Cash Management

About this role PFS Investment Partners, a part of BlackRock, is a leading global, credit-focused alternative investment manager that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offer the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients.  Department Description The Cash Management team is responsible for handling all cash events within the Funds. Day to day tasks include but are not limited to processing wires, cash reconciliation, maintaining bank accounts/relationships, actioning audit requests, collateral management, performing ongoing analysis to reduce cash drag, coordinating with administrators and trustees, and assisting in liquidity analysis to ensure the Funds have sufficient cash on hand to cover all upcoming funding obligations. The Cash Management team interacts closely with the Deal Execution, FX Hedging, Fund Accounting, Fund Finance, Middle Office, Tax, Valuations, Luxembourg, and Deal teams.

Description                                                                                                                                                PFS is seeking to recruit an Associate to join the Operations – Cash Management team based in Mumbai.  The individual should be highly organized with exceptional attention to detail.  They should have the ability to meet strict deadlines, as well as work independently and as part of a team.  A desire for a fast-paced environment is crucial.

Specific responsibilities will include but not be limited to the following: Treasury operational tasks for the Funds including processing wires for investment fundings, transfers between legal entities within complex fund structures, and settling foreign exchange transactions, margin calls, and swaps Assist in liquidity management process to ensure Funds have sufficient cash to cover all upcoming funding needs Managing the opening, closing and maintenance of Fund bank accounts Oversee and in-charge of day-to-day cash reconciliations. Manage overseas team that assists in reconciliation process. Analyze complex/escalated cash breaks to determine how to clear Liaise with fund administrators, trustees, and auditors Ensuring continued focus on process improvement and increased automation of activities Assist with testing the implementation of new processes, technologies, and overall initiatives Lead special projects and ad hoc analysis Candidate Profile Graduate with a bachelor’s degree in Finance or related fields; 2 – 4 years of experience Must have strong PC skills with particular emphasis on Microsoft Excel Strong working knowledge of reconciliations Demonstrated ability to manage, organize, and implement various levels of projects (small to large, simple to complex) Strong leadership skills with the ability to take ownership and responsibility Strong analytical skills and exceptional attention to detail Ability to