State Street · 14 hours ago
Loan Servicing, Associate 2
Boston, MA
Full-time
Onsite
New Grad, Entry Level
$42K/yr - $67K/yrState Street is one of the largest custodian banks and asset managers in the world, focused on helping clients safeguard and steward investments. The Loan Servicing Associate 2 will be responsible for maintaining and processing bank loan records, reconciling cash balances, and responding to customer queries while ensuring compliance with corporate policies.
BankingFinanceFinancial Services
Responsibilities
Performing 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
Other tasks as needed
Qualification
Required
Deep understanding of servicing bank loan debt held in complex global fund structures
Background in client management
Strong critical thinking skills
Ability to meet aggressive deadlines in high volume work environment
Strong interpersonal skills and ethical decision making
Ability to work in a team environment with emphasis on collaboration with both clients and other internal service teams
Preferred
Experience in accounting, finance, mutual fund operations, loan servicing or related careers (preferred)
Bachelor's degree
Benefits
Retirement savings plan (401K) with company match
Insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
Paid-time off including vacation, sick leave, short term disability, and family care responsibilities
Access to our Employee Assistance Program
Incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
Eligibility for certain tax advantaged savings plans
Paid volunteer days
Company
State Street
State Street offers a range of financial services, including investment management, research and trading, as well as asset management.
Founded in 1792
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$12.05B2025-10-23Post Ipo Debt· $1B
2025-04-24Post Ipo Debt· $2B
2025-02-06Post Ipo Equity· $750M
Leadership Team
Ronald O'Hanley
Chairman and Chief Executive Officer
R
Renee LaRoche-Morris
Senior Vice President, Chief of Staff to the COO; Head of CAO Services
Recent News
Private Banker International
2026-01-19
Business Recorder
2026-01-17
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