Trust Reporting Analyst - Collateralized Loan Obligation
About The Position
U.S. Bank Global Corporate Trust Services provides trustee, agency, escrow, document custody, and money market issuing services to a diverse global client base. Its Collateralized Loan Obligation (CLO) and Global Structured Finance groups support structured finance vehicles issuing debt and equity securities backed by portfolios of syndicated bank loans, corporate bonds, ABS, MBS, CMBS, and mezzanine debt. The CLO Trust Reporting Analyst supports these vehicles by performing trust reporting, collateral data reconciliation, compliance testing, and investor reporting. The role requires analytical skills, attention to detail, and the ability to manage multiple complex transactions in a fast-paced environment, with 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. The position is not eligible for visa sponsorship and does not support STEM OPT.
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 the 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 in 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 support accurate and timely receipt and distribution of cash flows.
- Perform 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 sources and resolve exceptions; and 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 coverage.
- Pregnancy disability and parental leave.
- 401(k) and employer-funded retirement plan.
- Paid vacation of 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
