Senior Fund Accountant - CLO

Duties & Responsibilities

This role will provide support of day to day operational/client service activities while effectively monitoring daily receivables, journal posting, cash reconciliation, fund position tracking. In addition, will be working along management and technical staff to identify business solutions for changes to business processes, policies, and systems.

Resolve the most complex issues for the most demanding high-profile clients and deal structures.

Provide day-to-day support to existing institutional/corporate trust accounts including billing for administrative fees, recommending fee increases, facilitating transaction closing, handling cash and investment transactions, monitoring cash activities and compliance items, providing debt service calculations, executing payment generation and follow-up.

Responsible for accurate/timely setup or delegation to associates of issues on all systems, preparing accounts for compliance review and responding appropriately to compliance exceptions.

Review deal documents alongside Relationship Managers to ensure operational mechanics are appropriate.

Assist operational group to ensure cash processing and procedures fit within any new products the team onboards.

Develop and lead trainings related to Corporate Trust products and services.

Actively participate as a subject matter expert for ongoing projects and system testing.

Participate in cross-training to learn other Corporate Trust roles and provide support, as needed.

Provide indirect management of junior fund accountants.

Work with business solutions team to document business requirements for system and process improvement.

Organize and oversee team testing methodology for test scripts and appropriate full-cycle testing (unit, integration, system, and QA).

Other duties as assigned.

MINIMUM:

Deep understanding of corporate bank loans.

Experience working with various structures of bank debt including CLOs, Interval funds, ABLs, Private debt.

Deep understanding of full trade cycle including settlements, closings, loan administration, loan agency.

Demonstrates strong client relationship management skills.

Demonstrates ability to provide positive client experience through a variety of methods including associate engagement, technology, workflows, and processing.

Demonstrates ability to manage multiple projects and timelines.

Demonstrates exceptional written and verbal communication skills with attention to detail.

Demonstrates strong operational knowledge of Corporate Trust processes and procedures.

PREFERRED:

Advanced MS Excel.

Fundamental understanding of credit products and markets.

Strong data reconciliation skills.

MINIMUM:

Bachelor's degree with finance focus (business admin, finance) or equivalent work experience.

6+ years of experience in the broadly syndicated and/or private credit loan market, or relevant experience.

PREFERRED:

Certified Corporate Trust Specialist (CCTS) or Corporate Trust Master Certification (CTMC).

Work Environment:
Typical Office environment.

Supervision/Management:
No direct management accountabilities.

US Employees in California, Washington DC, New Jersey, and New York: $69,920 - $109,460.

US Employees in Colorado, Connecticut, Delaware, Illinois, Massachusetts, Maryland, Minnesota, Pennsylvania, Rhode Island, Texas, Washington, and Wisconsin: $63,830 - $100,210.

US Employees in all other states not listed above: $57,760 - $90,960.

The posted compensation range on this listing represents UMB’s good faith and reasonable estimate based on its budget and what it expects to be the starting pay for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. Please see the description of benefits included with this job posting for additional information.

UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts;…