About the job
Join our dynamic Operations team at LuminArx! We are a rapidly growing Special Situations fund with over $2 billion in commitments and a commitment to innovation and excellence. As a new member of our team, you'll play a pivotal role in shaping our operational infrastructure and driving forward our mission.
At LuminArx, we pride ourselves on our cutting-edge and creative financial structures, which will offer you challenging and rewarding opportunities to advance your career.
This role provides a comprehensive view of our business, allowing you to collaborate with diverse teams across the organization, including Investment, Accounting, Business Development, Legal, and Compliance. You'll also work closely with our external service providers, gaining broad exposure and contributing to our firm's continued growth and success.
Responsibilities
· Work closely with the Investment and Accounting teams daily to ensure all trades and cash movements are booked accurately and timely into our systems.
· Monitor, track and maintain all investments (SRTs, asset back deals (i.e., consumer loans, aircrafts, etc.), loans, preferred equity, equities, derivatives, etc.) for interest payments, defaults, reorganizations, amendments, etc. and analyze the related performance.
· Engage directly with the Investment professionals to handle multifaceted inquiries.
· Understand different financing structures, including waterfall calculations, covenants, etc.
· Train and supervise a team of offshore personnel; Ensure offshore personnel are a successful extension of our team and are given opportunities to grow and expand their careers.
· Strong understanding of fund structures, entities, portfolios, assigned deals, FX, and accounts.
· Interpret and understand loan related documentation.
· Understand, research and explain the P&L aspects of investments.
· Liaise with Administrative Agents and trade counterparties in the industry.
· Review daily cash and position reconciliations to investigate and resolve breaks timely and accurately.
· Coordinate deal fundings with the Investment team.
· Assist with special projects and internal ad-hoc requests and undertake broader team and/or office initiatives.
Skills and Attributes
- Innovative Thinker: Possess a can-do attitude with a self-motivated drive, capable of thinking outside the box and proposing creative solutions.
- Team Player: Willingness to go the extra mile and contribute as part of a high-performing team.
- Effective Communicator: Maintain open communication at all times, ensuring clarity and transparency.
- Leadership Skills: Ability to manage people and processes, fostering a positive culture and work environment.
- Ownership: Take full responsibility for work products and processes, demonstrating accountability and initiative.
- Analytical Skills: Excellent analytical and problem-solving skills.
- Relationship Management: Skill in managing relationships and workflows with external partners, ensuring seamless collaboration.
- Detail-Oriented: Exhibit meticulous attention to detail and a commitment to producing high-quality work.
- Organizational Excellence: Demonstrate superior organizational skills, efficiently managing multiple tasks and priorities.
- Time Management: Ability to multitask and work effectively within tight timeframes.
- Clear Communicator: Communicate effectively, both verbally and in writing, presenting complex topics and concepts clearly and concisely.
- Technical Proficiency: Strong Excel skills are essential; experience with VBA, coding, and AI is a plus.
Education and Relevant Experience
· Bachelor’s Degree in Finance/Accounting/Economics.
· 3-10 years of experience related to alternative investments in private industry (e.g., credit funds, asset backed funds, hedge funds, private equity, bank, administrator, etc.) or public accounting.
· Experience with credit instruments, asset back instruments, originated loans, equities, derivatives - preferred.
