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Trust Reporting Analyst

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At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

This role is particularly designed to support those who are launching or early in their professional journey, including recent graduates and individuals transitioning from academic programs. We encourage all qualified applicants to apply, regardless of educational background. We welcome a diverse range of experiences.

U.S. Bank Global Corporate Trust Services is one of the largest providers of corporate trust services in the world. Our clients look to us for trustee, agency, escrow, document custody and money market issuing services via our 48 domestic offices and three international offices. The Collateralized Debt Obligation (CDO) and Global Structured Finance (GSF) groups are divisions within U.S. Bank Global Corporate Trust Services and provide services on structured finance vehicles that issue both debt and equity liabilities, the proceeds of which are used to buy a portfolio of collateral such as syndicated bank loans, corporate bonds, ABS, MBS, CMBS and Mezzanine debt. These services include Trust Reporting, which requires review of the deal documents, set up of cashflow priorities, collection of periodic asset activity data, reporting to bondholders, and when required, trust tax reporting.

Essential functions include: Read and interpret trust indentures with regard to reporting requirements. Create technical report specifications from indenture language. Set up payment calculations in a variety of in-house systems. Receive, map and reconcile periodic collateral data. As required, make tax elections, file for EIN’s, and track residual holder transfers. As required, perform portfolio compliance tests on a selection of structured fixed income deals (trade testing). Compile monthly, quarterly and annual payment and/or tax reports. Coordinates with operations teams to ensure correct payments are received and made. Perform quality control review of reports, meeting timeliness and accuracy standards. Frequent interaction with asset managers, investors, auditors and rating agencies.

Basic Qualifications
- Bachelor’s degree in business, finance, economics, accounting or related field, or equivalent work experience
- Less than two years of relevant work experience

Preferred Skills/Experience
- Basic understanding of syndicated bank loans, fixed income securities, securitization, trading or mutual funds
- Ability to identify and resolve exceptions and to interpret data
- Effective interpersonal, verbal and written communication skills
- Ability to perform multiple tasks and meet established deadlines in a dynamic working environment with minimal supervision
- Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $73,780.00 - $86,800.00 - $95,480.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Average salary estimate

$84630 / YEARLY (est.)

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$73780K

$95480K

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What You Should Know About Trust Reporting Analyst, US Bank

Are you ready to kickstart your career with a dynamic company that truly values its employees? At U.S. Bank, we’re looking for a Trust Reporting Analyst to join our team in Boston, MA. In this welcoming role, you'll embark on a journey to help clients make smarter financial decisions while also understanding complex financial documents. As part of U.S. Bank Global Corporate Trust Services, one of the largest providers of corporate trust services in the world, your contributions will help support structured finance vehicles that manage various debt and equity liabilities. Your main responsibilities will include reviewing trust indentures, setting up cashflow priorities, and compiling essential reports that keep our operations running smoothly. You'll get the chance to collaborate with asset managers, auditors, and rating agencies, making your role highly interactive and impactful. The best part? This position is designed for those who are launching their careers, which means we welcome all qualified applicants, including recent graduates! If you're detail-oriented and ready to take on challenges in a fast-paced environment, U.S. Bank offers the opportunity to learn and grow, paired with an exciting range of benefits to support your journey both professionally and personally. Come be a part of something big and let your potential shine with U.S. Bank!

Frequently Asked Questions (FAQs) for Trust Reporting Analyst Role at US Bank

What are the key responsibilities of a Trust Reporting Analyst at U.S. Bank?

As a Trust Reporting Analyst at U.S. Bank, you will be responsible for interpreting trust indentures, creating technical report specifications, and setting up payment calculations using in-house systems. Additionally, you will reconcile periodic collateral data, compile monthly and annual reports, and ensure proper coordination with various teams for accurate payments. This role is crucial in maintaining compliance and delivering timely financial information to our stakeholders.