Credit Services & Cash Management, Associate II

ABOUT US 

We are Alter Domus. Meaning “The Other House” in Latin, Alter Domus is proud to be home to 85% of the top 30 asset managers in the alternatives industry, and more than 5,000 professionals across 23 countries. 

With a deep understanding of what it takes to succeed in alternatives, we believe in being different. Invest yourself in the alternative, and join an organization where you progress on merit, where you can speak openly with whoever you are speaking to, and where you will be supported along whichever path you choose to take. 

Find out more about life at Alter Domus at careers.alterdomus.com  

POSITION OVERVIEW:

The Credit Services and Cash Management team work closely with banks, credit unions, non-traditional commercial lenders, and private equity funds. Services include commercial loan underwriting, annual credit reviews, financial analysis, statement spreading, ratio & trend analysis, covenant & other loan metric monitoring, special asset management, commercial construction draw management, cash management, and document custody services.

JOB DESCRIPTION:

• Review and process distributions via wire, ACH, or check.

• Daily, weekly, and monthly reconciliation of accounts with bank records.

• Document custodial services for commercial, residential, or other loan facilities. Inventory and certify loan files, reporting exceptions. Processing of full or partial release requests.

• Analyze and process client construction or capex draw requests on an as needed basis.

• Monitor and communicate results for defined covenants and other financial metrics as requested by the client generally for positions held in syndicated or other structured loans.

• Spread and analyze borrower and guarantor financial statements and commercial property level operating statements.

• Assist with preparing written credit reviews and credit due diligence packages on behalf of our clients on commercial credits including C&I, commercial real estate, and government guaranteed loans (SBA 7(a), SBA 504, & USDA).

• Assist with management of special assets, including coordinating with the lender, borrower, legal counsel, and other professionals deemed necessary to manage the process of asset resolution. 

• Assist on onboarding of new clients, including collection of KYC documentation and account opening.

• Use effective listening and communication skills to liaise with clients, internal Alter Domus teams and external parties regarding the timeliness and accuracy of loan activity information.

Client Service and Communication Skills:

• Responsive, friendly and proactive personality 

• Demonstrable ability to learn new concepts quickly and independently while maintaining effective communication with team members 

• Multi-task and maintain a high level of organization to meet daily and monthly deadlines. 

• Work in a dynamic team environment and participate in strategic initiatives.  

• Use judgment, problem-solving, and flexibility to achieve goals and meet deadlines. 

• Deadline-driven and highly organized with exceptional attention to detail 

QUALIFICATIONS:

• Bachelor’s degree in finance, accounting, or economics.

• At least 2 years of relevant work experience as a commercial credit analyst or underwriter at a bank or other commercial lending institution.

• Highly proficient in Microsoft Excel and word.

• Completion of a formal credit training program is a plus.

• Background in SBA/USDA lending programs is a plus.

• Experience in special asset management is a plus.

• Ability to independently research and resolve complex problems.

• Ability to multi-task and balance evolving priorities.

• Must be a team player with the ability to collaboratively work with internal teams and external clients.

• Strong communication skills with both internal teams and external parties. 

• Demonstrated ability to prioritize, complete, multi-task, while providing high attention to detail and excellent client service.

Salary range depending on experience: $42,500-75,000+

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WHAT WE OFFER:

We are committed to supporting your development, advancing your career, and providing benefits that matter to you. 

Our industry-leading Alter Domus Academy offers six learning zones for every stage of your career, with resources tailored to your ambitions and resources from LinkedIn Learning. 

Our global benefits also include: 

• Support for professional accreditations such as ACCA and study leave 
• Flexible arrangements, generous holidays, birthday leave
• Continuous mentoring along your career progression 
• Active sports, events and social committees across our offices 
• Support with mental, physical, emotional and financial support 24/7 from our Employee Assistance Program 
• The opportunity to invest in our growth and success through our Employee Share Plan 
• Plus additional local benefits depending on your location 

Equity in every sense of the word 

We are in the business of equity, in every sense of the word. For us, this means taking action to ensure every colleague has equal opportunity, valuing every voice and experience across our organisation, maintaining an inclusive culture where you can bring your whole self to work, and making Alter Domus a workplace where everyone feels they belong. 

We celebrate our differences, and understand that our success relies on diverse perspectives and experiences, working towards shared goals and a common purpose. Thanks to the work of our Group DE&I Committee and network of DE&I Champions, we empower all of our people to be truly invested in the alternative.  

We are committed to ensuring an inclusive recruiting and onboarding process. Please contact our hiring team if you require any accommodations to make our recruitment process more accessible for you. 

(Alter Domus Privacy notice can be reviewed via Alter Domus webpage: https://alterdomus.com/privacy-notice/)

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