Bank Loans, Associate 2

Job Description

Role Overview:As a Bank Loan Specialist, Associate 2 at State Street, you will play a crucial role in supporting and assisting Client Operations and other operational Shared Service teams/ Center of Excellence (COEs). Your primary responsibility will be to monitor and process custody related events accurately and timely, ensuring prompt follow-up on exception situations to deliver excellent service to clients.Key Responsibilities:- Perform daily maintenance and record-keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios for various SSC clients- Process trades, book receipts and disbursements- Reconcile cash balances on a daily basis- Produce daily roll-forward proof of portfolio holdings and accrual information- Prepare standard and ad hoc reporting for internal and external customers- Respond to customer queries daily- Process bank loan notices received from agent banks- Interact with the Investment Manager on assigned portfolios, input/settle trades, perform ad hoc requests, and provide daily reporting per client guidelines- Work closely with mutual fund counterparts to provide Loan-related reports for NAV Calculation- Identify and report any unusual or potentially suspicious transaction activity in accordance with corporate policyQualifications Required:- Bachelors Degree in Commerce / Economics with a specialization in Business, Accounting, Finance, or another Financial-related program- Inter C.A. / Inter ICWAI or CFA (pursuing) will be preferred- 1-3 years experience in accounting, finance, mutual fund operations, loan servicing, or related careers (preferred)Additional Details:State Street is one of the largest custodian banks, asset managers, and asset intelligence companies globally. They provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients. State Street emphasizes creating a great work environment with competitive benefits packages and various development programs to support employee growth and potential. They are committed to fostering an inclusive environment where every employee feels valued and empowered to reach their full potential. State Street is an Equal Opportunity Employer, considering all qualified applicants for positions without regard to various characteristics protected by applicable law. Role Overview:As a Bank Loan Specialist, Associate 2 at State Street, you will play a crucial role in supporting and assisting Client Operations and other operational Shared Service teams/ Center of Excellence (COEs). Your primary responsibility will be to monitor and process custody related events accurately and timely, ensuring prompt follow-up on exception situations to deliver excellent service to clients.Key Responsibilities:- Perform daily maintenance and record-keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios for various SSC clients- Process trades, book receipts and disbursements- Reconcile cash balances on a daily basis- Produce daily roll-forward proof of portfolio holdings and accrual information- Prepare standard and ad hoc reporting for internal and external customers- Respond to customer queries daily- Process bank loan notices received from agent banks- Interact with the Investment Manager on assigned portfolios, input/settle trades, perform ad hoc requests, and provide daily reporting per client guidelines- Work closely with mutual fund counterparts to provide Loan-related reports for NAV Calculation- Identify and report any unusual or potentially suspicious transaction activity in accordance with corporate policyQualifications Required:- Bachelors Degree in Commerce / Economics with a specialization in Business, Accounting, Finance, or another Financial-related program- Inter C.A. / Inter ICWAI or CFA (pursuing) will be preferred- 1-3 years experience in accounting, finance, mutual fund operations, loan servicing, or related careers (preferred)Additional Details:State Street is one of the largest custodian banks, asset managers, and asset intelligence companies globally. They provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients. State Street emphasizes creating a great work environment with competitive benefits packages and various development programs to support employee growth and potential. They are committed to fostering an inclusive environment where every employee feels valued and empowered to reach their full potential. State Street is an Equal Opportunity Employer, considering all qualified applicants for positions without regard to various characteristics protected by applicable law.

Keyskills :
Microsoft applicationsinterpersonal skillsaptitude for mathoral communication skillsmultitasking capability