Private Credit Bank Loans, Senior Associate

State Street-posted 3 months ago
$52,000 - $94,120/Yr
Full-time • Entry Level
Kansas City, MO
5,001-10,000 employees
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
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The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS' tools help our clients make better investment choices and act on growth opportunities. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

  • Support and assist Client Operations and other operational Shared Service teams/ Center of Excellence (COE's) by monitoring and processing custody related events to the fund's records accurately and timely.
  • Perform daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios for various SSC clients.
  • Process new trades and trade settlements on accounting records.
  • Daily reconciliation of cash balances.
  • Produce daily roll-forward proof of portfolio holdings and accrual information.
  • Prepare standard and ad hoc reporting for both internal and external customers.
  • Respond to customer queries on a daily basis.
  • Daily processing of bank loan notices as received from agent banks.
  • Interact with the Investment Manager on their assigned portfolios, performing ad hoc requests and providing daily reporting per client specific guidelines.
  • Work closely with mutual fund counterpart, providing Loan related reports to be incorporated into the final NAV Calculation.
  • Identify any unusual or potentially suspicious transaction activity and report and/or escalate in accordance with corporate policy and guidelines.
  • Research and track resolution exceptions and issues.
  • Receive and resolve inquiries in a timely and accurate manner and communicate effectively with clients when necessary.
  • Define and ensure successful completion of ad-hoc requests.
  • Escalate unresolved issues to management as required.
  • Perform daily or weekly reporting functions for the team's activities.
  • Ensure adherence to Standard Operating Procedures.
  • Keep up to date on broader internal/external business issues; apply knowledge across team.
  • Assist management in the implementation of new policies and procedures, participate in projects.
  • Assist with workflow management and technology enhancements, make suggestions to streamline operations.
  • Maintain knowledge of current alternative procedures and processes.
  • Support training of new hires as necessary.
  • Other tasks as needed.
  • BS/BA degree required.
  • Minimum of 1-3 years of related experience, preferably in financial services industry.
  • Experience in working with Bank Loan asset class required.
  • Proficiency with Wall Street Office (WSO).
  • Generous medical care.
  • Insurance and savings plans.
  • Flexible Work Programs.
  • Development programs and educational support.
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