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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

We are seeking a self-motiving and analytical Loan Asset Administrator to join our Collateralized Loan Obligation (CLO) group. The Collateralized Loan Obligation (CLO) is a specialized division within Global Corporate Trust and Custody. CLOs are structured finance vehicles that issue both debt and equity liabilities, using the proceeds to purchase a portfolio of collateral. This role is critical to the daily operations and integrity of CLO reporting and reconciliation processes. An ideal candidate will display a high level of self-motivation, curiosity, and problem-solving ability.

**Key Responsibilitie** s:

+ Manage daily CLO system operations and global issue tracker reports to ensure accuracy and timeliness.

+ Set up new portfolios, assets, and cash mapping inputs into the CLO system.

+ Process Agent Bank notices and research discrepancies between portfolios with the same bond using report data.

+ Download trustee reports and place them into a centralized repository.

+ Perform bond reconciliation across corporate, municipal, and mortgage-backed securities (retail and commercial).

+ Investigate discrepancies between projected and received funds by reconciling data from DTC, trustee reports, Bloomberg, and internal systems.

+ Ensure accurate accounting entries in the CDO suite for payments made to investors, including principal, interest, and projected amounts.

+ Clear past dues and unapplied balances by coordinating with Trustees and Agent Banks.

+ Facilitate trust investor reporting by managing external access requests from rating agencies, collateral managers, and investors via Pivot or STR.

+ Balance assigned deals daily by 9:30 AM, ensuring all incoming funds are properly booked and reconciled in the CDO suite.

+ Communicate with internal teams to resolve transaction breaks and ensure proper booking of principal, interest, and money market transactions.

Basic Qualifications

+ Typically an Associate's or Bachelor's degree, or equivalent work experience

+ Typically less than two years of relevant work experience

Preferred Skills/Experience

+ Strong organizational skills and detail-oriented

+ Basic knowledge of assigned functional area, including applicable systems, policies, procedures, and regulatory requirements

+ Effective interpersonal and customer relation skills

+ Ability to manage multiple tasks/projects and deadlines simultaneously

+ Ability to identify and resolve exceptions and interpret data

+ Ability

+ Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

Location Expectations

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.

**Location Requirement:** Candidates must reside in or near Chicago. IL

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

+ 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

E-Verify

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $25.77 - $34.33

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.