Job Summary

CDO Loan/Asset Administrator

  • Location:
    Chicago, Illinois
  • Job reference:
  • Category:
  • Contract Type:
    Contract/Temp to Hire

Fortune 200 bank is looking to fill a financial position in downtown Chicago. Company is the 7th largest bank in the US and provides banking, investment, mortgage, and trust products to individuals, businesses, and government. Duties including monitoring and maintain bank loans used as collateral for CDOs.
Title: CDO Loan/Asset Administrator      
Hours: Monday - Friday 8:45am – 5:15pm (40 hours per week)
Location: 190 South La Salle Street, Chicago Illinois 60603
Length: Position is 6-month contract-to-hire (perm salary is $47-50k/yr)
Pay: $21.81/hr, weekly paycheck ($45,400/yr)
•Responsible for monitoring and maintaining pools of bank loans that act as collateral for CDO/CLOs.
•CDOare 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 syndicated bank loans, corporate bonds, asset-backed securities, mortgage-backed securities, and Mezzanine debt.
• Works with external agent banks as well as areas of trust fixed-income operations including security movement, income collections and wires.
• Relied on by the Deal Administration, Analytics, and Relationship Management departments to accurately and timely process interest payments, principal payments, fees, borrowings, and new payment information.
• B.S./B.A. degree. Recent college graduates encouraged!
• 6 months to 2+ years applicable work experience
• Strong reading comprehension, critical thinking, and analytical skills
• Motivated self-starter with a proven ability to learn new concepts quickly
• Demonstrable ability to research and resolve payment and data discrepancies
• Able to work independently with minimal guidance and as part of a team
• Excellent verbal and written communication skills
• Strong interpersonal skills including tact, diplomacy, and flexibility to work effectively with cross-functional teams across various sites
• Able to prioritize workload and complete assignments in a timely manner with attention to detail and high degree of accuracy
• Utilize logical reasoning and sound judgment to make appropriate decisions following established policies and procedures
• Proficient computer skills, including Microsoft Excel
• Work experience administering bank loans a plus as well as experience with loan documents and/or legal documents.
Hiring is looking to move fast, apply today!

TAGS: CDO, portfolio, portfolio management, wealth management, investment, investment banking, brokerage, stocks, bonds, loan administration, loan closing, loan processing, account maintenance, bank loans, corporate bonds, securities, litigation, asset-backed securities, mortgage-backed securities, mezzanine debt,

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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

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