Company Information
Waterfall Asset Management, LLC is an SEC-registered alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans, real assets, and private equity. Founded in 2005 by industry veterans Tom Capasse and Jack Ross, Waterfall has over 60 years of combined experience in ABS/Loan credit analysis, trading, banking, and servicing. Headquartered in New York with offices in London and Dublin, as of December 1, 2024, Waterfall manages approximately $13.1 billion in assets.
Job Description
Waterfall is seeking an Associate for its Operations team, led by the COO. The team manages treasury & banking, reconciliation, trade settlement, and trading line management, with this role focusing primarily on treasury & banking and trading line management.
Key Responsibilities:
1. Become an SME for the new Treasury platform, mastering its functionality, troubleshooting, managing vendor relationships, and proposing workflow automations.
2. Understand beneficial ownership within deal structures and strategies to determine account needs across markets.
3. Oversee creation and dissolution of external bank and custody accounts.
4. Manage the Waterfall New Entity process in collaboration with Middle Office, Tax, and Legal teams.
5. Monitor bank interest rates, validate interest calculations, and prepare monthly assessments including yields and service charges.
6. Optimize cash balances through daily yield analysis, sweeps, and overdraft funding.
7. Maintain static data for Waterfall accounts within the Treasury ecosystem.
8. Authenticate and set up Waterfall business vendors and manage third-party outsourcing firms.
9. Monitor fund liquidity levels to ensure compliance with covenants.
10. Set up and manage internal derivative, repo, and FX forward trading lines.
11. Coordinate with Compliance to maintain regulatory information on Counterparty Manager.
12. Handle daily margin calls and investigate discrepancies.
13. Create and link margin agreements within TriOptima.
14. Ensure accuracy of fund administrator cash balances impacting NAVs.
15. Assist with CLO Repos and ABS transfer certificates to ensure fund eligibility.
Qualifications and Education:
* Degree in Business, Accounting, or related field.
* Experience in treasury at a buy-side institution.
Preferred Skills:
* Highly organized with strong attention to detail.
* Proficiency in Microsoft Excel.
* Experience with treasury platforms and SWIFT preferred.
* Knowledge of fixed income products is advantageous.
* Process improvement mindset and ability to collaborate with IT.
* Excellent communication and teamwork skills.
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