This position will be responsible for processing and monitoring the timely reconciliation of TCW/MetWest CDOs and CLOs, and working with the trustees to ensure accurate and timely reporting. The reconciliation will involve compliance testing, hypothetical analysis, cash flow projection, timely and accurate cash and holdings transaction comparisons, and the resolution of exceptions with the trustees.
Responsible for the calculation of Internal Waterfall, review and approval of Trustee Waterfalls. Responsible for Calculation of coverage and collateral quality tests, portfolio concentration limitations and other tests as specified by the indentures. Ensure timely and accurate responses to requests from Portfolio Managers for hypothetical analysis, various projects and cash flow projection. Monitor security specific transactions and measures the impact to the CDOs and CLOs. Interact with the trustee, and swap counterparties on trades, payments, and other issues. Ensure principal and interest received from portfolio assets are properly accounted for and accurate for monthly reports and waterfall distribution. Support the WSO/Markit relationship for CLO servicing (including Compliance, Settlements, Reconciliation and Reporting). Monitor the reconciliation of cash flows and positions on a daily basis, as required, for each specific CDO/CLO managed by TCW/MetWest. Track and reconcile coupon payments for portfolio collateral and waterfall payments for the CDOs and CLOs. Interface with CDO/CLO trustees to ensure accurate and timely reconciliation, and data downloads of positions within the CDOs and CLOs. Support warehouse servicing for new CLOs. Cultivate positive relationships with trustee contacts and work proactively to correct data inaccuracies with the trustee. Interact with rating agencies on questions or rating actions relating to CDO liabilities. Internally communicate with other members of the Reconciliation, Settlements, & Derivative Operations groups to ensure that trades and cash flows are being accurately recorded in the SMS portfolio management system. Produce consolidated reports required by the portfolio managers, trustees, and underwriter. Update manager on the current reconciliation status, and provide updates on the resolution of open exceptions. Support projects and research for senior managers, partners and portfolio managers.
Bachelor's degree in Finance, Economics, or a similar field 2-4 years of investment industry experience in a related role, including CDOs and CLOs Strong understanding of fixed income securities and bank debt Knowledge of CDO/CLO documentation (including indentures and swaps) is required Strong analytical and computer skills with a demonstrated proficiency in Microsoft Excel Excellent research skills
Professional Skills Qualifications
Rigorous attention to detail; excellent time management and organizational skills Strong analytical and problem solving capabilities Self-motivated, responsive, and ability to work independently A team player with strong interpersonal skills Excellent written and verbal communication skills and comfortable presenting information to internal and external clients
Familiarity with Bloomberg, Cognos or other Business Intelligence software (Hyperion, Brio, Business Objects) a plus
Internal Number: 6459876
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