CLO Loan/Asset Administrator 1

U.S. Bank; Chicago (IL); On-site; USD 36,000 - 47,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement

Paid vacation and holidays

Disability insurance

Life insurance

Job summary

U.S. Bank is seeking a CLO Loan/Asset Administrator 1 to join Global Corporate Trust in Chicago, IL. The role supports complex bond portfolios, performs cash reconciliations, and assists with investor reporting across multiple financial systems.

Ideal candidates have an associate or bachelor’s degree and up to two years of relevant experience, with strong analytical abilities, attention to detail, and solid communication skills to collaborate with internal and external partners.

Qualifications

• Typically an Associate's or Bachelor's degree, or equivalent work experience.
• Typically less than two years of relevant work experience.
• Strong analytical and problem-solving abilities.

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

Banking experience

Analytical skills

Attention to detail

Communication skills

Education

Associate's or Bachelor's degree

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.

Job Description

At U.S. Bank, we're committed to helping our customers and communities make smarter financial decisions while enabling growth and success. As a CLO Loan/Asset Administrator 1, you'll join a team within Global Corporate Trust that supports complex bond and structured finance portfolios for institutional investors. This role is ideal for someone who enjoys working with financial data, solving problems, investigating discrepancies, and ensuring critical portfolio information is accurate. You'll work across multiple financial systems and reports to monitor portfolio activity, reconcile balances, forecast future payments, and support investor reporting. If you're detail-oriented, analytical, and interested in building a career in banking or financial operations, this is an excellent opportunity to develop specialized industry knowledge while working alongside experienced professionals.

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.

Work Arrangement

Position location: Chicago, IL. Mandatory overtime is required during month-end and quarter-end periods to support business needs. 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

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind.

• 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.

Equal Opportunity Statement

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.

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

Additional Eligibility and Background Checks

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.

Closing Note

Posting may be closed earlier due to high volume of applicants. 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.