on-boarding. Monitor and manage large volumes of loan closings, reconcile pending trades to client’s trade tickets/blotter, update data, and coordinate trade closings among counterparties, agents, and other groups to include formulation of pricing Build deal templates and user profiles, as well as onboard clients Receive and review par and distressed trade documentation, resolve trade issues, and escalate when necessary Review funding memos for discrepancies prior to settlement, and update fee calculation spreadsheets Prepare loan settlement or special client request reports Work under minimal supervision on complex projects and may coach and/or mentor junior associates

Requirements

Bachelor’s degree in finance, accounting, related field, or equivalent combination of education, training, and work experience
Typically, 4 or more years’ experience in accounting or finance with knowledge of securities, par, and trade fee calculations
Exposure to high volume transaction processing and reconciliations
Capable of interpreting credit agreements, alongside direct work experience with transfer documentation (including purchase price letters, netting letters, funding memos, participation agreements, consent and elevation agreements, termination agreements and transfer certificates)
High proficiency in Excel and advanced Microsoft Office skills
Wide latitude for independent judgement

Nice To Haves

Experience with daily loan transactions and loan tracking systems
Exposure to both TSI and ClearPar systems
Understanding of broadly syndicated loans

Responsibilities

Monitor and manage large volumes of loan closings
Reconcile pending trades to client’s trade tickets/blotter
Update data, and coordinate trade closings among counterparties, agents, and other groups to include formulation of pricing
Build deal templates and user profiles, as well as onboard clients
Receive and review par and distressed trade documentation, resolve trade issues, and escalate when necessary
Review funding memos for discrepancies prior to settlement, and update fee calculation spreadsheets
Prepare loan settlement or special client request reports
Work under minimal supervision on complex projects and may coach and/or mentor junior associates