Consultant (Private Credit Operations)

Summary:

• Location: Boston, MA or New York, NY
• Work Mode: Hybrid, with 2 to 3 days onsite
• Duration: Approximately six months, with the possibility of extension

Responsibilities:

• Define the target state operating model for the fund, detailing responsibilities between the company and the fund administrator.
• Produce operating procedures and playbooks across six workstreams: cash management, fund administration, monthly and quarterly reporting, compliance and waterfall, rating agency, and loan servicing and reconciliation.
• Establish standards for capturing and reflecting deal terms, modifications, and lifecycle events consistently across systems of record.
• Advise on internal work allocation post-fund launch and validate with affected teams.
• Identify control points, handoffs, and exception paths to mitigate risks to the readiness date.
• Contribute to operational readiness assessment and work on remediation lists.
• Draft and pressure test SLA definitions, including measurement and frequency.
• Define the oversight model, including reconciliation points and escalation paths.
• Define loan and fund data requirements for compliance, waterfall testing, and reporting, and work with data partners to identify origins.
• Trace data quality issues to their root causes and recommend durable solutions.

Requirements:

• Minimum 10 years in private credit operations, loan operations, fund operations, or fund administration at an asset manager, alternative investment firm, insurance investment arm, or administrator.
• Deep working knowledge of the private credit loan lifecycle, including revolving and delayed draw facilities.
• Experience on the client side of a third-party fund administrator relationship, including standing up a new mandate and defining the oversight model.
• Track record producing operating procedures, playbooks, RACI, and SLA documentation for production use.
• Highly effective collaborator in a matrixed organization, able to raise risks and represent stakeholder perspectives constructively.
• Able to operate at both strategic and tactical levels, moving workstreams forward independently while keeping stakeholders aligned and informed.

Preferred Skills:

• Direct, hands-on experience with rated note fund or rated note feeder structures, including compliance and waterfall mechanics.
• Experience with rating agency reporting requirements and necessary data support.
• Prior involvement in a fund launch with a hard readiness gate ahead of legal close.
• Familiarity with loan administration systems, IBOR and ABOR environments, and data flows across a multi-system loan operations infrastructure.
• Knowledge of private credit structures across direct lending, broadly syndicated loans, unitranche, and mezzanine.
• Familiarity with third-party administrator operating models such as Alter Domus, State Street, SS&C, Citco, or Client.
• Systems exposure to WSO, eFront, Allvue, or equivalent platforms.
• Experience with restructures, workouts, and distressed exchanges.
• Familiarity with AI tools such as Claude, ChatGPT, or Gemini for process documentation and synthesis of complex material.
• CPA or CFA certification.