CLO & Private Credit Services – Account Administrator
Deutsche Bank is a leading global investment bank providing financial services to its clients. The Account Administrator will manage cash operations, mutual fund investments, and ensure the smooth functioning of CLO products by handling trade settlements and reconciliations.
Responsibilities
- Responsible for daily cash management and mutual fund investment for CLOs and other structured products
- Initiate and arrange for the release of wires for daily trade settlements
- Set up FX trades and non-USD wires; reconcile daily cash receipts
- Research and identify any missing or uninvested cash for your portfolios
- Oversight of day-to-day operational/client service activities while monitoring controls such as review and reconciliation of overdrawn accounts or breaks reports
- Closely work with account managers to ensure all the client / bondholder queries and escalations are being handled in a timely and accurate manner
- Communicate with collateral managers, accountants and bondholders; close interaction with DB Operations and Account Administrators
Skills
- BA/BS, preferably in Accounting, Finance, Business or Economics
- Proven prior experience with CLOs
- Understanding of bank loans - BSL, middle market and private credit loans
- Understanding of general accounting and financial reporting principles
- Competent in all MS Office products; Advanced MS Excel abilities, familiarity with complex formulas and modelling techniques, a plus
- Familiarity with wiring instructions, SWIFT payments a plus
- Experience reviewing credit agreements a plus
- Strong written/verbal communication skills
- Strong organizational skills
- Fluent in English
- Experience with Solvas-CDOSuite, a plus
Benefits
- Health and wellbeing benefits
- Retirement savings plans
- Parental leave
- Family building benefits
- Educational resources
- Matching gift
- Volunteer programs
Company Overview