Senior Director, Private Credit Operations & Fund Finance

Company name: Apogem Capital

Location Designation:Hybrid - 3 days per week

At Apogem, we stand at the forefront of New York Life Investment Management's mission to empower investors and shape financial legacies. As the investment arm of the company, we are dedicated to delivering exceptional value to our clients through a blend of expertise, innovation, and a profound commitment to humanity.

Apogem Capital, leads the way in alternatives investing with decades of experience in the middle market and approximately $41 billion in assets under management. Offering a full range of capital solutions, Apogem delivers innovative strategies to private equity sponsors and portfolio companies, while providing our clients with access to highly sought-after opportunities.

At Apogem, Humanity is our competitive edge, and we tirelessly work to protect it. Within our culture of care, employees are not just seen but truly heard. We are deeply committed to building and maintaining a diverse workforce that reflects the rich tapestry of the communities we serve.

If you're passionate about making a meaningful difference in the world of finance, Apogem offers an exciting work environment where your talents are valued, and your contributions have a lasting impact. With offices in New York, Chicago, and Richmond, we provide opportunities for career development and growth, competitive benefits, and a collaborative culture that attracts and retains the best talent. Bring your passion for investing, client service, or operations to grow with Apogem. To learn more, please visit Apogem Capital.

Role Overview: Under limited direction, and in coordination with broader team members, the leader of our Private Credit Operations & Fund Finance team utilizes extensive knowledge and skills acquired through education and experience to determine, implement, and oversee the operational and fund financing needs of the firm's private credit platform. In this role, you will be reporting directly to the Chief Operating & Financial Officer of the firm, and will work closely with investment professionals, finance, legal, investor relations, broader operations and fund finance team members and a variety of external counterparts.

What You'll Do:

As a senior member of the Private Credit Operations & Fund Finance team, you will be responsible for loan administration, loan operations, execution of loan allocation decisions, developing and operationalizing financing solutions for the firm's investment structures and funds - including subscription-backed credit facilities, bespoke investment specific financing solutions, managing relevant elements of the transition to a third-party administrator, loan portfolio data automation and system conversion efforts and all other operational & fund financing efforts to grow the private credit business. In addition, you will be supporting new fund launches, deal execution and investor reporting. Your responsibilities will include the following:

• Plan, design, implement and lead loan administration and loan allocation execution functions for efficiency, consistency, accuracy, and turnaround time to better meet client service requirements, internal expectations and efficient management of third-party administrators
• Oversee all aspects of fund financing, leverage facility management, borrowing base calculations, execution of loan allocation decisions, liquidity forecasting, credit estimate process with rating agencies (e.g., S&P, KBRA), and assigned value processes with ABL facility lenders
• Oversee daily portfolio activity, including operational management of loan portfolios (SOFR rollover, amortization payments, borrower invoices, cash balancing, cash and position reconciliation processes etc.)
• Manage Wall Street Office (WSO), Sentry and any outsourced provider relationships for data integrity; enable "shadow" of these credit sub-ledger systems being used by the third-party administrator. Ensure all transactions are documented, set up and managed in these systems according to procedure
• Respond to internal and external inquiries regarding loan balances, interest, fees, and expenses and respond to ad-hoc requests and audit inquiries
• Support the loan allocations committee and portfolio management teams by, among other things, providing timely portfolio information, liquidity forecasting and reporting, capital availability, and strategy
• Continue to innovate and enhance the credit platform by expanding the firm's operational capabilities via process redesign and role & responsibility definitions to support efficient transition to third-party administrator
• Respond to ODD questionnaires where applicable and participate in due diligence sessions with existing and prospective investors and consultants
• Ensure data accuracy and manage adoption of technology systems/tools/automated solutions for performing reconciliations, cash balancing, loan allocations and warehouse management, available liquidity reporting, and external vendor file transfers
• Provide timely responses for all investor reporting and RFPs
• Develop and design reporting for internal and external consumption
• Develop and maintain strong working relationships with internal and external stakeholders, including investment professionals, borrowers, sponsors, and third-party administrators / service providers
• Provide strong leadership, development, and guidance to operations and fund finance team members
• In conjunction with investment professionals, maintain and expand lending relationships and assist with deal structuring and negotiations across different products and asset classes
• Collaborate with Head of Fund Administration on the audit process, leverage and capital deployment mechanics, financial reporting as well as KYC, AML, and other procedures necessary for loan administration and client onboarding
• Review and update control narratives, and conduct walkthroughs for the SOC1, SOX, and internal audit reviews
• Perform other duties and responsibilities as assigned

What You'll Bring:

• Bachelor's degree required; an advanced certification or degree a plus (e.g., CPA, CFA, CAIA, MBA)
• 20yrs+ of finance/operations experience in a medium sized to large Private Credit Investment Management firm or BDC
• A good understanding of private credit fund concepts across a range of strategies, including investment grade private placements, direct lending, venture debt, NAV lending, credit secondaries, and asset-based lending / specialty finance
• Best practices in operational management of both private and public (e.g. 1940 Act) investment vehicles
• Strong team leadership and staff development skills with ability to mentor and provide guidance to the growing team of operations and fund finance professionals. The right candidate will be a culture carrier within the firm and advocate for the team
• Experience with industry technology used in supporting private credit strategies e.g., iLevel, Sentry, AllVue, IHS Markit-WSO/ClearPar, FIS Investran, iLien, DealCloud, FIS DX, Anduin
• Strong experience with credit facility management, borrowing base calculations, and capital management
• Proven track record of structuring and negotiating financings across different products and asset classes, ideally in more than one markets (Americas, Asia and Europe)
• Excellent understanding of the fund financing markets including understanding of various products (e.g. subscription lines, NAV facilities) and execution processes

Preferred Skills:

• Proven track record of managing teams and processes
• Network in the private market community, among lenders, GPs and law firms

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Pay Transparency

Salary range:$200,000 - $240,000

Overtime eligible:Exempt

Discretionary bonus eligible:Yes

Sales bonus eligible:No

Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Diversity Promise

We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.

Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by theFoundation.We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

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Job Requisition ID:91595