CLO Operations & Settlement Specialist

U.S. Bank; Boston (MA); Hybrid; USD 57,000 - 76,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) plan

Paid vacation

Paid holidays

Sick leave

Job summary

U.S. Bank in Boston, MA, seeks a CLO Deal Administrator to support daily and monthly reporting, reconciliations, and trade settlement within the CLO group of Global Corporate Trust.

You’ll gain hands-on exposure to CLO structures and build a strong foundation in financial operations through training and on-the-job learning. Ideal candidates have a finance-related bachelor's degree or equivalent experience, strong attention to detail, and excellent communication skills to interact with clients

Qualifications

• Bachelor's degree in finance or related field or equivalent work experience.
• Strong organizational skills and attention to detail.
• Ability to manage multiple priorities, deadlines, and clients simultaneously.
• Strong written and verbal communication skills.

Responsibilities

• Serve as the primary operational contact for assigned CLO clients.
• Perform frontline administration for CLO portfolios, ensuring accuracy and timeliness.
• Reconcile cash, positions, and portfolio activity across accounts.
• Apply and process wires (sending and receiving).
• Settle bank loan and bond trades and manage trade lifecycle activity.
• Read and interpret deal notices and indenture-related documentation.
• Book cash inflows and outflows and invest excess cash as directed.
• Track asset attributes including accruals, ratings, and industry classifications.
• Produce and distribute daily, monthly, and quarterly client and investor reports.
• Communicate regularly with clients, portfolio managers, middle office teams, agents, and law firms.

Skills

Attention to detail

Excel

Time management

Communication skills

Analytical thinking

Education

Bachelor's degree in finance or related field

Tools

Microsoft Excel

Job description

U.S. Bank in Boston, MA, seeks a CLO Deal Administrator to support daily and monthly reporting, reconciliations, and trade settlement within the CLO group of Global Corporate Trust.

You’ll gain hands-on exposure to CLO structures and build a strong foundation in financial operations through training and on-the-job learning. Ideal candidates have a finance-related bachelor's degree or equivalent experience, strong attention to detail, and excellent communication skills to interact with clients