Loan Agency Portfolio Administrator - Collateralized Loan Obligation

U.S. Bank; Chicago (IL); Hybrid; USD 32,000 - 41,000; Full time

Benefits offered by this job

Healthcare

Life insurance

Disability

Parental leave

Retirement plan 401(k)

Paid vacation

Paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank Global Corporate Trust Services is seeking a CLO Loan Agency Portfolio Administrator to settle bond and bank loan trades, invest excess cash as directed by the Portfolio Manager, and book all cash inflows and outflows to the portfolio.

The role tracks asset attributes and produces regular client reports, while supporting Analysts with investor reporting and ensuring data accuracy. The position requires a Bachelor's degree in finance or related field (or equivalent), typically with less

Qualifications

• Bachelor's degree in finance or related field or equivalent work experience
• Typically less than two years of relevant work experience

Responsibilities

• Settle bond and bank loan trades and invest excess cash as directed by Portfolio Manager
• Book all cash inflows and outflows to the portfolio
• Track asset attributes such as accrual information, ratings and industry codes
• Produce daily, monthly and quarterly client reports
• Support Analysts with investor reporting and ensure data accuracy and timely resolution of exceptions

Education

Bachelor's degree in finance or related field

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.

Job Description

Job Description U.S. Bank Global Corporate Trust Services is one of the largest providers of corporate trust services in the world. Our clients look to us for trustee, agency, escrow, document custody and money market issuing services via our 48 domestic offices and three international offices. The Collateralized Loan Obligation Group (CLO) is a division within Global Corporate Trust and Custody. CLOs are structured finance vehicles that issue both debt and equity liabilities, with the proceeds being used to buy a portfolio of collateral. Typical types of collateral include syndicated bank loans, corporate bonds, ABS, MBS, and Mezzanine debt. Investors can choose between a variety of risk return options.

Key Responsibilities

Key responsibilities of the CLO Loan Agency Portfolio Administrator include settling bond and bank loan trades, investing excess cash as directed by the Portfolio Manager, and booking all cash inflows and outflows to the portfolio.

The role is responsible for tracking asset attributes such as accrual information, ratings, and industry codes, and for producing daily, monthly, and quarterly client reports.

They will also support Analysts with investor reporting and ensure the accuracy and timeliness of data through proper booking, reconciliation, and resolution of exceptions.

Basic Qualifications

• Bachelor's degree in finance or related field, or equivalent work experience
• Typically less than two years of relevant work experience

Preferred Qualifications

• Strong organizational skills with exceptional attention to detail
• Basic understanding of indenture documentation and analytical skills
• Ability to manage multiple priorities, deadlines, and clients simultaneously
• Effective written and verbal communication skills
• Ability to interpret data and resolve discrepancies
• High stress tolerance and resilience in a deadline‑driven environment
• Proficiency in Microsoft Excel
• Strong computer navigation skills across Microsoft Office applications

Location Expectations

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

Office location is in Charlotte, NC.

This position is not eligible for visa sponsorship, and does not support STEM OPT.

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.

Equal Opportunity and E‑Verify

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 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.

Salary

Pay Range: $22.50 - $30.00

Compliance and Background Checks

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).

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.

Closing Remarks

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 you excel at at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.