Trust Reporting Analyst - Collateralized Loan Obligation (multiple levels)
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 such as syndicated bank loans, corporate bonds, ABS, MBS, CMBS, and mezzanine debt. Trust Reporting work involves reviewing deal documents, establishing cashflow priorities, collecting periodic asset activity data, reporting to bondholders, and handling trust tax reporting when required. The CLO Trust Reporting Analyst role is offered at multiple levels and is open to candidates with at least two years of experience. The successful candidate’s level will align with their experience. The analyst interprets trust indentures and reporting requirements, develops technical report specifications, configures payment calculations in in-house systems, processes collateral data, performs portfolio compliance testing, and compiles payment and tax reports. The role also coordinates with operations and interacts with asset managers, investors, auditors, and rating agencies. The role requires working from a U.S. Bank location three or more days per week. It 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.
- Ability to identify and resolve exceptions and 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.
- 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.
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.
- As required, make tax elections, file for EINs, 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.
- Coordinate with operations teams to ensure correct payments are received and made.
- Perform quality control review of reports, meeting timeliness and accuracy standards.
- Interact frequently with asset managers, investors, auditors, and rating agencies.
Benefits
- Healthcare benefits including medical, dental, and vision coverage.
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
