Trust Reporting Analyst - Collateralized Loan Obligation

U.S. Bank•Chicago, IL

17d•Hybrid

About The Position

U.S. Bank Global Corporate Trust Services provides trustee, agency, escrow, document custody, and money market issuing services. Its Collateralized Loan Obligation (CLO) and Global Structured Finance groups support structured finance vehicles backed by portfolios of syndicated bank loans, corporate bonds, ABS, MBS, CMBS, and mezzanine debt. The Trust Reporting Analyst supports these vehicles through trust reporting, collateral data reconciliation, compliance testing, and investor reporting. The role involves interpreting legal documents, configuring reporting and payment calculations, validating collateral data, and delivering reports to clients. The analyst manages multiple complex transactions in a fast-paced environment and has exposure to CLO and CDO products. The position is based in Chicago, Illinois, with a hybrid/flexible schedule requiring at least three days per week in the office.

Requirements

Bachelor’s degree in business, finance, economics, accounting, or a related field, or equivalent work experience.
Less than two years of relevant work experience.
Strong analytical skills and attention to detail.
Ability to interpret data and identify discrepancies or exceptions.
Effective interpersonal, verbal, and written communication skills.
Ability to work independently while managing multiple priorities and deadlines in a dynamic environment.
Strong organizational and time-management skills.
Proficiency with Microsoft Office applications, including Outlook, Teams, and Excel.
Intermediate Excel skills, including pivot tables and XLOOKUP for reconciliation and analysis.

Nice To Haves

Basic understanding of syndicated bank loans, fixed income securities, securitization structures, trading, or mutual funds.
Familiarity with CDO or structured finance systems.

Responsibilities

Read, interpret, and apply trust indentures and related legal documents to determine reporting and compliance requirements.
Translate indenture language into technical report specifications and cash flow logic.
Set up and maintain payment calculations and reporting structures within proprietary systems.
Receive, map, reconcile, and validate periodic collateral and asset activity data.
Perform portfolio compliance and trade testing on structured fixed income deals, as required.
Compile and deliver monthly, quarterly, and annual investor, payment, and/or tax reports.
Make tax elections, apply for EINs, and track residual holder transfers when required.
Coordinate with internal operations teams to ensure accurate and timely receipt and distribution of cash flows.
Conduct quality control reviews to ensure reports meet accuracy and timeliness standards.
Interact with asset managers, clients, investors, auditors, rating agencies, and internal middle-office and cash administration teams.
Liaise with third-party administrators and internal U.S. Bank administration teams managing cash accounts.
Provide timely data and reporting deliverables to clients and external auditors.
Run daily, monthly, and quarterly reports.
Reconcile data across multiple sources and resolve exceptions.
Send reporting outputs and data packages to clients.
Manage approximately 10 active deals simultaneously.
Communicate by phone, email, and in person with internal teams, clients, and external auditors.

Benefits

Healthcare coverage, including medical, dental, and vision.
Basic term and optional term life insurance.
Short-term and long-term disability insurance.
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.