Trust Reporting Analyst - Collateralized Loan Obligation

US Bank; Chicago (IL); Hybrid; USD 65,000 - 90,000; Full time

Benefits offered by this job

Healthcare

Life Insurance

Hybrid schedule

Job summary

U.S. Bank Global Corporate Trust Services seeks a CLO Trust Reporting Analyst to support trust reporting, collateral data reconciliation, compliance testing, and investor reporting. You will handle multiple complex transactions in a fast-paced environment, with exposure to CLO/CDO products.

The role involves reading indentures, mapping cash flows, and coordinating with internal teams to ensure timely reports. Hybrid schedule; Chicago, IL location; not eligible for visa sponsorship.

Qualifications

• Bachelor's degree in business, finance, economics, accounting or related field, or equivalent work experience.
• Less than two years of relevant work experience.

Responsibilities

• Read, interpret, and apply trust indentures and related documents for reporting.
• Translate indenture language into report specs and cash flow logic.
• Set up and maintain payment calculations and reporting structures.
• Receive, map, reconcile, and validate collateral activity data.
• Compile monthly, quarterly, and annual investor reports.

Skills

Analytical thinking

Attention to detail

Communication

Time management

Independent work

Education

Bachelor's degree in business/finance/economics/accounting

Less than two years of relevant work experience

Tools

Excel

Pivot Tables

XLOOKUP

Outlook/Teams

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 worldwide. Through 48 domestic offices and three international offices, we deliver trustee, agency, escrow, document custody, and money market issuing services to a diverse global client base.

The Collateralized Loan Obligation (CLO) and Global Structured Finance (GSF) groups are specialized divisions within Global Corporate Trust Services. These teams support structured finance vehicles that issue debt and equity securities backed by portfolios of syndicated bank loans, corporate bonds, ABS, MBS, CMBS, and mezzanine debt.

The CLO Trust Reporting Analyst supports these vehicles by performing trust reporting, collateral data reconciliation, compliance testing, and investor reporting. This role requires strong analytical skills, attention to detail, and the ability to manage multiple complex transactions simultaneously in a fast-paced environment. No two days are the same, and the role offers significant exposure to CLO and CDO products.

Essential Functions

• Read, interpret, and apply trust indentures and related legal documents to determine reporting and compliance requirements
• Translate indenture language into technical report specifications and cash flow logic
• Set up and maintain payment calculations and reporting structures within proprietary systems
• Receive, map, reconcile, and validate periodic collateral and asset activity data
• Perform portfolio compliance and trade testing on structured fixed income deals, as required
• Compile and deliver monthly, quarterly, and annual investor, payment, and/or tax reports
• Make tax elections, apply for EINs, and track residual holder transfers when required
• Coordinate closely with internal operations teams to ensure accurate and timely receipt and distribution of cash flows
• Perform quality control reviews to ensure reports meet established accuracy and timeliness standards
• Interact regularly with asset managers, clients, investors, auditors, rating agencies, and internal middle-office and cash administration teams
• Liaise with third-party administrators and internal U.S. Bank administration teams managing cash accounts
• Provide timely data and reporting deliverables to clients and external auditors

Daily Responsibilities

• Run daily, monthly, and quarterly reports
• Reconcile data across multiple sources and resolve exceptions
• Send reporting outputs and data packages to clients
• Manage approximately 10 active deals simultaneously
• Communicate via phone, email, and in-person with internal teams, clients, and external auditors

Basic Qualifications

• Bachelor's degree in business, finance, economics, accounting or related field, or equivalent work experience
• Less than two years of relevant work experience

Preferred Skills/Experience

• Basic understanding of syndicated bank loans, fixed income securities, securitization structures, trading, or mutual funds
• Strong analytical skills with the ability to interpret data and identify discrepancies or exceptions
• Effective interpersonal, verbal, and written communication skills
• Ability to work independently while managing multiple priorities and deadlines in a dynamic environment
• Strong organizational and time-management skills
• Proficiency with Microsoft Office applications, including Outlook, Teams, and Excel
• Intermediate Excel skills, including pivot tables and XLOOKUP for reconciliation and analysis
• Familiarity with CDO or structured finance systems is helpful but not required

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 Chicago, IL.

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
• Sh