Job Information
Wellington Senior Analyst, Private Credit Operations in Boston, Massachusetts
About Us
Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
About the Role
THE COMPANY
Tracing our roots to 1928, Wellington Management Company, LLP is one of the world’s largest independent investment management firms. With over US$1 trillion in assets under management as of 30 June 2024, we serve as a trusted adviser to institutional clients and mutual fund sponsors in over 60 countries. Our innovative investment solutions are built on the strength of proprietary, independent research and span the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative, and inclusive culture because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise.
OVERVIEW
The Senior Analyst, Private Credit Operations will be responsible for executing and supporting all operational activities within the private credit and real estate deal execution/settlement process, and lifecycle management (coupon/principal/fee payments), along with other corporate actions. This role will present the opportunity to work with multiple teams across the firm, including private investment valuation and operations, investment product and fund services, legal & compliance, tax, and information technology to develop and integrate private credit and real estate data & workflows into the newly designed private credit operating model. Additionally, the Senior Analyst will assist in the development and enhancement of core operational processes and controls. We are looking for someone with experience supporting private credit and real estate strategies across a broad range of operational functions who is also inquisitive, eager, and motivated to learn about new strategies emerging within the private credit and real estate industry.
RESPONSIBILITIES
Support all aspects of loan administration as a member of a dedicated operations team supporting several private credit and real estate strategies, including investment grade private placements, growth lending, commercial real estate debt, and specialty finance
Assist portfolio management and legal teams with deal closing activities and the coordination of transaction activity across portfolio management, fund administrators, agents, and loan administration service providers
Oversight of daily operations activities at external service providers to ensure timely and accurate asset servicing on internal and third-party platforms. This will include the setup of new issuer/deal records, credit facilities/securities, new trade/issuance booking, guideline monitoring, lifecycle activity, corporate actions, collateral & covenant monitoring, periodic reconciliations, and final disposition of all portfolio holdings
Analyze complex credit/note purchase agreements and identify critical attributes necessary to operationalize each deal we invest in
Understand investment guidelines across multiple client relationships and act as first line of defense for pre- and post-trade compliance monitoring
Review and resolve discrepancies on reconciliation reports - cash/position/security master – to ensure the investment book of record is in good order daily
Work with the investment team to update periodic security ratings, and track and upload financial statements into the vendor system
Participate in developing, refining, and documenting processes, procedures, guidelines, and controls that will govern all portfolio activity across private credit and real estate strategies
Assist with maintenance of data oversight of internal and external asset record keeping. Support the provision of ad-hoc and standard reports by slicing data and presenting several outcomes for internal stakeholders and clients
Participate in cross-functional projects including third-party service provider and technology vendor evaluation, technology implementation
Stay abreast of regulatory requirements and industry best practices (LSTA) for loan, credit, and debt securities
QUALIFICATIONS
4-7 years supporting the end-to-end lifecycle of private credit and real estate investments, including experience reviewing private loan documents (credit agreements, amendments, etc.) for key terms, data points and operational nuances; settlements for private investments--including US and international money movement and physical certificate registration
A good understanding of private credit and real estate fund concepts across a range of strategies, including investment grade private placements, direct & venture lending, commercial real estate lending, and specialty lending
Experience with industry technology used in supporting private credit and real estate strategies (IVP [Indus Valley Partners]), Sentry-PM, Allvue, IHS Markit-WSO/ClearPar, CBRE, Citus, Midland, Keybanc for Real Estate), Geneva
Strong technical skills such as SQL, PowerBI, Tableau, Excel macros
Intellectual curiosity with strong analytical and problem-solving skills
Excellent organization, attention to detail and time management skills with ability to prioritize work and function with minimal guidance
Ability to think critically to challenge the norm and propose new ideas and solutions
Effective articulation with written and oral communication skills, including the ability to create compelling presentations using MS PowerPoint
Not sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.
As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to r ace, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMWTalentOperations@wellington.com .
At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry. We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:
USD 80,000 - 180,000
This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.
Base salary is only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)
Tracing our history to 1928, Wellington Management is one of the world’s largest independent investment management firms. We serve as a trusted adviser to clients in over 60 countries, visit our website to see our assets under management. Our innovative investment solutions are built on the strength of proprietary, independent research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative culture of inclusivity because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise.
For more information, please visit https://www.wellington.com/en/ (https://www.wellington.com/en/about-us)