Bank Loan Servicing, Officer

We are seeking a detail-oriented professional 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.

Why this role is important to us

The team you will join plays a critical role in our organization’s success. Institutional investors worldwide rely on us to help them manage risk, respond to challenges, and drive performance and profitability. In this role, you will contribute to cutting-edge, scalable solutions while building resilience and executing 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 SSC clients.
• Process new trades and trade settlements on accounting records.
• Reconcile cash balances daily.
• 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.
• Interact with investment managers on assigned portfolios, fulfilling ad-hoc requests and providing daily reporting per client-specific guidelines.
• Work closely with mutual fund counterparts to provide loan-related reports for incorporation into the final NAV calculation.
• Identify and report or escalate any unusual or potentially suspicious transaction activity in accordance with corporate policy and operating procedures.
• Perform other tasks as needed.

Skills

• 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 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 and analytics, investment research and trading, and investment management to institutional clients.

Benefits

• Competitive and comprehensive benefits packages, including generous medical, dental, vision, and insurance coverage.
• 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.
• Flexible work programs to match individual needs.
• Paid volunteer days and matching gift programs.
• Access to employee networks for connection and support.

Pay

Salary range: $70,000 - $122,500 annually. The range applies to the primary location specified; if the role is based outside this location, the applicable range may differ.