Vice President of Collateral Administration - Octagon Credit Investors : Job Details

Octagon Credit Investors, LLC is a 30-year-old, $33 billion below-investment grade corporate credit investment adviser focused on leveraged loan, high yield bond and structured credit (CLO debt and equity) investments. Through fundamental credit analysis and active portfolio management, Octagon's investment team identifies attractive relative value opportunities across below-investment grade asset classes, sectors, and issuers. Octagon's investment philosophy and methodology encourage and rely upon dynamic internal communication to manage portfolio risk. Over its history, the firm has applied a disciplined, repeatable, and scalable approach in its effort to generate attractive risk-adjusted returns for its investors.

Octagon is majority-owned by Conning, a leading global investment management firm with a long history of serving the insurance industry. Octagon's investment expertise is complemented by Conning's deep understanding of insurers' portfolio requirements and constraints. Octagon and Conning are part of the Generali Investments platform, an ecosystem of asset management firms operating in more than 20 countries, offering distinctive strategies and expert insights to help investors achieve long-term performance. Generali Investments is the asset management arm of the Generali Group, one of the world's largest insurance and asset management groups.

Octagon believes that providing a challenging and rewarding career, combined with a supportive work environment, incents employees to remain at the firm. Significant employee ownership and low employee turnover also underscore our culture of partnership, teamwork, and dedication to preserving investor capital across all our funds/accounts under management. We also embrace the principles of diversity, equity, and inclusion; our employees can bring the best version of themselves to work every day. We thrive in an environment where everyone's voice is heard, every idea counts, and the differences of our employees are valued.

Position Summary:

The Vice President is responsible for supporting the Collateral Administration team and Octagon's growing investment platforms with all aspects of operations, reporting, and monitoring. We are looking for a professional with 8+ years of experience working as an operational credit administrator at an investment adviser, trustee, or related professional services firm.

The Vice President will work independently, and in conjunction, with members of the Collateral Administration team and report to the Managing Director of Collateral Administration while taking on an integral role in helping to manage and contribute to Octagon's success and the team's success.

Essential Duties and Responsibilities:

• Execute trade documents for distressed loan settlements. Liaise with internal and/or external contacts as needed to ensure proper completion and execution of restructuring distressed/stressed documentation while keeping all relevant parties aware of the transaction.
• Assist with management and oversight of an outsourcing provider on life cycle of loan settlement.
• Review and authorize cash movements related to subscriptions and redemptions
• Provide training and support to junior team members in all aspects of settlements for all asset classes.
• Assist with new account opening process by leading all required meetings with internal and external stakeholders and providing all necessary documentation to facilitate account set up with administrators.
• Ensure new accounts are updated and opened timely in internal systems.
• Execute warehouse borrowing requests, CLO subscription documents, and other relevant documents
• Manage cash forecasting and daily settle date cash balance for trade settlements.
• Oversee the preparation of all necessary KYC documentation and tax forms distributed to external parties. Assist with coordinating with agents to request refunds for tax withholdings.
• Assist the Managing Director in building the private credit settlement processes and procedures.
• Support the development of technology-based solutions designed to improve internal recordkeeping, monitoring, and reporting capabilities
• Participate in thought leadership initiatives and identify and manage projects to increase efficiency for internal processes.
• Help answer questions pertaining to daily trade activity and apply judgment in response to day-to-day questions, and follow up with solutions/process improvement
• Proactively take on ad hoc projects and provide support for new business initiatives, as needed

Areas of Knowledge, Skills, and Abilities/Qualifications:

• Bachelor's degree with 8+ years of relevant experience in CLOs, syndicated loans or loan products working as an operational credit administrator at an investment adviser, administrator, or related professional services firm
• Strong knowledge of the Primary and Secondary CLO and/or par and distressed loan trading market
• Strong understanding of LSTA standard terms and conditions and loan market principles
• Strong understanding of LMA standard terms and conditions and loan market principles a plus
• Solid ability to interpret credit agreements, amendments, and related documentation
• Working knowledge of ClearPar, WSO Administrator, Allvue Systems (Everest), FinDox, LendAmend, and/or DTCC (ALERT and CTM) platforms a plus
• Knowledge of private credit is preferred but not mandatory
• Excellent organizational skills
• Excellent written and oral communication skills, strong analytical skills, and exemplary attention to detail
• Ability to multi‐task, be proactive, work independently, and work effectively under pressure (often under deadlines and changing priorities)
• Comfortable interacting and building relationships with all teams (including senior management) across the firm and affiliated organizations
• Highly motivated, proactive team player with a positive attitude
• Mentor and train junior staff by helping develop their technical skills and grow in their careers
• Outstanding reputation of professional integrity and maturity
• Ability to clearly articulate views and supporting data
• Have the flexibility and ability to work with a variety of personalities and levels of experience
• Working hours may vary depending upon client needs and/or trading volumes, including evenings and/or weekends

Compensation and Benefits:

• Competitive salary and eligibility for year-end performance-based bonus
• Medical, dental, vision, life, and disability insurance
• Commuter benefits
• 401(k) matching program
• Employee Assistance Program (“EAP”)
• Professional designation and licensure assistance
• Family support and leaves of absence

Contact:

Contact: [email protected]

Attention: Howard Barkin, Recruitment Manager

Octagon Credit Investors is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including gender, gender identity, sexual orientation, or pregnancy), marital status, national origin, disability, age, or veteran status.

Please note that Octagon does not sponsor work visas or immigration-related employment benefits. We encourage all individual applications; please, no recruiters or agencies.