CLO Deal Administrator

US Bank • Chicago, IL

77d • $25 - $34

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. Typical types of collateral include syndicated bank loans, corporate bonds, ABS, MBS, and Mezzanine debt. Investors can choose between a variety of risk return option. Responsibilities include: settles bond/bank loan trades and invests excess cash as directed by the Portfolio Manager, books cash inflows/outflows to the portfolio, tracks asset attributes such as accrual information, rating, industry codes, etc., provides reports to the clients on a daily/monthly/quarterly basis, and assists Analysts with reporting to the investors. Ensures accuracy and timeliness of data through proper booking and reconciliation of account activity.

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 and detail-oriented
• Basic indenture interpretation abilities and analytical skills
• Effective verbal and written communication 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

• Settles bond/bank loan trades and invests excess cash as directed by the Portfolio Manager
• Books cash inflows/outflows to the portfolio
• Tracks asset attributes such as accrual information, rating, industry codes, etc.
• Provides reports to the clients on a daily/monthly/quarterly basis
• Assists Analysts with reporting to the investors
• Ensures accuracy and timeliness of data through proper booking and reconciliation of account activity

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: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees