Bank Loan Servicing, Officer

We are seeking a candidate with a deep understanding of servicing bank loan debt held in complex global fund structures. The ideal candidate will have a background in client management, strong critical thinking skills, and the ability to meet aggressive deadlines in a high-volume work environment.

About the role

The team you will be joining plays a critical role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. In this role, you will strive for cutting-edge, straightforward, and scalable solutions while helping us build resilience and execute day-to-day deliverables at our best.

Responsibilities

• Perform daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios for various SSC clients.
• Process new trades and trade settlements on accounting records.
• Conduct daily reconciliation of cash balances.
• Produce daily roll-forward proof of portfolio holdings and accrual information.
• Prepare standard and ad-hoc reporting for both internal and external customers.
• Respond to customer queries on a daily basis.
• Process bank loan notices as received from agent banks daily.
• Interact with the Investment Manager on assigned portfolios, performing ad-hoc requests and providing daily reporting per client-specific guidelines.
• Work closely with your mutual fund counterpart, providing loan-related reports to be incorporated into the final NAV calculation.
• Identify any unusual or potentially suspicious transaction activity during day-to-day operations and report or escalate in accordance with corporate policy and relevant operating procedures.
• Perform other tasks as needed.

Qualifications

• Strong critical thinking, problem-solving, and decision-making skills.
• Strong interpersonal skills and ethical decision-making.
• Ability to work in a team environment with an emphasis on collaboration with both clients and other internal service teams.

About State Street

State Street is one of the largest custodian banks, asset managers, and asset intelligence companies in the world. For over two centuries, we’ve helped our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients.

Benefits

We offer competitive and comprehensive benefits packages, which vary by location but may include:

• Generous medical, dental, and vision insurance.
• Retirement savings plan (401K) with company match.
• Paid-time off, including vacation, sick leave, short-term disability, and family care responsibilities.
• Employee Assistance Program.
• Incentive compensation, including eligibility for annual performance-based awards.
• Tax-advantaged savings plans.
• Paid volunteer days and matching gift programs.
• Access to employee networks for staying connected to what matters to you.

Pay

Salary Range: $70,000 - $122,500 Annual. The range applies to the role in the primary location specified. If the candidate works outside of the primary location, the applicable range may differ.