Trust Reporting Analyst - Collateralized Loan Obligation

U.S. Bank; Charlotte (NC); On-site; USD 67,000 - 78,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

Life insurance

Short-term and long-term disability

401(k) and employer-funded retirement

Paid vacation

Paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank Global Corporate Trust Services is seeking a CLO Trust Reporting Analyst 2 in Charlotte, NC to support reporting on structured finance vehicles. The role involves reading indentures, creating report specs, and configuring payment calculations across multiple in-house systems.

The candidate will map and reconcile collateral data, conduct tax-related tasks as needed, and produce monthly, quarterly and annual reports while coordinating with asset managers and auditors.

Qualifications

• Bachelor’s degree or equivalent work experience.
• Two to three years of relevant work experience.
• Proficient in interpreting data and identifying exceptions.

Responsibilities

• Read and interpret trust indentures and reporting requirements.
• Create technical report specifications from indenture language.
• Set up payment calculations in in-house systems.
• Receive, map and reconcile periodic collateral data.
• Compile monthly, quarterly and annual payment and tax reports.

Skills

Syndicated loans

Fixed income

Securitization

Trading

Mutual funds

Interpersonal skills

Verbal communication

Written communication

Education

Bachelor’s degree in business, finance, economics, accounting or related field

Tools

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

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 Debt Obligation (CDO) and Global Structured Finance (GSF) groups are divisions within U.S. Bank Global Corporate Trust Services and provide services on structured finance vehicles that issue both debt and equity liabilities, the proceeds of which are used to buy a portfolio of collateral such as syndicated bank loans, corporate bonds, ABS, MBS, CMBS and Mezzanine debt. These services include Trust Reporting, which requires review of the deal documents, set up of cashflow priorities, collection of periodic asset activity data, reporting to bondholders, and when required, trust tax reporting.

Essential Functions of the CLO Trust Reporting Analyst 2

• Read and interpret trust indentures with regard to reporting requirements.
• Create technical report specifications from indenture language.
• Set up payment calculations in a variety of in-house systems.
• Receive, map and reconcile periodic collateral data.
• As required, make tax elections, file for EIN’s, and track residual holder transfers.
• As required, perform portfolio compliance tests on a selection of structured fixed income deals (trade testing).
• Compile monthly, quarterly and annual payment and/or tax reports.
• Coordinates with operations teams to ensure correct payments are received and made.
• Perform quality control review of reports, meeting timeliness and accuracy standards.
• Frequent interaction with asset managers, investors, auditors and rating agencies.

Basic Qualifications

• Bachelor’s degree in business, finance, economics, accounting or related field, or equivalent work experience.
• Two to three years of relevant work experience.

Preferred Skills / Experience

• Basic understanding of syndicated bank loans, fixed income securities, securitization, trading or mutual funds.
• Ability to identify and resolve exceptions and to interpret data.
• Effective interpersonal, verbal and written communication skills.
• Ability to perform multiple tasks and meet established deadlines in a dynamic working environment with minimal supervision.
• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications.

This position is not eligible for visa sponsorship. 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

• 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: $66,640.00 - $78,400.00 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.

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.