Deal Administrator - Collateralized Loan Obligation
About The Position
U.S. Bank Global Corporate Trust Services provides trustee, agency, escrow, document custody, and money market issuing services. The Collateralized Loan Obligation (CLO) Group supports structured finance vehicles that issue debt and equity to purchase portfolios of collateral, such as syndicated bank loans, corporate bonds, ABS, MBS, and mezzanine debt. The CLO Deal Administrator handles day-to-day operational work that keeps CLO portfolios running smoothly. The role supports daily and monthly reporting, tracks cash and par positions, settles trades, funds bank loans, and reconciles accounts to ensure portfolio activity is accurate and complete. The administrator follows established processes, communicates with internal teams and external clients by email and phone, and responds to routine client inquiries. This fast-paced, detail-focused position offers hands-on exposure to CLO structures and training and on-the-job learning in financial operations. The position is based in Boston, Massachusetts, with a hybrid/flexible schedule requiring at least three days per week in the office. The position is not eligible for visa sponsorship and does not support STEM OPT.
Requirements
- Bachelor's degree in finance or a related field, or equivalent work experience.
- Typically less than two years of relevant work experience.
Nice To Haves
- Strong organizational skills and 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 incoming and outgoing wires.
- 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 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 coverage, including medical, dental, and vision.
- Basic term and optional term life insurance.
- Short-term and long-term disability coverage.
- 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 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
- Incentive and recognition programs, equity stock purchase, 401(k) contribution, and pension, subject to eligibility requirements.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
