CLO Portfolio Administrator

U.S. Bank National Association • Charlotte, NC

2d • $23 - $30 • Hybrid

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.
Key responsibilities of the CLO Portfolio Administrator include settling bond and bank loan trades, investing excess cash as directed by the Portfolio Manager, and booking all cash inflows and outflows to the portfolio. The role is responsible for tracking asset attributes such as accrual information, ratings, and industry codes, and for producing daily, monthly, and quarterly client reports. They will also support Analysts with investor reporting and ensure the accuracy and timeliness of data through proper booking, reconciliation, and resolution of exceptions.
The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days. The office is located in Charlotte, NC.

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

• Settling bond and bank loan trades
• Investing excess cash as directed by the Portfolio Manager
• Booking all cash inflows and outflows to the portfolio
• Tracking asset attributes such as accrual information, ratings, and industry codes
• Producing daily, monthly, and quarterly client reports
• Supporting Analysts with investor reporting
• Ensuring the accuracy and timeliness of data through proper booking, reconciliation, and resolution of exceptions

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