Bank Loans, Associate

Job Description Who we are looking for

This role 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.

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.

• 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, inputting/settling trades, performing ad‑hoc requests and providing daily reporting per client specific guidelines.
• The individual will work closely with their mutual fund counterpart, providing loan‑related reports to be incorporated into the final NAV calculation.
• During the course of normal day‑to‑day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or raise it in accordance with corporate policies and guidelines detailed in relevant operating procedures.
• Other tasks as needed.

• Strong critical thinking, problem solving, and decision‑making skills.
• Strong interpersonal skills and ethical decision making.
• Ability to work in a team environment with emphasis on collaboration with both clients and other internal service teams.

• Bachelor’s degree in finance, Accounting, Economics, or Business Management.
• Strong financial accounting knowledge and proficiency.
• Experience leading verbal and written communication at senior levels with internal and external clients.
• Excellent administrative and organizational skills with demonstrated ability to multi‑task and work efficiently to meet client deliverables.
• Possess strong computer skills including Microsoft Office applications.
• Ability to work with individuals at all levels in the organization and contribute to the strategic direction of the firm and the team.
• Strong analytical and organizational skills.

$41,600 - $66,560 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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes a 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 the Employee Assistance Program; incentive compensation including eligibility for annual performance‑based awards;

and eligibility for certain tax‑advantaged savings plans.

State Street is an equal opportunity and affirmative action employer.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.