Real Money Funds, Officer at State Street in Boston, Massachusetts

Job Description:

Who we are looking for

The Real Money Funds Team is looking for a credit analyst/administrator to manage a portfolio of mutual fund names. The credit analyst/administrator will also take an active role in supporting the Account Officer in the management of deals. The Real Money Funds team is part of the Global Credit Finance division. The team is comprised of approximately 15 employees based in Boston.

Why this role is important to us

The Real Money Funds Team is responsible for a $23 billion portfolio of credit facilities to regulated mutual funds. Many of the team's clients are part of larger valuable relationships to State Street Bank. The team is responsible for analyzing the credit and negotiating legal documents for each of the credit facilities.

What you will be responsible for

As a Credit Analyst/Administrator you will:

• Manage the credit analysis of a portfolio of mutual fund lending clients. This will entail analyzing fund financial statements and offering documents, keeping apprised of market news and producing a credit approval paper for each client in the portfolio.


• Oversee borrower changes within your portfolio of deals, including adding new borrowers, removing borrowers and borrower name changes. This will include communication with Account Officers, clients and external counsel.


• Take an active role in assisting the Account Officer in the management of deals, including participating in legal negotiations and client calls.


• Coordinate with Account Officers, ERM, GCF Business Support Team and Loan Operations on deal activity.


• Analyze existing business unit processes and provide input on process improvements. Assist in implement new processes to create efficiencies.

These skills will help you succeed in this role

• Interest in lending/credit and process improvement


• Positive attitude, ability to demonstrate initiative and a willingness to learn


• Strong analytical, written and verbal communication skills


• High level of attention to detail and organization


• Ability to manage multiple tasks at the same time


• Capability to meet tight deadlines

• Bachelor's degree in business, finance, accounting or related field


• Minimum of 2-5 years of experience in the financial industry


• Proficiency with Excel, PowerPoint and Bloomberg, a plus

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers.

Salary Range:
$70,000 - $115,000 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.