Associate, Structured Products - Boca Raton
2 days ago
Job description
Firm Overview:H.I.G. Capital is a leading global private equity investment firm with $70 billion of assets under management with a focus on the mid cap segment of the market. The H.I.G. family of funds includes private equity, growth equity, real estate, direct lending, special situation credit, and growth-stage healthcare. We focus on providing capital to businesses with attractive growth potential and align ourselves with committed management teams and entrepreneurs to help grow businesses of significant value. Our team of over 500 investment professionals has substantial operating, consulting, technology, and financial management experience, enabling us to contribute meaningfully to our portfolio companies. H.I.G. is based in Miami, with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco, and affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, and Paris in Europe as well as Bogotá, Rio de Janeiro, and São Paulo in Latin America, Dubai in the Middle East, and Hong Kong in Asia.
Credit Platform:
H.I.G. Capital's credit platform has invested over $30 billion in credit assets globally across multiple market cycles since inception and has been expanding rapidly. The Credit Platform is currently $20 billion in AUM with the expectation of this continuing to grow rapidly with multiple new fund structures in the pipeline. The Credit Platform has been actively investing in CLOs/structured products, direct loan originations, distressed/stressed debt, and distressed-for-control investments with both private equity firms and non-sponsor companies. A differentiated, value-added strategy and leading position in the lower to middle market has resulted in strong, consistent returns and has established H.I.G. as a market leader in the credit markets.
The growing credit platform includes interesting and complex fund structures including a publicly traded business development company, traditional closed-ended private credit funds, hybrid funds, evergreen funds as well as custom-tailored separately managed accounts. We also expect to expand into more liquid and open-ended structures in the near future. Our fund structures are sophisticated and employ many intricate features and characteristics including leverage through a multitude of structures (subscription lines, ABLs, TRS), multi-jurisdiction and multi-currency vehicles, and tax structuring vehicles including blockers, season-and-sell entities, and tax-treaty vehicles. Our funds are complicated - creating a dynamic and fast-paced environment in which there are opportunities to continually learn, grow and advance in your career and continuously work with some of the brightest and most successful professionals in the small and midcap markets.
We are currently implementing several operations- and technology-focused initiatives to provide a scalable infrastructure for continued growth in the future and to enable more opportunities to provide "value-add" information and analysis for H.I.G.'s investment team and senior management. The management of the Firm supports these initiatives and has provided the commitment and resources to make this transformation a reality. This will create opportunities for individuals to be involved with and/or own high-profile projects that will help H.I.G. Capital design and define our future operating infrastructure.
Role Overview:
Due to the significant growth and expansion of our Credit Platform, based in our Boca Raton or Coral Gables, Florida office, we are seeking a Structured Products Associate to join the structured products team. The structured products team is part of the Credit Finance Operations Team and is responsible for monitoring and maintaining asset backed leverage vehicles which contain middle market loans, broadly syndicated bank debt, foreign and domestic bonds, and distressed debt. The successful candidate will be joining a fast-growing sector of the Credit Platform focus will be on providing opportunities to grow, develop and be successful in your career.
Role Responsibilities:
- Maintain/track leverage facility compliance along with borrowing base analysis for hypothetical trades to ensure cash availability and borrowing base compliance.
- Deal funding preparation for leverage facilities including advance requests from lenders and cash coordination with internal and external teams.
- Frequent communication with deal teams as it relates to availability and other key leverage facility metrics as well as to collect deal information and analysis for lender approvals.
- Liaise and coordinate with external lenders and third-party providers to ensure any facility draws, paydowns, etc. are accurately executed and recorded.
- Independently track facility activities and financing accruals in order to review and approve quarterly waterfalls with lenders and collateral administrators.
- Daily cash monitoring/management within the leverage facilities.
- Manage shared data rooms to organize and post financial statements and legal documentation for facility lenders.
- Interpret and understand facility agreement documentation and assist with launch preparation for new facilities including document review, vendor selection, and internal facility set up.
- Reconcile and clear leverage facility related cash breaks.
- Assist in Season and Sell procedures as it pertains to the leverage facilities.
- Provide documentation for AUPs as it relates to specified leverage facilities.
- Provide information and documentation to third party providers as it relates to ESMA reporting as well as review quarterly deliverables.
- Bachelor's Degree in Finance/Accounting/Economics.
- 2+ years of experience in a similar capacity managing leverage facility maintenance and compliance.
- Product knowledge of Asset Backed Leverage facilities, Loans, and bonds.
- Leads by example in areas of attitude, attention to detail, urgency, process improvement, and quality of work.
- Strong planning and organizational skills and the ability to effectively prioritize frequent deliverables and time-sensitive demands.
- Ability to multi-task and demonstrate change agility with an evolving workload and ability to communicate upwards when competing priorities arise.
- Able to take instruction and follow through with guidance provided and independently research and resolve problems.
- Prior use of Sentry, Visual Portfolio Manager ("VPM") or similar credit platform, Wall Street Office Admin/Agent, Geneva, CDO Suite plus. Use of IVP's SRM and Polaris or Portfolio BI a plus.
- Positive attitude with a team player mentality, responsive, professional, and an effective communicator.
- Strong Excel (including index/match/offset, VLOOKUP's, sumifs, pivot tables, formatting).
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