Bank Loans - Senior Associate

STATE STREET CORPORATION; Hyderabad; On-site; INR 900,000 - 1,300,000; Full time

Job summary

STATE STREET CORPORATION in India is seeking a Bank Loan Specialist with experience in loan syndication and custody reconciliation to support Client Operations and COE teams by monitoring and processing custody events to ensure accuracy and timeliness in fund records.

You will handle trade processing, daily cash reconciliations, and daily reporting, collaborating with the Investment Manager and mutual fund counterparts, while maintaining compliance with SOPs and escalating issues as needed.

Qualifications

• Bachelor or Master in Accounting or MBA Finance.
• Knowledge of loan syndication, LSTA & LMA preferred.
• Ability to adhere to strict timelines.
• Good interpersonal and communication skills.
• Willing to work in NA shifts.

Responsibilities

• Processing trades, booking receipts and disbursements.
• Daily cash balance reconciliations.
• Produce daily roll-forward and accrual reports.
• Prepare standard and ad hoc client reporting.
• Respond to customer inquiries daily.
• Process bank loan notices from agent banks.
• Coordinate with Investment Manager on portfolios.
• Provide loan reports for NAV calculation.
• Identify unusual or suspicious transactions and escalate per policy.
• Research and resolve exceptions.
• Resolve inquiries timely and communicate with clients.
• Complete ad-hoc requests successfully.
• Escalate unresolved issues to management.
• Perform daily/weekly activity reporting.
• Ensure adherence to SOPs.
• Stay updated on broader business issues.
• Assist in policy implementation and projects.
• Assist with workflow improvements and training.

Skills

Interpersonal communication

Time management

Education

Bachelor/Masters in Accounting/MBA Finance

Job description

Who we are looking for

As a Bank Loan Specialist with experience in Loan Syndication (LSTA & LMA) Secondary Loan trading, Participation trades, Accounting and Custody reconciliation, the ideal candidate will support and assist Client Operations and other operational Shared Service teams/ Center of Excellence (COE’s) by monitoring and processing custody related events to the fund’s records accurately and timely. Ensure prompt follow up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients.

Responsibilities

• Processing trades, booking receipts and disbursements
• Daily reconciliation of cash balances
• Producing daily roll-forward proof of portfolio holdings and accrual information
• Preparing standard and ad hoc reporting for both internal and external customers
• Responding to customer queries daily
• Daily processing of bank loan notices as received from agent banks
• Interact with the Investment Manager on their assigned portfolios, inputting/settling trades, performing ad hoc requests and providing daily reporting per client specific guidelines
• The individual will work closely with their mutual fund counterpart, providing Loan related reports to be incorporated into the final NAV Calculation.
• During normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/orescalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
• Research and resolve exceptions and issues
• Receive and resolve inquiries in a timely and accurate manner and communicates effectively with client when necessary
• Define and ensure successful completion of ad-hoc requests
• Escalate unresolved issues to management as required
• Perform daily or weekly reporting functions for the team’s activities
• Ensure adherence to Standard Operating Procedures
• Keep up to date on broader internal/external business issues; applies knowledge across team
• Assist management in the implementation of new policies and procedures, participates in projects
• Assist with workflow management and technology enhancements., make suggestions to streamline operations
• Maintain knowledge of current alternative procedures and processes
• Support training of new hires as necessary

Education & Preferred Qualifications

• Bachelor / Masters in Accounting/MBA Finance

Additional Requirements

• Ability to adhere to strict timelines
• Good interpersonal and communication skills
• Ability to work under tight timelines
• Willing to work in NA shifts.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Read our CEO Statement

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers