As a Bank Loan Specialist, Senior Associate, the ideal candidate will support and assist Client Operations and other operational Shared Service teams/ Center of Excellence (COE’s) by monitoring and processing custody related events to the fund’s records accurately and timely.  Ensure prompt follow up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients.

Performs 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 escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures

Research and resolve exceptions and issues

Receive and resolve inquiries in a timely and accurate manner and communicates effectively with client when necessary

Define and ensure successful completion of ad-hoc requests

Escalate unresolved issues to management as required

Perform daily or weekly reporting functions for the team’s activities

Ensure adherence to Standard Operating Procedures

Keep up to date on broader internal/external business issues; applies knowledge across team

Assist management in the implementation of new policies and procedures, participates in projects

Assist with workflow management and technology enhancements., make suggestions to streamline operations

Maintain knowledge of current alternative procedures and processes

Support training of new hires as necessary

Other tasks as needed.

Salary Range:

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.

Job Application Disclosure:

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.

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