Bank Loans, Associate 2

Overview

Associate role in the Bank Loans team at State Street's Charles River Development (CRD), handling daily maintenance and record keeping for syndicated bank loans held in mutual fund and structured portfolios.

What you'll do

• Perform daily maintenance and record keeping for syndicated bank loans held in various mutual fund and other structured portfolios for SSC clients.
• Process trades and book receipts and disbursements.
• Carry out daily reconciliation of cash balances.
• Produce daily roll-forward proof of portfolio holdings and accrual information.
• Prepare standard and ad hoc reporting for internal and external customers.
• Respond to customer queries on a daily basis.
• Process bank loan notices received daily from agent banks.
• Interact with the Investment Manager on assigned portfolios, inputting and settling trades, performing ad hoc requests, and providing daily reporting per client-specific guidelines.
• Work closely with the mutual fund counterpart, providing loan-related reports to be incorporated into the final NAV calculation.
• Identify unusual or potentially suspicious transaction activity and report or escalate it in accordance with corporate policy and relevant operating procedures.
• Perform daily processes accurately and within defined time frames and client requirements.
• Have daily contact with Client Service, Client Management, COEs and Business Unit Shared Service teams.
• Consult with the manager where clarification or an exception to policy may be required.

What you'll need

• Bachelor's degree in Commerce or Economics with a specialization in Business, Accounting, Finance or another financial-related program.
• 1-3 years' experience in accounting, finance, mutual fund operations, loan servicing or related careers.
• Strong computer competence, including Microsoft applications such as Excel and Word.
• Aptitude for math.
• Interpersonal and oral communication skills.
• Multitasking capability and ability to work under pressure in a deadline-driven environment.

Nice to have

• Inter C.A., Inter ICWAI or CFA (pursuing).
• 3 years' experience in accounting, finance, mutual fund operations, loan servicing or related careers.

Details

• Location: Mumbai, India.