CLO & Private Credit, 6 Months Full-time… at State Street · Boston

Summary: State Street is one of the largest custodian banks and asset managers in the world, and they are seeking an incoming Co-op to assist in the underwriting of Collateralized Loan Obligations and Private Credit Facilities. The role involves credit analysis, portfolio surveillance, and reporting, while providing support for underwriting and loan documentation. Responsibilities: - Involvement with a wide range of activities related to credit analysis, portfolio surveillance, and reporting - Assist with underwriting, due diligence, and legal documentation of new and existing loans - Maintain the deal pipeline and compliance documentation - Oversee loan closings by coordinating with internal and external parties - Work closely with team to continue to develop industry knowledge as well as underwriting and portfolio management skills - May also be relied upon to handle assigned projects Required Qualifications: - Positive attitude and strong quantitative skills - Ability to work effectively with stakeholders to assist in the underwriting of Collateralized Loan Obligations (CLOs) and Private Credit (BDC and Direct Lending) Facilities - Involvement with a wide range of activities related to credit analysis, portfolio surveillance, and reporting - Assist with underwriting, due diligence, and legal documentation of new and existing loans - Maintain the deal pipeline and compliance documentation - Oversee loan closings by coordinating with internal and external parties - Work closely with team to continue to develop industry knowledge as well as underwriting and portfolio management skills - Detail-oriented, with strong communication, and organization skills - Ability to manage and prioritize multiple deliverables simultaneously - Strong analytical and problem-solving skills - Proficiency with Excel and PowerPoint - Team player with a positive attitude and desire to learn - Interest of credit markets, loan structuring, and legal documentation Preferred Qualifications: - Knowledge of securitizations, private equity, or private debt - Pursuing Business, Economics, Finance or Liberal Arts Required Skills: Credit analysis, Portfolio surveillance, Excel proficiency Important Skills: PowerPoint proficiency, Analytical skills Nice-to-Have Skills: Interest in credit markets, securitizations, private equity, private debt, Communication skills, Organizational skills, Problem-solving skills, Team player Internship Start Date: Start in 2026 Summer 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, Flexible work-life support