Analyst/Associate – Middle Office Operations (Public Credit)

Overview

Analyst to join the Public Credit Middle Office within HPS Private Financing Solutions, focused on the liquid credit business, responsible for trade lifecycle, reconciliations and operational support for fund positions and cash.

What you'll do

• Research and resolve cash breaks and position breaks versus custodians, clients, administrators and other systems.
• Perform cash and asset reconciliations between internal systems, including Aladdin, and custodians.
• Play a key role in the daily reconciliation between HPS and BlackRock accounting systems.
• Provide daily oversight of loan and security administration, including delayed fundings, contracts, coupon payments, factor payments and maturities.
• Investigate transactional or accrual discrepancies.
• Provide full trade-lifecycle operational support for fixed- and floating-rate bonds, private placements, ABS, cross-currency swaps, term loans, delayed-draw term loans and revolvers.
• Contribute to the design and implementation of onboarding processes for new investments, including trade lifecycle, cash management, valuation, PnL recognition and reconciliation.
• Work closely with custodians, including responding to questions on how to apply cash.
• Assist with position confirmation and provide support to internal and SMA auditors.
• Interact daily with Front Office, Fund Accounting, Fund Administrators, SMA clients and auditors to troubleshoot booking and position discrepancies.
• Collaborate with technology teams on automation and workflow enhancements and execute User Acceptance Testing (UAT), including scenario testing and error resolution before production release.
• Liaise with accounting, product control, valuations, investment data and other internal groups to resolve open queries.
• Participate in cross-functional initiatives and group-level projects.
• Manage transactional data for alternative products by sourcing information from legal documents and third-party notices and entering it into internal systems.
• Assist in trade execution.
• Ensure relevant controls are in place and diligently followed to maintain a risk-controlled environment.
• Provide oversight of daily and ad hoc processes and assist with issues, escalations and complex scenarios.
• Collaborate with external service providers and internal teams to exchange product and asset data and resolve operational issues.
• Maintain and regularly update process documentation and control frameworks.

What you'll need

• Master's degree in Finance or Accounting or relevant field.
• 2+ years of experience in middle office/operations, data management, accounting or administration, with a focus on alternative investment funds.
• Deep understanding of alternative investment products, including hedge funds, structured products and private equity.
• Knowledge of trading and settlement.
• Understanding of lifecycle events, including coupons, factors, amendments, tenders and maturity.
• Experience with cash and position reconciliation.
• Strong Excel and Outlook management skills.
• Enjoys problem solving and critical thinking.
• Ability to resolve complex issues efficiently and independently by applying knowledge from training and past experience.
• Curiosity and a strong desire to learn and build knowledge continuously.
• Ability to use lookups, pivot tables and extensive formulas and to build them from scratch.
• Ability to manage a high volume of email without missing important items, respond promptly and escalate when necessary.

Details

• Location: Mumbai, India.
• Shift timings: 2 PM to 11 PM.
• Hybrid work model: at least 4 days in the office per week, with up to 1 day working from home.