Structured Finance Account Administrator

U.S. Bank - Saint Paul, MN3.7

Full-timeEstimated: $47,000 - $63,000 a year
Structured Finance Account Administrator-180041212

At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

U.S. Bank’s Global Corporate Trust Services is one of the premier providers of corporate trust services in the United States and Europe, serving private and public companies, government and tax-exempt entities, and financial services institutions. The group operates a network of 50 domestic offices and 3 international locations in Buenos Aires, Argentina; London, England; and Dublin, Ireland. It has combined the local expertise of a well-established team with the scale and infrastructure of one of the industry’s largest institutions to become the trust and agency provider of choice for all global corporate trust financing transactions.

The Global Structured Finance (GSF) team manages client relationships and provides trustee/custodial services generally related to asset-backed securities (ABS) and residential mortgage-backed (RMBS) securities. The business line has extensive expertise with structured finance transaction procedures, policies and regulatory compliance. Account Administrators are primarily responsible for ensuring that certain activities of the transactions meet the requirements of the governing documents and U.S. Bank’s internal policies and procedures.

Primary Job Description & Key Duties:
  • Review and interpret transaction documents governing structured finance transactions to ensure accuracy of set-up of new accounts and on-going administration of portfolio
  • Interact with other units to ensure risk management procedures are followed and document legal requirements are satisfied
  • Provide quality customer service to clients, investors and other 3rd parties
  • Review compliance documentation for asset-backed and mortgage-backed securitizations
  • Monitor investment balances, funding of accounts, and Event of Default trigger events in compliance with governing transaction documents
  • Contribute to projects and initiatives that cross geographic sites and job functions

Basic Qualifications
  • Bachelor's degree in finance, or equivalent work experience
  • Three to five years of experience in structured finance industry
Preferred Skills/Experience
  • Working knowledge of structured finance transactions, investments, accounting principles, and loan servicing operations
  • Ability to interpret transaction documents
  • Proficient computer skills, especially Microsoft Office applications
  • Ability to create spreadsheets for simple cash flow calculations
  • Strong analytical and problem-solving skills
  • Excellent customer service skills
  • Experience with CTAO, SPA, SEI and Access Control Server (ACS) (or other corporate trust systems/applications) preferred
Job Accounting / Finance
Primary Location Minnesota-MN-Saint Paul
Shift 1st - Daytime
Travel No
Average Hours Per Week 40