Crescent Capital Group is an alternative asset manager with approximately $50 billion of assets under management and approximately 225+ employees. We are headquartered in Los Angeles with offices in New York, Boston, Chicago, and London.
Crescent Capital Group is seeking an experienced candidate to join the Capital Markets group as an Associate for the CLO Management business. The candidate will join an established $6bn CLO platform with a collaborative team focused on growing the business.
Responsibilities:- Monthly / Quarterly Deal Reporting. Conduct review and reconciliation of monthly CLO Trustee reports and quarterly waterfalls
- Breaks Management. Assist trading desk to resolve position breaks with outsourced CLO administrator
- Trade Testing. Perform pro-forma hypothetical trade testing for CLOs, while proactively raising issues / possible test failures
- Effective Date & Closing Date Process. Manage effective date reporting and closing date tie-out process for new CLOs
- Maintenance of Portfolio Management Tool. Maintain proprietary excel-based portfolio management tool, including updating on a daily / weekly basis to account for new loan allocations, trading activity, rating/price movements, etc
- Internal Reporting. Update and maintain weekly / monthly / quarterly portfolio statistics and analytics that are provided to portfolio managers, CLO structuring professionals, and traders
- Ad-Hoc Investor Analysis. Provide periodic portfolio analytics to address investor questions and/or information requests
Qualifications & Skills:- 3-6 years of CLO operations experience, ideally from a collateral manager, auditor, trustee, or investment bank
- Strong CLO and bank loan product knowledge
- Ability to interpret governing documents for CLOs and Credit Facilities
- Experience with CLO compliance modules (Solvas/CDO Suite, Wall Street Office, etc.)
- Strong Microsoft Excel skills, including the ability to manipulate large datasets
- Solid verbal and written communication skills
- Team player who demonstrates maturity, integrity, and professionalism
- Intellectually curious, highly collaborative, and intrinsically self-motivated
Benefits:- The US base salary range for this full-time position is $135,000-$155,000
- Crescent's salary ranges are determined by role, duration of direct experience, and internal and external pay equity considerations
As an equal opportunity employer, Crescent Capital Group is fully focused on equality and committed to fostering a culture where individuals are respected and supported in a highly collaborative environment. Crescent recruits, employs, trains, compensates, and promotes regardless of race, religion, color, national origin, gender identity or expression, sexual orientation, disability status, age, veteran status, citizenship or immigration status, and other protected status as required by applicable local, state, and federal laws. We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws, including the City and County of Los Angeles' Fair Chance Ordinances. Crescent embraces each employee as a unique individual with different experiences, perspectives, and opinions that collectively contribute to the success of our firm.
Crescent offers a comprehensive benefits package to assist with our employees' needs and life choices, including maternity/parental leave, fertility benefits, and benefits coverage for domestic partners. Though Crescent consistently receives high marks on our engagement surveys, we continue to work to promote diversity, multiculturalism, and inclusion across our firm and the initiatives we support.