Job Description
State Street's Loan Services Group Overview
State Street's Loan Services group has been servicing the institutional loan asset class since 1989 and is one of the industry's leading service providers for this complex investment.
The group provides custody, accounting, and loan administration to a diverse client base across the global organization.
Key Responsibilities
* Monitor, review, and perform daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios.
* Work closely with various State Street processing groups (e.g., Client Service, Accounting Operations, etc.) to service clients investing in institutional loans.
* Perform and oversee employees processing trades, booking receipts and disbursements, receive new funds, calculate and process fund and account activities.
* Research and resolve exceptions, reconciliations, incorrect transactions, and issues.
* Produce daily roll-forward proof of portfolio holdings and accrual information.
* Support the production of financial, performance, and/or quality reports for clients, shareholders, directors, and management as needed.
* Receive and resolve inquiries in a timely and accurate manner and communicate effectively with clients when necessary.
* Escalate unresolved issues to management as required.
* Maintain knowledge of current alternative procedures and processes.
* Prepare and verify information for various projects/special requests as directed.
* Support training of new hires as necessary.
* Provide coverage in absence of team members.
* Identify any unusual or potentially suspicious transaction activity and report/escalate according to corporate policy and guidelines.
Requirements
* Associate's degree with business-related coursework; B.S. degree in Accounting or Finance preferred.
* 1-3 years experience in accounting, finance, mutual fund operations, loan servicing, or related careers preferred.
* Technical knowledge of bank loans and bank loan processing strongly preferred.
* Ability to coordinate work of others.
* Strong computer competence: Microsoft Excel, Microsoft Word, and MCH; Wallstreet Office strongly preferred.
* Aptitude for math.
* Strong interpersonal skills and oral communication skills.
* Multitasking capability.
* Ability to work under pressure/deadlines driven environment.