Loan Administration Associate / Private Credit & Catalytic Capital

Apply by February 1, 2025

Location: This is an in-person role at Closed Loop Partners’ office in midtown Manhattan.

Salary Range: $100,000-$125,000 salary + discretionary bonus (compensation commensurate with experience)

Target Start: March 1, 2025

Closed Loop Capital Management 

Closed Loop Partners is dedicated to building the circular economy. The firm is comprised of three key businesses that create a platform for systems change; an innovation center, the Center for the Circular Economy, an investment group, Closed Loop Capital Management, and an operating group, Closed Loop Builders.

Closed Loop Capital Management manages venture capital, mid-market buyout private equity and catalytic private credit investment strategies on behalf of global corporations, financial institutions and family offices. To date, Closed Loop Capital Management has over $550 million of assets under management. Our team has made over 85 investments ranging from emerging innovations to established businesses. Focused on developed markets, Closed Loop Capital Management is designed to identify and accelerate circular solutions at different points within their growth, transitioning the economic system toward the efficiencies of circularity.

Closed Loop Partners is based in New York City and is a registered B Corp. www.closedlooppartners.com

 

Closed Loop Infrastructure Group, Private Credit & Catalytic Capital

The Closed Loop Infrastructure Group is Closed Loop Partners’ catalytic private credit strategy, providing flexible and risk-tolerant capital to support private companies and municipal projects representing business models, infrastructure, and innovations that increase the quality and quantity of recycled materials in the system and enhance circularity throughout supply chains. Catalytic capital aims to attract further investment and meet the criteria of driving net positive environmental and social outcomes.  

 

Role 

The Closed Loop Infrastructure Group is seeking a Loan Administration Associate to join the investment team to support the management and servicing of all loan portfolios across the catalytic private credit group. The role will report to the Director of Private Credit and Catalytic Capital. We are seeking a candidate that is familiar with both debt and equity structures and who is keen to contribute to a growing business.  

 

Responsibilities 

  • Loan Documentation: Prepare, review and maintain loan documents to ensure compliance with transaction specifications, credit approvals and regulatory standards.
  • Loan Servicing: Oversee payments and manage interest rate adjustments, amortization schedules and modifications, and administrative support across the full life-cycle activity of loans and investments
  • Transaction Execution: Coordinate closing flow of funds, making sure there is available cash by fund for settlement and working with treasury to make sure all wires are executed
  • Loan Process Management: Work closely with the investment team to ensure seamless deal closings by serving as the primary liaison between the investment team and fund finance team, including third-party fund administrator 
  • Compliance and Reporting: Review and reconcile finance records for all portfolio positions, including borrower/investee reporting, loan payment schedules, holdings reports, and fund return calculations. Assist in loan provisioning internal reviews and discussions (familiarity with CECL is preferred)
  • Annual Audit: Contribute to annual fund audit activities working closely with the investment team, fund finance team, third-party administrator, and third-party auditors
  • Borrower & Stakeholder Communications: Support and build relationships with internal and external parties and stakeholders including but not limited to borrowers, investees, participating lenders/investors, and deal professionals
  • Investor Relations: Work closely with the investor relations team to ensure timely and accurate financial data, impact outputs, and fund returns information related to capital activity events (e.g. investor distributions or capital calls), quarterly investor reporting, and ongoing investor communications.
     

Qualifications 

  • 2-5 years’ experience in Loan Operations, Accounting, and/or Fund Administration (Private Credit specific) 
  • Strong background and work experience in one or more of the following areas: private credit, leveraged loans, lower middle market lending, corporate debt, private fund operations 
  • Understanding of loan accounting in accordance with GAAP 
  • Strong Excel skills 
  • Experience using a loan administration software 
  • Acute attention to detail, organized 
  • Excellent communications skills, both verbal and written  
  • Demonstrated problem-solving skills 
  • Can operate in a fast-paced environment and proactively seeks to enhance processes 
  • Team player, eager to support, partner and lead towards collective goals 
  • Personally interested in sustainability and the natural environment 

 

Closed Loop Partners is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality or sex.
 

You must have US Work Authorization to be considered for any open Closed Loop Capital Management position. 

 

Apply Here