Trust Reporting Analyst - Collateralized Loan Obligation (multiple levels)

U.S. Bank•Boston, MA

3d•$81,345 - $95,700•Hybrid

About The Position

U.S. Bank Global Corporate Trust Services is a major provider of corporate trust services, including trustee, agency, escrow, document custody, and money market issuing services. Its Collateralized Loan Obligation (CLO) and Global Structured Finance groups support structured finance vehicles that issue debt and equity liabilities backed by portfolios of assets such as syndicated bank loans, corporate bonds, and various types of asset-backed and mortgage-backed securities. The CLO Trust Reporting Analyst role is available at multiple levels and is intended for candidates with at least two years of experience. The hired level will be based on the candidate’s experience. The role supports trust reporting by interpreting deal documents, setting up cashflow priorities and calculations, collecting and reconciling asset activity data, and preparing reports for bondholders and, when required, trust tax reporting. The analyst also performs portfolio compliance testing, coordinates payment operations, and reviews reports for accuracy and timeliness. The role requires working from a U.S. Bank location three or more days per week and is not eligible for visa sponsorship.

Requirements

Bachelor’s degree in business, finance, economics, accounting, or a related field, or equivalent work experience.
Two to three years of relevant work experience.

Nice To Haves

Basic understanding of syndicated bank loans, fixed-income securities, securitization, trading, or mutual funds.
Ability to identify and resolve exceptions and interpret data.
Effective interpersonal, verbal, and written communication skills.
Ability to manage multiple tasks and meet established deadlines in a dynamic environment with minimal supervision.
Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications.

Responsibilities

Read and interpret trust indentures to determine reporting requirements.
Create technical report specifications from indenture language.
Set up payment calculations in in-house systems.
Receive, map, and reconcile periodic collateral data.
Make tax elections, file for EINs, and track residual holder transfers as required.
Perform portfolio compliance tests, including trade testing, on selected structured fixed-income deals.
Compile monthly, quarterly, and annual payment and/or tax reports.
Coordinate with operations teams to ensure correct payments are received and made.
Conduct quality-control reviews of reports to meet timeliness and accuracy standards.
Interact with asset managers, investors, auditors, and rating agencies.

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.
Pension.