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Loan Servicing Specialist, Associate1 at State Street in Quincy, Massachusetts

Posted in General Business 1 day ago.

Type: Full-Time

Job Description:

  • Make Your Mark. Advance your career at State Street.

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Job Description

Who we are looking for

This roles requires a deep understanding of servicing bank loan debt held in complex global fund structures.  The candidate should have a background in client management, ,strong critical thinking skills and an ability to meet aggressive deadlines in high volume work environment are essential.      

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. 

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for:

As Loan Services Specialist, Associate 1, you will be

  • Performing daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios for various SSC clients.

  • Processing trades, booking receipts and disbursements.

  • 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

COVID-19 Protocols:  Complying with State Street’s COVID-19 protocols is a condition of employment. Those requirements may vary depending on circumstances and legal requirements, and may include, without limitation, a requirement to be vaccinated (or have an accommodation), to disclose vaccination status, to provide evidence of vaccination status, etc.



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