We are seeking a Bank Loan Settlements Manager to oversee critical operations supporting the Non-Investment Grade Credit Investment Team, which manages over $25 billion in assets focused on broadly syndicated bank loans. The role involves working with external service providers, managing daily trade routing, trade settlements, cash operations, complex bankruptcy restructurings, and account onboarding, while driving process improvements to enhance efficiency. This position offers the opportunity to play a pivotal role in ensuring operational excellence and collaborating with cross-functional teams.

Responsibilities:

• Manage daily settlements of trades with vendor while ensuring accurate posting of trades on internal systems

• Handle daily cash management for CLOs and hybrid accounts, including the transfer of funds to meet foreign currency requirements

• Manage complicated bankruptcy restructures and private debt settlements, ensuring smooth execution

• Perform end of day checks to ensure accuracy of daily work, reducing exceptions on next day reporting

• Assist Portfolio Management teams to address inquiries involving cash balances and trade settlement statuses

• Develop and implement controls and processes to reduce average settlement time of Primary loan trades

• Assist in new account set up, including KYC processs

Qualifications:

• Bachelor's Degree in Finance, Accounting or other business related field preferred

• 10 years of industry experience preferred

• At least 5 years of hands on experience with loan settlements required

• 2+ years of management experience is highly preferred

• In-depth knowledge of ClearPar, LSTA, and LMA documentation, with a proven ability to execute transactions accurately (required).

• Comprehensive understanding of distressed trade settlements and their complexities (required).

• Proficiency in MS Office applications, with advanced Excel skills to analyze and manage data effectively (strong plus).

• Familiarity with Wall Street Office, Aladdin, ClearPar, and Bloomberg, enhancing operational efficiency (preferred).

• Exceptional organizational skills with a sharp attention to detail, ensuring accuracy in all tasks.

• Strong communication skills to effectively collaborate across teams and with external service providers.

• Proven ability to manage tasks and projects independently in a dynamic, fast-paced environment.

• A results-driven mindset with a focus on process improvement and operational excellence.

About Neuberger Berman Group LLC:

Neuberger Berman is an independent, employee-owned, global asset management firm, serving the financial needs of institutional and individual investors worldwide. Our broad capabilities include traditional and alternative equity and fixed income strategies, private equity and commodities, in addition to portfolio advice and wealth planning services. We offer a broad platform to accommodate the evolving needs of our clients

#LI-DD2

#LI-Hybrid

Compensation Details

The salary range for this role is $115,000-$140,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in the job posting location. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, business sector, performance, shift, travel requirements, sales or revenue-based metrics, market benchmarking data, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus, which, along with base salary and retirement contributions, is part of our total comprehensive package. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), life insurance and other benefits to eligible employees.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

Neuberger Berman is an equal opportunity employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact onlineaccommodations@nb.com.

Learn about the Applicant Privacy Notice.