Loan Operations and Treasury – Finance Associate

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🔥 0 minutes ago

🗽 New York – Remote

🗽 New York – Remote

💵 $75k - $95k / year

⏰ Full Time

🟢 Junior

🟡 Mid-level

💸 Financial Planning and Analysis (FP&A)

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Lafayette Square

WebsiteLinkedInAll Job Openings

51 - 200 employees

💸 Finance

🌍 Social Impact

Finance • Investment • Social Impact

Lafayette Square is a direct lending platform focused on investing in middle market businesses across various industries and communities. The company is committed to serving working-class people by deploying capital and services to stimulate economic growth and create long-term value. Lafayette Square integrates localized data analytics into its investment decisions to target overlooked places and provide managerial assistance to improve employee well-being and productivity. The company's ambitious 2030 goals include supporting 100,000 working-class jobs and allocating significant capital in support of working-class communities. Through its financial expertise and comprehensive resources, Lafayette Square aims to drive positive outcomes for its portfolio companies and investors.

📋 Description

• Day to day loan accounting, including time-sensitive new loan fundings, loan re-pricings, payment processing and all other loan activities in accordance with loan and security agreements • Daily cash reconciliations and cash liaison within the construct of an external custodian and fund administrator environment • Work closely with capital markets and liabilities teams on proper deal structuring • Assist in the development of term sheets and negotiation of leverage facilities • Work within the teams of Ops, Liabilities, Accounting, Treasury and Portfolio Management to ensure accuracy of cash reporting and loan accounting for our borrowers and investors • Preparation of monthly invoices to borrowers and lenders and insuring prompt receipt and disbursement of cash from multiple cash accounts • Calculation and tracking of complex interest and fee accruals at various rate levels across changing lender distributions for both assets and liabilities across multiple funds and leverage facilities • Perform book, bill and collect or pay functions using Wall Street Office (S&P Global) investment accounting software to ensure we receive payments in accordance with legal documentation and pay liabilities from appropriate business entities • Maintain and provide accurate data and report to multiple departments internally and externally as it relates to loan and cash accounting • Work closely with internal and external fund accountants to ensure assets, liabilities and cash accounting are reported timely to ensure smooth monthly & quarterly closes • Monitor and report on cash flow forecasting for both assets and liabilities • Perform scenario and risk analysis across exposures • Accounts payable duties for credit Platform including working closely with Finance team to ensure timely payment of expenses and reconcile those expenses between reimbursable by Borrower and expenses allocated to specific funds • Fulfilling requests of external auditors and providing accurate information for external reporting purposes

🎯 Requirements

• Experience: 2 to 4 years in loan operations in financial services or banking industry. Ability to wear multiple hats as is expected in a rapidly growing firm • Self-motivated and willing to work across business units • Excellent credit risk and risk assessment skills • Knowledge of fund accounting and cash management • Being a Team Player with a positive attitude • Excellent communication and interpersonal skills • Strong attention to detail • Proficiency with Excel, PowerPoint and Microsoft Word, Wall Street Office