Credit Services and Cash Management, Senior Associate

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Location:

Chicago, US

ABOUT US:

As a world leading provider of integrated solutions for the alternative investment industry, Alter Domus (meaning “The Other House” in Latin) is proud to be home to 90% of the top 30 asset managers in the private markets, and more than 6,000 professionals across 24 jurisdictions.

With a deep understanding of what it takes to succeed in alternatives, we believe in being different in what we do, how we work, and most importantly in how we enable and develop our people. Invest yourself in the alternative, and join an organization where you progress on merit, where you can speak openly with whoever you are speaking to, and where you will be supported along whichever path you choose to take.

Find out more about life at Alter Domus at

JOB DESCRIPTION:

• The Credit Services and Cash Management team work closely with banks, credit unions, non-traditional commercial lenders, and private equity funds. Services include commercial loan underwriting, annual credit reviews, financial analysis, statement spreading, ratio & trend analysis, covenant & other loan metric monitoring, special asset management, commercial construction draw management, cash management, and document custody services.
• Take full ownership of client deliverables and ensure time frames as agreed with clients are met.
• Review and process distributions via wire, ACH, or check.
• Daily, weekly, and monthly reconciliation of accounts with bank records.
• Document custodial services for commercial, residential, or other loan facilities. Inventory and certify loan files, reporting exceptions. Processing of full or partial release requests.
• Analyze and process client construction or capex draw requests on an as needed basis.
• Monitor and communicate results for defined covenants and other financial metrics as requested by the client generally for positions held in syndicated or other structured loans.
• Spread and analyze borrower and guarantor financial statements and commercial property level operating statements.
• Assist with preparing written credit reviews and credit due diligence packages on behalf of our clients on commercial credits including C&I, commercial real estate, and government guaranteed loans (SBA 7(a), SBA 504, & USDA).
• Assist with management of special assets, including coordinating with the lender, borrower, legal counsel, and other professionals deemed necessary to manage the process of asset resolution.
• Assist on onboarding of new clients, including collection of KYC documentation and account opening.
• Use effective listening and communication skills to liaise with clients, internal Alter Domus teams and external parties regarding the timeliness and accuracy of loan activity information

Client Service and Communication

Skills:

• Responsive, friendly and proactive personality.
• Demonstrated ability to learn new concepts quickly and independently while maintaining effective communication with team members and clients.
• Multi-task and maintain a high level of organization to meet daily and monthly deadlines.
• Work in a dynamic team environment and participate in strategic initiatives.
• Use critical thinking to successfully resolve exceptions and problems.
• Deadline-driven and highly organized with exceptional attention to detail.

YOUR PROFILE:

• Bachelor’s degree in finance, accounting, or economics.
• At least 5 years of relevant work experience with banks, credit unions, non-traditional commercial lenders, or private equity funds.
• Highly proficient in Microsoft Excel and word.
• Completion of a formal credit training program is a plus.
• Background in SBA/USDA lending programs is a plus.
• Experience in special asset management…