CLO Deal Administrator (multiple levels)
About The Position
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Job Description This role has multiple levels, open to candidates with 0-4+ years of work experience. The successful candidate will be hired for the level of the position that aligns with their experience. Please note that the salary range provided corresponds to the lowest level of the position posted. This position offers start date flexibility now through June. U.S. Bank Global Corporate Trust Services is one of the largest providers of corporate trust services in the world. Our clients look to us for trustee, agency, escrow, document custody and money market issuing services via our 48 domestic offices and three international offices. 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. Typical types of collateral include syndicated bank loans, corporate bonds, ABS, MBS, and Mezzanine debt. Investors can choose between a variety of risk return options. The CLO Deal Administrator helps keep CLO portfolios running smoothly by handling the day‑to‑day operational work behind the scenes. This role supports daily and monthly reporting, tracks cash and par positions, settles trades, funds bank loans, and reconciles accounts to ensure all portfolio activity is accurate and complete. The administrator works with established processes, communicates regularly with internal teams and external clients via email and phone, and helps respond to routine client inquiries. It’s a fast‑paced, detail‑focused role that provides hands‑on exposure to CLO structures while building a strong foundation in financial operations through training and on‑the‑job learning.
Requirements
- Bachelor's degree in finance or related field, or equivalent work experience
- Typically less than two years of relevant work experience
Nice To Haves
- Strong organizational skills with exceptional attention to detail
- Basic understanding of indenture documentation and analytical skills
- Ability to manage multiple priorities, deadlines, and clients simultaneously
- Effective written and verbal communication skills
- Ability to interpret data and resolve discrepancies
- High stress tolerance and resilience in a deadline‑driven environment
- Proficiency in Microsoft Excel
- Strong computer navigation skills across Microsoft Office applications
Responsibilities
- Serve as the primary operational contact for assigned CLO clients
- Perform frontline administration for CLO portfolios, ensuring accuracy and timeliness
- Reconcile cash, positions, and portfolio activity across accounts
- Apply and process wires (sending and receiving)
- Settle bank loan and bond trades and manage trade lifecycle activity
- Read and interpret deal notices and indenture-related documentation
- Book cash inflows and outflows and invest excess cash as directed
- Track asset attributes including accruals, ratings, and industry classifications
- Produce and distribute daily, monthly, and quarterly client and investor reports
- Communicate regularly with clients, portfolio managers, middle office teams, agents, and law firms
- Manage high volumes of information and email in a fast‑paced environment
- Identify, investigate, and resolve exceptions through analysis and problem‑solving
- Support analysts with reporting and investor deliverables
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
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
