Associate, Investments – ABS Operations Specialist

🕒 April 10

🏢🏡 New York City – Hybrid

⏰ Full Time

🟢 Junior

🟡 Mid-level

💸 Financial Planning and Analysis (FP&A)

🦅 H1B Visa Sponsor

This company has sponsored H1B visas in the past.

Apply Now

Find Similar Remote Jobs

Receive Emails For Remote Jobs

📊 Check your resume score for this job

Improve your chances of getting an interview by checking your resume score before you apply.

Upload Resume

Group 1001

WebsiteLinkedInAll Job Openings

501 - 1000 employees

💸 Finance

📚 Education

Finance • Insurance • Education

Group 1001 is a collective focused on empowering companies and communities through innovative financial solutions and strategic partnerships. The company provides simple and accessible insurance and annuity products designed to help individuals manage and grow their savings. Their online investing platform offers users a digital means to control their financial futures. Group 1001 also invests in partnerships that enhance community development through education and sports. With a tech-driven culture, they are transforming the insurance industry and helping communities thrive.

📋 Description

• Facilitate the seamless settlement of private ABS funding process. • Manage the setup of new securities, ensuring all static data and structural nuances – including tranches, waterfalls, and credit enhancements – are captured accurately. • Coordinate all cash movements related to funding requests, warehouse borrowing, and expense payments. • Oversee the production of required ABS reporting and manage cash/portfolio reconciliations. • Monitor ongoing transaction compliance requirements, including eligibility criteria and portfolio concentration limits as well as related warehouse financing covenants. • Optimize and streamline collateral performance monitoring and surveillance processes. • Review legal documentation to ensure the reporting accuracy of compliance tests, deal triggers, and covenants. • Calculate waterfall distributions and review/approve trustee-provided waterfalls. • Work directly with counterparties to resolve funding and payment issues. • Ensure strict adherence to all internal investment guidelines and external regulatory requirements.

🎯 Requirements

• Minimum of a Bachelor’s degree in Finance, Accounting, Economics, or a related quantitative field. • 3–8 years of experience in investment operations with a specific focus on structured products (private asset backed securities, forward flows, or warehouse lending). • Strong understanding of fixed income securities. • Deep operational knowledge of private asset backed securities, leverage facilities, and warehouses. • Demonstrated ability to navigate complex ABS legal documentation, including indentures, credit agreements, servicing agreements, etc. • Advanced Excel skills, VBA, SQL, and a firm grasp of payment mechanics are required. • Other programming languages are a plus. • Experience with Aladdin, Intex, DV01, or Wall Street Office (WSO) are preferred. • Exceptional attention to detail, particularly regarding structural nuances and data integrity. • Ability to independently engage counterparties to resolve complex settlement breaks and reconciliation issues. • Strong analytical and problem-solving skills with the ability to provide clear, data-driven recommendations on portfolio compliance and reporting. • Self-motivated with the ability to work independently and prioritize effectively.

🏖️ Benefits

• Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options. • Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability. • All employees (regardless of hours worked) have immediate access to the Company’s Employee Assistance Program and wellness programs—no enrollment is required. • Employees may also participate in the Company’s 401K plan, with matching contributions by the Company.