The Role
As an Operations Associate, you will be a part of the Sixth Street Global Operations Team that is responsible for investment execution, counterparty management, pipeline and other cash management functions, project management, and reporting and investment performance/analysis deliverables. The Operations Team supports Sixth Street’s investing activities across the globe for our private credit/equity, asset-based financing (“ABF”), structured credit, hybrid, and liquid credit funds, business development companies, and separately managed accounts. We expect this position to help grow our strategic investing in Sixth Street owned and third-party insurance company clients in addition to our private funds. As a member of this team, you will have the opportunity to be an integral part of a growing team in a fast-spaced, entrepreneurial work environment.
This is a full-time role based in our Dallas office.
Core Responsibilities - Support build out of the operational support model for private funds and separately managed accounts of insurance company clients, including structured credit and structured ABF investing activities. Responsibilities include:
- Interface directly with insurance company clients around pipeline management, asset setup, cash management, and other ad hoc inquiries
- Design and document client onboarding processes
- Trade capture across liquid and private assets in a standardized manner
- Perform standard and ad hoc cash management and forecasting
- Drive trade settlement
- Client bank account and custodial integrations
- Coordination with counterparties and external partners
- Partner closely with Engineering to design and build scalable operational capabilities to support the firm’s structured credit and ABF investing strategies
- Support deal execution for our private and ABF investing activities
- Serve as primary point of contact for our Insurance and ABF investing and business teams
- Partner with investing professionals, outside and internal counsel, tax, compliance, and other Sixth Street Core professionals ensuring good cross-functional communication and coordination throughout the investing process
- Ensure appropriate liquidity is available for new investments
- Ensure investment cash and settlement controls and protocols are adhered to
- Perform the timely and accurate setup of new investments to the order management, accounting, and reporting systems
- Identify and help creatively solve for critical accounting, reporting, compliance, and operational issues
What We Value
- 6+ years of experience; experience should include operations, treasury, and/or accounting roles at an insurance company and/or middle and/or back-office operations at a buy-side organization that invests in highly structured transactions – securitizations, asset-based financings, structured loans, etc. (those seen at a private equity or private credit alternative asset management firm or investment bank)
- Experience with Advent Geneva, Allvue/Black Mountain, and accounting sub-ledger vendors (ie., Clearwater, Aladdin, etc.) is a plus
- Deep knowledge of insurance and/or asset/liability management operations, including building policies and procedures, identifying and implementing process improvements, and overseeing trade workflow controls & compliance
- Highly motivated, entrepreneurial, and team-oriented candidates with strong communication, presentation, and Excel skills
- Commercial and results oriented, but uncompromising on tight controls and processes
- High trust and integrity
- Strategic and entrepreneurial mindset
- Strong combination of organizational and interpersonal/communication skills
- Candidate must be self-motivated and willing to work in a team environment with professionals across multiple offices and disciplines
- Strong industry network
- Candidate must possess the attention to detail focus required to meet multiple demands and deliverables
Preferred
- Strong understanding and application of internal controls and industry practices
- Detail-oriented, responsible, and proactive
- Ability to multi-task and maintain composure in a high-volume environment
- Strong sense of urgency; ability to execute quickly and efficiently with strong attention to detail
- Structured problem solver who is able to synthesize sophisticated information from a variety of sources into implementable recommendations and solutions
- Comfort working in a high growth, iterative environment
About Sixth Street
Sixth Street is a leading global investment firm founded in 2009. Our long-term oriented, highly flexible capital base and "One Team" cultural philosophy allow us to invest thematically across sectors, geographies, and asset classes.
We aren’t looking for any single type of person. Our strength is in our team, a collection of people from different backgrounds and with their own perspectives, united in the mission of being the world’s best investment firm.
From how we conduct business to how we engage in our communities, everything we do at Sixth Street is rooted in our commitment to our core principles:
- Cross-Platform: We think across the business and avoid silos at all costs
- Responsibility: We are accountable for our business, our team, and our communities
- Ethical: We are ethical and direct in word and deed
- Action: We initiate, execute and deliver results
- Teamwork: We are better together
- Entrepreneurship: We seek to innovate both inside and outside our business
Sixth Street is proud to be an Equal Opportunity employer and we encourage people from underrepresented backgrounds to apply. We do not discriminate based upon race, religion, color, national origin, genetic history, marital status, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, veteran status, disability, or other applicable legally protected characteristics.
If you need a reasonable accommodation to fill this out interest form, please contact Cindy Bombara (cbombara@sixthstreet.com).
Please refer to the privacy notice on our website for additional information regarding our obligations under the California Consumer Privacy Act (“CCPA”).
For more information, visit www.sixthstreet.com, or follow Sixth Street on LinkedIn, Twitter, and Instagram.
