Associate\\Senior Associate, Borrowing Operations

Title:

Associate Senior Associate, Borrowing Base Operations Business Unit:
Treasury

Location:

Charlotte, NCBarings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of Mass Mutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.
*** Job Summary
*** Treasury is seeking a highly motivated Associate or Senior Associate to assist in the daily administration, oversight, and operational execution of fund finance facility borrowing bases. This individual will be responsible for a pool of debt facilities and their associated deliverables. The role will involve working closely with our capital markets, liquidity management, fund controller, and legal teams. This role supports borrowing base preparation and submission, lender-agent reporting, facility expense management, credit agreement review, covenant monitoring, and coordination with internal stakeholders to ensure timely, accurate, and compliant facility operations.
*** Primary Responsibilities
**** Construct and submit daily borrowing bases and related lender-agent deliverables for facility principal transactions, distributions, facility expenses, and monthly reporting requirements
* Review facility credit agreements and document/understand key operational terms, including principal transactions, interest and unused fee mechanics, fund financial reporting, monthly facility reporting, covenant compliance, events of default, cure processes and grace periods, and value adjustment event triggers and procedures
* Monitor the loan list pipeline and identify transactions that may conflict with sales and substitution restrictions as governed in applicable facility credit agreements
* Monitor total fund indebtedness and support ongoing compliance with facility and AUM limits
* Review lender-agent interest and unused fee invoices, closing and amendment-related legal fees, and related facility expenses for accuracy; coordinate timely settlement and maintain accurate, up-to-date expense records for assigned facilities
* Maintain the fund debt reporting calendar and ensure timely execution of all related deliverables
* Support remediation of borrowing base deficiencies and facility agreement defaults, including coordination of required follow-up actions and related documentation
* Partner with the Capital Markets team on the fund finance pipeline to review and provide operational input on draft facility agreements, advocating for terms that streamline day-to-day deliverables, reporting requirements, and ongoing facility administration
* Confirm receipt of collateral approvals by the agent bank and record at-close metrics and loan classifications
* Record principal transactions in eFront and maintain accurate transaction records in accordance with established processes
*** Qualifications
* *** Bachelor’s degree in finance, business administration, or accounting preferred
* Minimum 2-4 years of related asset management or banking experience
* Demonstrate a strong understanding of private fund finance debt facilities including, but not limited to, asset-based lending/leverage, subscription, revolver & swingline, uncommitted, and intercompany
* Proficiency with complex excel models and formulas
* Must be self-motivated and possess the skills to successfully interact with and negotiate with internal professionals, including management
* Knowledge of credit agreements and the ability to independently evaluate key…