State Street

Loans Operations Associate 2

State Street

full-time

Posted on:

Location Type: Office

Location: Quincy • Massachusetts • United States

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Salary

💰 $41,600 - $66,560 per year

About the role

  • Monitoring and processing custody related events to the fund’s records accurately and timely
  • Performing daily maintenance and record keeping for Syndicated Bank Loans
  • Processing trades, booking receipts and disbursements
  • Daily reconciliation of cash balances
  • Preparing standard and ad hoc reporting for both internal and external customers
  • Responding to customer queries and ensuring resolution
  • Assisting management in the implementation of new policies and procedures

Requirements

  • Support and assist Client Operations and other operational Shared Service teams/ Center of Excellence (COE’s)
  • Monitor and process custody related events accurately and timely
  • Ensure prompt follow up on exception situations and facilitate timely problem resolution
  • Perform daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios
  • Process trades, book receipts and disbursements
  • 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
  • Daily processing of bank loan notices as received from agent banks
  • Interact with the Investment Manager on their assigned portfolios
  • Research and resolve exceptions and issues
  • Provide Loan related reports to be incorporated into the final NAV Calculation
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 our Employee Assistance Program
  • incentive compensation including eligibility for annual performance-based awards
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
custody processingrecord keepingSyndicated Bank Loanstrade processingcash reconciliationreportingportfolio holdingsaccrual informationNAV Calculation
Soft Skills
customer serviceproblem resolutioncommunicationattention to detailcollaboration