Deal Administrator - Collateralized Loan Obligation

U.S. Bank • Houston, TX

10d • $24 - $32 • Hybrid

About The Position

U.S. Bank Global Corporate Trust Services is a leading provider of corporate trust services globally, offering trustee, agency, escrow, document custody, and money market issuing services through a network of domestic and international offices. The Collateralized Loan Obligation (CLO) Group, a division within Global Corporate Trust and Custody, deals with structured finance vehicles that issue debt and equity liabilities to acquire a portfolio of collateral, such as syndicated bank loans, corporate bonds, ABS, MBS, and Mezzanine debt. The CLO Deal Administrator plays a crucial role in the daily operations of CLO portfolios, ensuring smooth functioning through diligent handling of operational tasks. This position involves supporting daily and monthly reporting, meticulously tracking cash and par positions, settling trades, funding bank loans, and reconciling accounts to guarantee the accuracy and completeness of all portfolio activities. The administrator will work within established processes, maintain regular communication with internal teams and external clients via email and phone, and address routine client inquiries. This role is characterized by its fast-paced nature and focus on detail, offering hands-on experience with CLO structures and building a strong foundation in financial operations through comprehensive 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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level