Subscription Finance, Senior Associate

Title: Subscription Finance, Senior Associate

Location:

Boston, Massachusetts

United States

Full time

Job Description:

What is Global Credit Finance?

 

Global Credit Finance (GCF) is State Street’s lending business, helping clients access financing solutions while supporting the growth of the firm. GCF manages more than $100 billion in lending commitments across a variety of products and serves clients around the world.

GCF is made up of more than 150 employees across the U.S., Europe, and Asia, with offices in Boston, Irvine, London, Munich, Milan, Gdansk, Luxembourg, and Bangalore. GCF works with a diverse range of financing solutions, including private markets lending, private credit, liquidity and leverage facilities for investment funds, CLOs, municipal finance, commercial real estate, corporate lending, and other specialized financing products. Our mission is to build strong client relationships by providing capital and financing solutions while generating income and diversification for State Street.

 

 

Who we are looking for

 

The Senior Associate on GCF's Subscription Finance team will play a key role in supporting one of the division's largest and most strategic lending product groups. The successful candidate will possess a positive attitude, strong quantitative and analytical skills, and the ability to collaborate effectively with colleagues across Credit, Relationship Management, Legal, Operations, Risk, and Portfolio Management. Subscription Finance is a key driver of revenue for GCF, providing capital call and other fund-level lending solutions to some of the world's leading Private Equity sponsors, Private Credit managers, and Hedge Fund/Fund of Funds managers. This position offers the opportunity to work on complex transactions, develop deep expertise in fund finance, and build relationships with premier alternative asset managers globally.

 

What you will be responsible for

 

• Support the underwriting, structuring, execution, and documentation of subscription finance facilities for leading private equity, hedge fund, and fund-of-funds clients.
• Perform credit analysis and financial due diligence on fund sponsors, investors, and underlying portfolios to support new transactions and portfolio management activities.
• Monitor and manage an existing portfolio of subscription finance facilities, including ongoing surveillance, covenant compliance, risk assessment, and periodic credit reviews.
• Contribute to business growth initiatives by supporting deal origination efforts, identifying financing opportunities, and helping deliver capital call lending solutions that are a key driver of revenue for the division.

 

What we value

 

These skills will help you succeed in this role

·          Strong quantitative and analytical thinking with the ability to assess complex financial and credit-related information, especially via Microsoft Excel

·          Exceptional problem-solving skills and a willingness to take ownership of challenges

·          A positive attitude, intellectual curiosity, and a desire to continuously learn and develop expertise

·          Strong communication and relationship-building skills, with the ability to collaborate effectively across teams and seniority levels.

 

Education & Preferred Qualifications

 

·          Undergraduate degree in Finance, Economics, Statistics, or related discipline

·          1-4 years in the Financial Services industry

 

Work Requirement

 

Participate in a hybrid work environment, with 4 days per week in the Boston office and 1 remote workday.

 

Salary Range:

$52,000 - $91,000 Annual

 

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

 

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

 

About State Street

 

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

 

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

 

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

 

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Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.