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Loan Closer, Credit Investment Operations

Canada Pension Plan Investment Board

This is a Contract position in Toronto, ON posted March 26, 2021.

Company Description

Make an impact at a global and dynamic investment organization

When you invest your career in CPP Investments, you join one of the most respected and fastest growing institutional investors in the world. With current assets under management valued in excess of $450 billion, CPP Investments is a professional investment management organization that globally invests the funds of the Canada Pension Plan (CPP) to help ensure long-term sustainability. The CPP Fund is projected to exceed $1.5 trillion in the next two decades. CPP Investments invests in all major asset classes, including public equity, private equity, real estate, infrastructure and fixed-income instruments, and is headquartered in Toronto with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney.

CPP Investments attracts and selects high-calibre individuals from top-tier institutions around the globe.  Join our team and look forward to:

  • Diverse and inspiring colleagues and approachable leaders
  • Stimulating work in a fast-paced, intellectually challenging environment
  • Accelerated exposure and responsibility
  • Global career development opportunities
  • Being motivated every day by CPP Investments’ important social purpose and unshakable principles
  • A deeply rooted culture of Integrity, Partnership and High Performance

If you share a passion for performance, value a collegial and collaborative culture, and approach everything with the highest integrity, here’s an opportunity for you to invest your career at CPP Investments.

Job Description

Credit Investment Operations performs functions that are integral to the end to end transaction life cycle processes that support CPP Investments’ activities in both private public credit markets.  Credit Investment Operations also executes independent controls to meet our organization’s good governance practices. Manager/Senior Manager Loan Closer as part of Investment Operation – Credit Investment is responsible for overseeing settlement related functionality, productivity, efficiency and quality while ensuring standard policies and governance rules under CPP Investments are in compliant.

The successful candidate will be responsible for:

  • Leading a team that specializes in all aspects of private credit investment onboarding/closing process
  • Review applicable loan documents, such as credit agreement, Loan Purchase Agreement, Participation Agreement etc. to ensure that it accurately describe loan/structured products and remain in compliance with the company policy and procedures.  
  • Review and approve Trade Confirm, Assignment Agreement, Funding Memo on Markit settlement platform (ClearPar).
  • Coordinate trade settlement process with internal legal, tax and front office to complete KYC requirements and other ad hoc support.
  • Liaise with IHS Markit and Agent banks to facilitate loan closing in a timely manner and manage high volume and high dollar value exposure.
  • Manage cash flow projections and determine cash needs regarding closed loans, pipelines, capital calls and distributions.
  • Participate deal onboarding processes for complicated structed deals, levered portfolios and non-performing loan portfolios and provide recommendations as to settlement processes and legal languages.
  • Provides oversight on budgeting and costs associated with loan closing.
  • Maintain metrics on Trade Closings and monitor key performance indicators on the closing process for senior management and serve as an escalation contact for issues that may arise.
  • Create, enhance and maintain key settlement procedures for the team.
  • Build strong relationships with credit investment departments to support investment strategies while ensuring the overall investment operations to maintain integrity and controls

Qualifications

  • 10+ years of experience supporting global asset manager across a broad spectrum of private credit asset classes
  • Acute sense of priority/urgency to vendors, agent banks and deal team’s requirements
  • Ability to adapt to market changes and conditions
  • Experience developing and supporting globally dispersed credit portfolio managers through the full asset onboarding and closing process
  • A track record of effectively partnering with the Investment Departments and Finance teams on fund development and deal closings
  • Deep subject matter expertise with complex loan amendments and restructurings and supporting all aspects of new and complex investment activities (structured credit and loan financing)
  • Thorough understanding of the issues relevant to a multi-asset class portfolio management business, such as the use of derivatives, trade settlement, securities lending, implementation of new products and strategies
  • Proven interpersonal skills; strong communication skills (oral and written)
  • Possess a strong client service orientation and strong relationship skills.
  • Superior and demonstrated analytical skills and the ability to think through problems and recommend solutions.
  • Experience with Markit/ClearPar, Wall Street Office, SimCorp Dimension, or other trade capture & settlement system is an asset.
  • An undergraduate/advanced degree in business or economics is expected. A professional designation such as CFA/A CA/CMA/CPA is an asset, but not required.
  • Exemplifies our Guiding Principles of integrity, partnership and high performance.

Additional Information

Visit our Linkedin Career Page or Follow us on Linkedin. #LI-POST

At CPP Investments, we are committed to diversity and equitable access to employment opportunities based on ability.

We thank all applicants for their interest but will only contact candidates selected to advance in the hiring process.

Our Commitment to Inclusion and Diversity:

In addition to being dedicated to building a workforce that reflects diverse talent, we are committed to fostering an inclusive and accessible experience. If you require an accommodation for any part of the recruitment process (including alternate formats of materials, accessible meeting rooms, etc.), please let us know and we will work with you to meet your needs.

Disclaimer:

CPP Investments does not accept resumes from employment placement agencies, head-hunters or recruitment suppliers that are not in a formal contractual arrangement with us. Our recruitment supplier arrangements are restricted to specific hiring needs and do not include this or other web-site job postings. Any resume or other information received from a supplier not approved by CPP Investments to provide resumes to this posting or web-site will be considered unsolicited and will not be considered.  CPP Investments will not pay any referral, placement or other fee for the supply of such unsolicited resumes or information.