CLO Portfolio Administrator

U.S. Bank National Association • Charlotte, NC

2d • $23 - $30 • Hybrid

About The Position

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
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 option.
Key responsibilities of the CLO 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.
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. The office is located in Charlotte, NC.

Requirements

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

Nice To Haves

• Strong organizational skills with a high level of attention to detail
• Basic ability to interpret indentures and apply analytical skills
• Effective verbal and written communication skills
• Ability to manage multiple tasks, projects, and deadlines simultaneously
• Ability to identify, investigate, and resolve exceptions and interpret data
• Proficiency navigating a variety of software applications, including Microsoft Office

Responsibilities

• Settling bond and bank loan trades
• Investing excess cash as directed by the Portfolio Manager
• Booking all cash inflows and outflows to the portfolio
• Tracking asset attributes such as accrual information, ratings, and industry codes
• Producing daily, monthly, and quarterly client reports
• Support Analysts with investor reporting
• Ensure the accuracy and timeliness of data through proper booking, reconciliation, and resolution of exceptions

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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level