CDO Loan Asset Administrator

U.S. Bank • Chicago, IL

9d • $28 - $37 • Onsite

About The Position

The Collateralized Loan Obligation Group (CLO) is a division within Global Corporate Trust and Custody. CLOs are structured finance vehicles that issue both debt and equity liabilities, with the proceeds being used to buy a portfolio of collateral. Primary responsibility for this role is to manage the daily CLO system and issue tracker reports. Sets up new portfolios, assets and cash mapping input to CLO system. Processes Agent Bank notices into system. Researches discrepancies between portfolios with the same bond using report data. Manages daily CLO issue tracker reports globally to ensure accurate information. Ensures client responses on corporate actions are entered in a timely and accurate manner. Clears past dues and unapplied balances. Contacts Trustees and Agent Banks daily to ensure all missing payments or reports are received.

Requirements

• Typically a Bachelor's degree, or equivalent work experience
• Typically two to three years of relevant work experience

Nice To Haves

• Strong organizational skills and detail-oriented
• Broad knowledge of assigned functional area, including applicable systems, policies, procedures, and regulatory requirements
• Effective interpersonal and customer relation skills
• Ability to manage multiple tasks/projects and deadlines simultaneously
• Ability to identify and resolve exceptions and interpret data
• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

Responsibilities

• Manage the daily CLO system and issue tracker reports.
• Set up new portfolios, assets and cash mapping input to CLO system.
• Process Agent Bank notices into system.
• Research discrepancies between portfolios with the same bond using report data.
• Manage daily CLO issue tracker reports globally to ensure accurate information.
• Ensure client responses on corporate actions are entered in a timely and accurate manner.
• Clear past dues and unapplied balances.
• Contact Trustees and Agent Banks daily to ensure all missing payments or reports are received.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level