Trading Assistant

Role Overview

Our client, a leading credit fund, seeks a Trading Assistant to join their investment team. This pivotal role involves detailed documentation and coordination within the credit investment process, supporting portfolio management and credit workflow activities.

Key Responsibilities

• Attend Investment Committee meetings, quarterly deal reviews, and credit workflow sessions to accurately capture discussion highlights, credit decisions, and follow-up actions with discretion.
• Maintain comprehensive and up-to-date records regarding borrowers, issuers, and portfolio developments to ensure easy and organized access for stakeholders.
• Administer Investment Committee ledgers by updating and managing investment targets, position changes, and credit investment details for new and ongoing holdings.
• Develop, update, and refine cash flow projection models across credit facilities; create portfolio-level reports that assist portfolio managers in return sensitivity analysis and stress testing various portfolio positions.
• Monitor current and forecasted exposures for all overflow funds, supporting activities such as capital calls, distributions, and managing liquidity effectively.
• Collaborate with investment teams, treasury, middle office, accounting, and compliance departments to guarantee the precise and swift exchange of credit portfolio information organization-wide.
• Provide timely ad hoc support to various stakeholders as required.

Desired Qualifications and Skills

• Between 3 to 7 years of relevant experience within investment teams, middle office operations, or investment operations at asset management firms, banks, CLO management entities, or similar credit-oriented platforms.
• Open to candidates transitioning from investment operations or middle office with no direct trading experience, as well as trading desk professionals interested in focusing on portfolio support roles.
• Robust knowledge of credit fundamentals, including spread analysis, yield to maturity, original issue discount (OID), payment-in-kind (PIK) mechanisms, leverage, coverage ratios, and covenant frameworks.
• Strong understanding of a wide range of credit instruments such as bonds, term loans, revolving credit facilities, delayed draw loans, mezzanine debt, preferred equity, and structured credit products.
• Proficiency in developing and maintaining detailed cash flow models and projection tools using Excel, with capability to perform return sensitivity analyses based on key credit assumptions.
• Demonstrated ability to clearly synthesize and articulate portfolio-related information to diverse teams with varying technical backgrounds.
• Advanced Excel skills essential, including financial modeling, dynamic projections, pivot tables, and comprehensive portfolio reporting.
• Familiarity with Bloomberg terminal is preferred.
• Experience with business intelligence software such as Power BI or Tableau is advantageous.
• Competency in PowerPoint and Word to prepare Investment Committee materials, investment memoranda, and reports for stakeholders.