CDO LoanAsset Administrator

Job Title: CDO Loan/Asset Administrator

Duration: 6 Months (Temp to Perm)

Locations: Chicago IL 60603 Boston MA 02110

Pay Rate: $24.00/Hr. On W2

Note:

• Hybrid 2 to 3 days in office

Summary:

• Collateralized Debt Obligation Group (CDO) is a division within Global Corporate Trust Services the premier CLO trustee in the industry.
• CDOs are structured finance vehicles that issue both debt and equity liabilities with the proceeds being used to buy a portfolio of collateral.
• Typical types of collateral include corporate bonds assetbacked securities mortgagebacked securities and Mezzanine debt.
• CDO Loan/Asset Administration is responsible for monitoring and maintaining pools of bank loans that act as collateral for CDO/CLOs.
• This position is relied on by the Deal Administration Analytics and Relationship Management departments to process interest payments principal payments fees borrowings and new payment information in an accurate and timely manner.

Basic Qualifications:

• Associates or Bachelors degree in business administration or equivalent work experience. (Degree not required)
• 6 months to 2 years in accounting and financial transactions and customer service activities.

Preferred Skills/Experience:

• Primary responsibility for this role is to manage the daily Loan Closing process utilizing Clear Par CDO Suite and other available tools. Reconcile trade attributes to trade blotters follow up on timelines with agents and counterparties and do funding memo tie outs at settlement.