Collateralized Loan Obligation (CLO) Administrator

US Bank • Boston, MA

391d • $65,104 - $95,472

About The Position

The Collateralized Loan Obligation (CLO) Administrator role at U.S. Bank involves managing and overseeing the operations related to CLOs, which are structured finance vehicles that issue debt and equity liabilities. The position is part of the Global Corporate Trust and Custody division and requires a strong understanding of financial instruments, as well as the ability to provide accurate reporting and data management. The role offers a hybrid work schedule, allowing for flexibility in work location while maintaining in-office expectations.

Requirements

• Bachelor's degree in finance or related field, or equivalent work experience.
• Typically two to four years of relevant work experience.

Nice To Haves

• Strong organizational skills and detail-oriented.
• Basic indenture interpretation abilities and analytical skills.
• Effective verbal and written communication skills.
• Ability to manage multiple tasks/projects and deadlines simultaneously.
• Ability to identify and resolve exceptions and interpret data.
• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications.

Responsibilities

• Settles bond/bank loan trades and invests excess cash as directed by the Portfolio Manager.
• Books cash inflows/outflows to the portfolio.
• Tracks asset attributes such as accrual information, rating, industry codes, etc.
• Provides reports to clients on a daily/monthly/quarterly basis.
• Assists Analysts with reporting to investors.
• Ensures accuracy and timeliness of data through proper booking and reconciliation of account activity.

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: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 10,001+ employees