CLO Loan/Asset Administrator - Multiple Levels

US Bank; Saint Paul (MN); Hybrid; USD 65,000 - 90,000; Full time

Benefits offered by this job

Healthcare

Life insurance

Disability insurance

Parental leave

401(k)

Paid vacation

Paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank is seeking a detail-oriented professional to support CLO portfolios within Global Corporate Trust and Custody.

This role handles loan and asset information, processes financial transactions, researches discrepancies, and resolves operational issues in a fast-paced environment. Based in Saint Paul, MN with a hybrid schedule (about 60% on-site), the position offers growth opportunities and requires 2+ years of relevant experience.

Qualifications

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

Responsibilities

• Monitor daily reports and dashboards to resolve operational exceptions.
• Process agent bank notices, interest payments, rate settings, and paydowns.
• Maintain accurate loan and asset information within CLO systems.
• Research discrepancies and investigate missing payments or transactions.
• Collaborate with agent banks, trustees, and internal teams to resolve issues.
• Ensure activities are completed within deadlines.

Skills

Strong organizational skills

Detail-oriented

Proficient with Microsoft Office

Data interpretation

Education

Associate's or Bachelor's degree, or equivalent work experience

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

The Collateralized Loan Obligation (CLO) Group is part of Global Corporate Trust and Custody. This role supports CLO portfolios by maintaining accurate loan and asset information, processing financial transactions, researching discrepancies, and ensuring timely resolution of operational issues. The position is ideal for individuals who enjoy working with data, solving problems, and operating in a fast-paced financial environment.

Primary Responsibilities

• Monitor daily reports and dashboards to identify and resolve operational exceptions.
• Process agent bank notices, interest payments, rate settings, paydowns, and other loan-related activity.
• Maintain accurate loan and asset information within CLO systems and assigned portfolios.
• Research discrepancies and investigate missing payments, reports, or transaction activity.
• Partner with agent banks, trustees, and internal teams to resolve issues and obtain missing information.
• Process and track global activity impacting multiple deals and portfolios.
• Ensure activities are completed accurately and within required deadlines.

This role has multiple levels, open to candidates with 2 years of minimum experience in relevant work. The successful candidate will be hired for the level of the position that aligns with their experience. Please note that the salary range provided corresponds to the lowest level of the position posted.

Work Arrangement:

• Hybrid schedule with approximately 60% on-site attendance.
• Positions available in St. Paul, MN and Chicago, IL.
• Manditory 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.

Basic Qualifications:

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

Preferred Skills/Experience:

• Strong organizational skills and detail-oriented
• Basic knowledge of assigned functional area, including applicable systems, policies, procedures, and regulatory requirements
• Effective interpersonal and customer relation 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

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.

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.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requi