Trust Reporting Analyst - Collateralized Loan Obligation

U.S. Bank • Boston, MA

17d • $73,780 - $86,800 • Hybrid

About The Position

The Trust Reporting Analyst supports U.S. Bank Global Corporate Trust Services’ Collateralized Debt Obligation and Global Structured Finance groups, which serve structured finance vehicles backed by syndicated bank loans, corporate bonds, asset-backed securities, mortgage-backed securities, commercial mortgage-backed securities, and mezzanine debt. The analyst performs trust reporting, collateral data reconciliation, compliance testing, and investor reporting for CLO and CDO transactions. The role requires analytical ability, attention to detail, and management of multiple complex transactions in a fast-paced environment, with exposure to CLO and CDO products.

The position interprets trust indentures and related legal documents, translates requirements into report specifications and cash flow logic, maintains payment calculations and reporting structures in proprietary systems, and receives and validates collateral and asset activity data. It also involves compliance and trade testing, production of investor, payment, and tax reports, and coordination with internal and external stakeholders to support accurate, timely cash flows and reporting. The analyst typically manages approximately 10 active deals and works with a hybrid schedule requiring at least three in-office days per week in Boston, Massachusetts.

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 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; helpful but not required.

Responsibilities

• Read, interpret, and apply trust indentures and related legal documents to identify 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 ensure accurate and timely receipt and distribution of cash flows.
• Perform quality control reviews to ensure reports meet established 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level