Senior Loan Services Operations Specialist

State Street; Clifton (NJ); On-site; USD 52,000 - 94,000; Full time

Job summary

State Street is seeking a Loan Services Operations professional in New Jersey to manage syndicated bank loans across mutual funds and structured portfolios. The role requires handling trades, reconciliations, and daily reporting for SSC clients while maintaining strict deadlines in a high-volume environment.

Ideal candidates have 1–3 years in financial services, experience with bank loan assets, and proficiency in Wall Street Office.

Qualifications

• BS/BA degree required. Must have a minimum of 1-3 years of related experience, preferably in financial services industry.
• Experience in working with Bank Loan asset class required.
• Proficiency with Wall Street Office (WSO)

Responsibilities

• Performs daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios for various SSC clients.
• Processing trades, booking receipts and disbursements
• Daily reconciliation of cash balances
• Producing daily roll-forward proof of portfolio holdings and accrual information
• Preparing standard and ad hoc reporting for both internal and external customers
• Responding to customer queries on a daily basis
• Daily processing of bank loan notices as received from agent banks
• Other tasks as needed

Skills

Critical thinking

Interpersonal skills

Team collaboration

Education

BS/BA degree

Tools

WSO

Job description

State Street is seeking a Loan Services Operations professional in New Jersey to manage syndicated bank loans across mutual funds and structured portfolios. The role requires handling trades, reconciliations, and daily reporting for SSC clients while maintaining strict deadlines in a high-volume environment.

Ideal candidates have 1–3 years in financial services, experience with bank loan assets, and proficiency in Wall Street Office.