Trust Reporting Analyst

U.S. Bank • Houston, TX

1d • Hybrid

About The Position

U.S. Bank Global Corporate Trust Services is one of the largest providers of corporate trust services in the world. Our clients look to us for trustee, agency, escrow, document custody and money market issuing services via our 48 domestic offices and three international offices. The Collateralized Debt Obligation (CDO) and Global Structured Finance (GSF) groups are divisions within U.S. Bank Global Corporate Trust Services and provide services on structured finance vehicles that issue both debt and equity liabilities, the proceeds of which are used to buy a portfolio of collateral such as syndicated bank loans, corporate bonds, ABS, MBS, CMBS and Mezzanine debt. These services include Trust Reporting, which requires review of the deal documents, set up of cashflow priorities, collection of periodic asset activity data, reporting to bondholders, and when required, trust tax reporting. Essential functions of the CLO Trust Reporting Analyst 2 include: Read and interpret trust indentures with regard to reporting requirements. Create technical report specifications from indenture language. Set up payment calculations in a variety of in-house systems. Receive, map and reconcile periodic collateral data. As required, make tax elections, file for EIN’s, and track residual holder transfers. Additionally, the CLO Trust Reporting Analyst 2 will perform portfolio compliance tests on a selection of structured fixed income deals (trade testing). Compile monthly, quarterly and annual payment and/or tax reports. Coordinates with operations teams to ensure correct payments are received and made. Perform quality control review of reports, meeting timeliness and accuracy standards. Frequent interaction with asset managers, investors, auditors and rating agencies.

Requirements

• Bachelor’s degree in business, finance, economics, accounting or related field, or equivalent work experience
• Two to three years of relevant work experience
• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

Nice To Haves

• Basic understanding of syndicated bank loans, fixed income securities, securitization, trading or mutual funds
• Ability to identify and resolve exceptions and to interpret data
• Effective interpersonal, verbal and written communication skills
• Ability to perform multiple tasks and meet established deadlines in a dynamic working environment with minimal supervision

Responsibilities

• Read and interpret trust indentures with regard to reporting requirements.
• Create technical report specifications from indenture language.
• Set up payment calculations in a variety of in-house systems.
• Receive, map and reconcile periodic collateral data.
• Make tax elections, file for EIN’s, and track residual holder transfers.
• Perform portfolio compliance tests on a selection of structured fixed income deals (trade testing).
• Compile monthly, quarterly and annual payment and/or tax reports.
• Coordinates with operations teams to ensure correct payments are received and made.
• Perform quality control review of reports, meeting timeliness and accuracy standards.
• Frequent interaction with asset managers, investors, auditors and rating agencies.

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: Mid Level