Bank Loans Specialist — Operational Impact & Growth

State Street Corporation; Quincy (MA); On-site; USD 52,000 - 94,000; Full time

Benefits offered by this job

401K plan with company match

Health and life insurance

Paid time off and holidays

Employee Assistance Program

Job summary

State Street Corporation is seeking a detail-oriented operations professional to support Client Operations and Shared Services by monitoring custody events, processing trades, reconciling cash balances, and producing daily and ad hoc client reports. The role emphasizes accuracy, timely responses to inquiries, and escalation of issues when needed.

You will interact with Investment Managers, handle loan notices, and support the NAV calculation process.

Responsibilities

• Monitor and process custody related events to the fund’s records accurately and timely.
• Follow up on exceptions and facilitate timely problem resolution to mitigate risk.
• Maintain records for Syndicated Bank Loans held in various portfolios.
• Process trades, book receipts and disbursements.
• Daily reconciliation of cash balances.
• Produce daily roll-forward holdings and accrual information.
• Prepare standard and ad hoc reporting for internal and external customers.
• Respond to customer queries daily.
• Process bank loan notices from agent banks.
• Interact with Investment Manager on portfolios and report per client guidelines.
• Provide loan related reports for NAV calculation.
• Identify unusual or suspicious activity and escalate as required.
• Research and resolve exceptions and issues.
• Handle inquiries promptly and communicate with clients.
• Complete ad-hoc requests and escalate unresolved issues.
• Perform daily/weekly team reporting and adhere to SOPs.

Job description

State Street Corporation is seeking a detail-oriented operations professional to support Client Operations and Shared Services by monitoring custody events, processing trades, reconciling cash balances, and producing daily and ad hoc client reports. The role emphasizes accuracy, timely responses to inquiries, and escalation of issues when needed.

You will interact with Investment Managers, handle loan notices, and support the NAV calculation process.