CLO Loan/Asset Administrator 1

U.S. Bank • Chicago, IL

12d • Hybrid

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. As a CLO Loan/Asset Administrator 1, you'll join a team within Global Corporate Trust that supports complex bond and structured finance portfolios for institutional investors. This role is ideal for someone who enjoys working with financial data, solving problems, investigating discrepancies, and ensuring critical portfolio information is accurate. You'll work across multiple financial systems and reports to monitor portfolio activity, reconcile balances, forecast future payments, and support investor reporting. If you're detail-oriented, analytical, and interested in building a career in banking or financial operations, this is an excellent opportunity to develop specialized industry knowledge while working alongside experienced professionals.

Requirements

• Typically an Associate's or Bachelor's degree, or equivalent work experience
• Typically less than two years of relevant work experience
• Experience in banking, finance, lending, accounting support, or financial operations.
• Understanding of basic financial concepts, including interest calculations and payment processing.
• Strong analytical and problem-solving abilities.
• Ability to identify discrepancies, research issues, and determine appropriate resolutions.
• Excellent organizational skills and attention to detail.
• Ability to manage multiple priorities in a fast-paced environment.
• Strong communication and collaboration skills.
• Proficiency with Microsoft Office applications and the ability to learn new systems quickly

Nice To Haves

• Successful candidates are naturally curious, enjoy working with numbers and financial data, and take ownership of their work.
• They are comfortable learning new systems, investigating issues independently, and balancing accuracy with productivity.
• Finance, banking, lending, or related experience can provide a strong foundation for success in this role.

Responsibilities

• Reconcile cash activity and balances across assigned bond and investment portfolios.
• Review and research differences between projected and actual payments received.
• Investigate discrepancies using financial reports, governing documents, and multiple internal and external resources.
• Support investor reporting activities and ensure appropriate access to information.
• Forecast future payments by analyzing balances, interest rates, payment schedules, and other financial data.
• Maintain accurate portfolio records and documentation.
• Monitor outstanding issues and partner with internal teams and external providers to resolve exceptions.
• Navigate multiple systems and reports to ensure accurate and timely portfolio processing.

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
• Education Level: Associate degree