Bank Loan Servicing, Officer

About the Role

We are looking for a Loan Services Specialist 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. This role is crucial to the overall success of our organization, as institutional investors globally rely on us to manage risk, respond to challenges, and drive performance and profitability.

In this role, you will help build resilience and execute day-to-day deliverables while striving for cutting-edge, straightforward, and scalable solutions. If you are eager to make your mark in the financial services industry from day one, this challenge is for you.

Responsibilities

• Perform daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios for 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 daily bank loan notices as received from agent banks.
• 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 to provide loan-related reports for incorporation into the final NAV calculation.
• Identify any unusual or potentially suspicious transaction activity and report or escalate in accordance with corporate policy and relevant operating procedures.
• Perform other tasks as needed.

Skills & Qualifications

• Strong critical thinking, problem-solving, and decision-making skills.
• Strong interpersonal skills and ethical decision-making ability.
• 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 clients safeguard and steward the investments of millions. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients.

We offer a great work environment with competitive and comprehensive benefits packages, which vary by location but may include generous medical care, insurance, savings plans, and other perks. Employees have access to flexible work programs, wealth development programs, and educational support to reach their full potential.

We value inclusion, diversity, and social responsibility, believing that diverse backgrounds, experiences, and perspectives drive innovation and success. We welcome candidates of diverse origins, backgrounds, abilities, ages, sexual orientations, gender identities, and personalities. Active engagement with our communities is also a fundamental value at State Street.

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.

Benefits

• Retirement savings plan (401K) with company match.
• Insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages.
• Paid-time off including vacation, sick leave, short-term disability, and family care responsibilities.
• Access to Employee Assistance Program.
• Incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans).
• Eligibility for certain tax-advantaged savings plans.
• Paid volunteer days.
• Matching gift programs.
• Access to employee networks for staying connected to what matters.