Associate, Credit Facility Management, PFS

HPS is seeking to recruit an Associate to join the Credit Facility Management team in New York.

The recruit will focus on the operational components of managing credit facilities across the HPS platform and the end-to-end lifecycle of trade execution and settlements. Responsibilities include, but are not limited to, borrowing base maintenance, borrow and paydown facilitation, reporting requirements, maintaining covenant compliance, and managing the end-to-end lifecycle of trade execution and settlement.

The individual should have exceptional organizational skills with strong attention to detail. The individual should have the ability to meet strict deadlines, as well as work independently and as part of a team. A desire for a fast-paced environment is crucial.

Responsibilities

Specific responsibilities will include but not be limited to the following:

• Facilitate monthly, quarterly and annual reporting requirements for financing across the HPS platform

• Facilitate borrow and paydown requests to lenders

• Maintain relationship with custodian for asset facilities and facilitate bank account opening where required

• Review monthly or quarterly waterfalls and custodial reports in connection with financing

• Maintain compliance with underlying credit facility covenants

• Manage the closing process and ensure all transfer documents (i.e. Assignment and Assumptions) are executed timely and book into internal systems in accordance with legal documents

• Communicate with deal team, legal team, tax team, and agent banks to resolve settlement bottlenecks and KYC requirements

• Manage inbox and follow up on flagged issues to ensure timely resolution

• Proactively identify and implement opportunities to optimize workflows and enhance operational efficiency

• Lead trade booking and wire processing activities in Aladdin, ensuring accuracy and timely execution

• Review and validate lender-provided interest and fee invoices by independently recalculating amounts to ensure accuracy prior to booking

• Candidate Profile

• Graduate with a bachelor’s degree

• 3-5 years of experience in financial services industry (preferably with experience in credit fund middle office operations)

• Understanding of credit facilities and private credit fund structures is a plus

• Understanding of bank loans

• Experience with S&P Markit, Clearpar, Aladdin, or VPM is a plus

• Strong excel skills (Vlookups, Sumifs)