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 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. Your work will help navigate employees and the organization as a whole, delivering cutting-edge, straightforward, and scalable solutions. You will contribute to 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.
• 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.
• 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 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 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.

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.
• Eligibility for certain tax-advantaged savings plans.
• Flexible Work Programs to match your needs.
• Paid volunteer days and matching gift programs.
• Access to employee networks for staying connected to what matters.
• Inclusive development opportunities and educational support to help you reach your full potential.

We are committed to fostering an inclusive environment where every employee feels valued and empowered to thrive. We welcome candidates of diverse origins, backgrounds, abilities, ages, sexual orientations, gender identities, and personalities.

Pay

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