Collateralized Loan Obligation Loan Admin - Corporate Trust
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 Take your skills to the next level 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. This role has multiple levels, open to candidates within Corporate Trust CLO department with minimum 1 year experience in CLO Loan Admin role. 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.
Requirements
- Typically an Associate's or Bachelor's degree, or equivalent work experience
- Typically less than two years of relevant work experience
- Typically a Bachelor's degree, or equivalent work experience
- Typically two to three years of relevant work experience
- minimum 1 year experience in CLO Loan Admin role
Nice To Haves
- Strong organizational skills and detail-oriented
- Basic 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
- 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
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
Education Level
Associate degree
