CLO Loan/Asset Administrator - Multiple Levels

Socket.dev; Saint Paul (MN); Hybrid; USD 69,285,000 - 92,295,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

Life insurance

Disability insurance

Parental leave

401(k) and retirement plan

Paid vacation

Paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank is seeking a CLO Operations Specialist in Saint Paul, MN to support the CLO Group by maintaining loan and asset data, processing payments, researching discrepancies and ensuring timely issue resolution.

The role emphasizes data handling in a fast-paced financial setting. The position offers a hybrid work arrangement, with on-site presence, and opportunities to collaborate with agent banks, trustees and internal teams.

Qualifications

• Typically an Associate's or Bachelor's degree, or equivalent work experience
• Typically less than two years of relevant work experience
• Strong organizational skills and detail-oriented
• Effective interpersonal and customer relation skills
• Ability to identify and resolve exceptions and interpret data
• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

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.

Skills

Strong organizational skills

Detail-oriented

Interpersonal skills

Customer relations skills

Ability to manage multiple tasks

Identify and resolve exceptions

Proficient with Microsoft Office

Education

Associate's or Bachelor's degree

Tools

CLO systems

Microsoft Office

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.

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

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. Our benefits include the following:

• 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 requirements). Pay Range: $24.18 - $32.21

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.