Manager of the TCW, MetWest, and TCW Alternative Fund Families

Bank Loan Specialist

  • Competitive
  • Los Angeles, CA, États-Unis
  • CDI, Plein-temps
  • TCW
  • 19 nov. 17

The Bank Loan Specialist is responsible for handling servicing of bank loans. This position will work closely with the Bank Loan Supervisor and will liaise with other key groups within the firm, including the Trade Room, Settlements, Risk Management, and Portfolio Reconciliation

Responsibilities:

  • Monitor bank loan notices and payment reports; validate position and payment calculations, update system schedules, instruct banks/custodians, and resolve payment exceptions; handle complex transactions involving PIK and revolvers.
  • Calculate complicated cash flows, payments, and fees (e.g. skim interest, line of credit fees, unused fees, incremental interest, etc.)
  • Prepare administrative details and provide to the agents at the time of funding.
  • Provide instruction (including key terms) to the custodian for new deals and assignments.
  • Manage closing document process on Markit ClearPar for syndicated loans.
  • Reconcile positions and accruals with the custodian for each month end period. Work with the custodian to correct their interest calculations or make updates to the register as needed.
  • Perform follow-up to confirm timely receipt and distribution of derivative payments at the custodian banks; handle claims for delinquent payments.
  • Understand and support the counterparty relationships and custodian segregation effectively.
  • Interacts with the custodian, administrative agent, and investment team on trades, payments, and other issues.
  • Cultivate positive relationships with custodian and administrative agent contacts and work proactively to correct data inaccuracies with the custodian.
  • Internally communicate with other members of the Reconciliation, Settlements, & Bank Loan Support groups to ensure that trades and cash flows are being accurately recorded in the proprietary portfolio management system.
  • Support projects and research for senior managers, partners and portfolio managers.
  • Special projects and research for systems enhancements.
  • Respond to complex ad-hoc research requests.

Minimum Qualifications:

  • Bachelor’s Degree in Finance, Mathematics, Economics or similar field.
  • At least 1 year experience with fixed income investments, including derivatives or bank loans, preferably at a “buy side” company.
  • Excellent organizational skills.
  • Strong attention to detail, extreme accuracy with numerical calculations.
  • Strong verbal and written communication and interpersonal skills required.
  • Ability to work with minimal supervision; ability to multi-task; team player.
     

Desired Qualifications:

  • Knowledge of Bloomberg Loan/SERV, or WSO a plus

About TCW

TCW was named Best Places to Work by Pension & Investments for the third year in a row.

TCW is a leading global asset management firm with more than four decades of investment experience and a broad range of products across fixed income, equities, emerging markets and alternative investments. Through the MetWest and TCW Fund Families, TCW manages one of the largest mutual fund complexes in the U.S. TCW’s clients include many of the world’s largest corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals. As of June 30, 2017, TCW had total assets under management of $196.9 billion. TCW is headquartered in
Los Angeles, and has offices in New York, Boston, Chicago, London, Hong Kong, and Tokyo.

TCW is an Equal Opportunity Employer. Please visit www.tcw.com for more information.