Senior Associate, Alternative Investment Services – Bank Loans Operations
State Street
Senior Associate, Alternative Investment Services, Bank Loans Operations
State Street
full-time
Posted on:
Location Type: Office
Location: Quincy • Massachusetts • 🇺🇸 United States
Visit company websiteSalary
💰 $52,000 - $94,120 per year
Job Level
Senior
About the role
- support and assist Client Operations and other operational Shared Service teams/ Center of Excellence (COE’s) by monitoring and processing custody related events
- Ensure prompt follow up on exception situations and facilitate timely problem resolution
- Performs daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios
- Processing new trades and trade settlements on accounting records
- Daily reconciliation of cash balances
- Producing daily roll-forward proof of portfolio holdings and accrual information
- Preparing standard and ad hoc reporting for both internal and external customers
- Responding to customer queries on a daily basis
- Daily processing of bank loan notices as received from agent banks
- Interact with the Investment Manager on their assigned portfolios
- Research and track resolution exceptions and issues
- Receive and resolve inquiries in a timely and accurate manner
Requirements
- BS/BA degree required.
- Must have a minimum of 1-3 years of related experience, preferably in financial services industry
- Experience in working with Bank Loan asset class required
- Proficiency with Wall Street Office (WSO)
Benefits
- our 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 our 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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
custody processingtrade settlementscash reconciliationportfolio reportingexception resolutionrecord keepingbank loan processingfinancial analysisdata trackingproblem resolution
Soft skills
customer servicecommunicationinterpersonal skillsorganizational skillsattention to detailtimelinessproblem-solvingcollaborationresponsivenessresearch skills