Fund Operations Analyst | Sponsor Finance | Private Credit/ Equity | Chicago, IL
We're partnered with a Multinational bank seeking a experienced, dynamic and strategic operations professional to join their growing Private Credit platform. This role is essential to ensure operational execution and risk management across a diverse portfolio of private credit investments. You will work closely with Agency Operations, senior leadership, investment professionals, and external partners to optimize processes, enhance controls, and deliver best-in-class operational support.
Private Credit Expertise
- Strong understanding of private credit markets, including direct lending, CLOs, SMA’s, and credit funds
- Familiarity with credit documentation, covenant structures, and borrower reporting
- Back-end operational experience in workout / restructuring credits
Operational Experience
- Oversee end-to-end operational workflows for private credit transactions, including loan settlements, cash management, and compliance monitoring.
- Coordinate with third-party administrators to onboard new SMA, private fund, and CLO accounts, ensuring accurate setup of accounts, loan positions, cash movements and reporting structures.
- Ensure accurate and timely portfolio data for performance reporting and investor communications.
- Review and validate key performance metrics such as IRR and MOIC.
- Maintain internal portfolio systems with up-to-date trade, borrower and valuation information.
Process Optimization
- Identify inefficiencies and implement scalable solutions to improve accuracy, speed, and transparency across operational functions.
Trade Settlement
- Hands-on experience with ClearPar platform for trade affirmation and settlement.
- Ability to manage trade lifecycle from execution through settlement, ensuring accuracy and timeliness.
- Drafting and execution of investor funding memorandum
Third-Party Administrator and Custodian Interaction
- Experience liaising with fund administrators for trade settlement, reconciliations, and investor reporting.
- Ownership of position‑level and cash‑level reconciliations across internal systems, agent banks, custodians, and third‑party administrators. This includes resolving discrepancies related to principal balances, PIK, fees, paydowns, amendments, restructurings, etc.
- Lead reconciliation processes following credit events, including amendments, restructurings, exchanges, and non‑accrual designations.
Supplier Management and Onboarding
- Experience managing relationships with third-party suppliers, including onboarding and ongoing due diligence.
- Ability to coordinate internal assessments of vendors for compliance, operational risk, and performance.
- Manage invoice processing, including reviewing, approving, and ensuring timely payment of supplier invoices.
- Address and resolve supplier questions or concerns related to invoices and payment status.
Qualifications
- Experience: 5+ years in operations within private credit, private equity, or alternative investments. Back-end operational experience in workout / restructuring situations will be viewed as a positive.
- Technical Skills: Excellent understanding of loan documentation, settlement processes, and fund structures.
- Team Orientation: Proven ability to work within a small team, manage complex projects, and influence cross-functional stakeholders.
- Analytical Mindset: Exceptional problem-solving skills with a focus on continuous improvement.
- Communication: Clear and persuasive communicator with the ability to translate operational insights into strategic recommendations.
Salary up to $150k USD Base, flexible based on experience.
If you are interested, please apply with an updated resume below or to lizeviljoen@albertbow.com – Initial Interviews are happening ASAP!
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