CLO Loan/Asset Administrator 1

U.S. Bank; Chicago (IL); On-site; USD 54,000 - 71,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

Life insurance

Disability - short and long term

Parental leave

401(k) retirement plan

Paid vacation

Up to 11 paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank in Chicago is seeking a detail-oriented financial operations professional to help manage portfolio activity and investor reporting. The role focuses on reconciling cash across bond and investment portfolios, researching payment differences, and ensuring access to information for stakeholders.

You will forecast future payments, maintain accurate records, and collaborate with internal teams and external providers to resolve exceptions. Strong analytical skills are essential.

Qualifications

• Typically an Associate's or Bachelor's degree, or equivalent work experience.
• Typically less than two years of relevant work experience.
• Experience in banking, finance, lending, accounting support, or financial operations.
• Understanding of basic financial concepts, including interest calculations and payment processing.
• Strong analytical and problem-solving abilities.
• Ability to identify discrepancies, research issues, and determine appropriate resolutions.
• Excellent organizational skills and attention to detail.
• Ability to manage multiple priorities in a fast-paced environment.
• Strong communication and collaboration skills.
• Proficiency with Microsoft Office applications and the ability to learn new systems quickly

Responsibilities

• Reconcile cash activity and balances across assigned bond and investment portfolios.
• Review and research differences between projected and actual payments received.
• Investigate discrepancies using financial reports, governing documents, and multiple internal and external resources.
• Support investor reporting activities and ensure appropriate access to information.
• Forecast future payments by analyzing balances, interest rates, payment schedules, and other financial data.
• Maintain accurate portfolio records and documentation.
• Monitor outstanding issues and partner with internal teams and external providers to resolve exceptions.
• Navigate multiple systems and reports to ensure accurate and timely portfolio processing.

Skills

Analytical thinking

Problem solving

Attention to detail

Communication

Collaboration

Organizational skills

Learning new systems

Education

Bachelor's degree or higher

Tools

Microsoft Office

Job description

Job Description

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Key Responsibilities

• Reconcile cash activity and balances across assigned bond and investment portfolios.
• Review and research differences between projected and actual payments received.
• Investigate discrepancies using financial reports, governing documents, and multiple internal and external resources.
• Support investor reporting activities and ensure appropriate access to information.
• Forecast future payments by analyzing balances, interest rates, payment schedules, and other financial data.
• Maintain accurate portfolio records and documentation.
• Monitor outstanding issues and partner with internal teams and external providers to resolve exceptions.
• Navigate multiple systems and reports to ensure accurate and timely portfolio processing.

Basic Qualifications

• Typically an Associate's or Bachelor's degree, or equivalent work experience
• Typically less than two years of relevant work experience

Preferred Qualifications

• Experience in banking, finance, lending, accounting support, or financial operations.
• Understanding of basic financial concepts, including interest calculations and payment processing.
• Strong analytical and problem-solving abilities.
• Ability to identify discrepancies, research issues, and determine appropriate resolutions.
• Excellent organizational skills and attention to detail.
• Ability to manage multiple priorities in a fast-paced environment.
• Strong communication and collaboration skills.
• Proficiency with Microsoft Office applications and the ability to learn new systems quickly

What Will Help You Succeed

Successful candidates are naturally curious, enjoy working with numbers and financial data, and take ownership of their work. They are comfortable learning new systems, investigating issues independently, and balancing accuracy with productivity. Finance, banking, lending, or related experience can provide a strong foundation for success in this role. This role requires working from a U.S Bank location three (3) or more days per week. If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

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
• Review our full benefits available by employment status here.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

Pay Range

Pay Range: $25.77 - $34.33

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures. Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies. Posting may be closed earlier due to high volume of applicants.