JOB DESCRIPTION:
This position s primary duties relate to confirmation that the daily positions and cash dependent on by the firm for accounting and portfolio management purposes is correct. Specific activities follow:
- Identify and code all breaks versus custodian, prime or accounting records, research root causes, and provide comments accordingly
- Respond to internal inquiries for cash, holdings or transaction verification
- Interact with custodians and primes as necessary to resolve discrepancies
- Communicate trade breaks to internal trade support personnel
- Obtain monthly statements for each account via online custodial website or email
- Confirming of all out going wires which have been instructed out of prime broker and custody accounts
- Complete any specialized reconciliation and reporting requirements
- Performs other duties of a similar or related level and assists with special projects as necessary or assigned CLO interest reconciliation and participation collateral management
- Establish and maintain professional relationship with prime brokers and custodians
Assist with the processing of unique, bespoke securitizations waterfall analysis, cashflow monitoring, etc
Infrastructure and Applications Used:
All Desktop Applications, Bloomberg (Data), VPM (Accounting System), Virtus (Loan Administration and Data), Arcesium (Reconciliation)
Experience/ Requirements
- Bachelor s degree preferred
- 2-3 years experience working in financial services/operations at an asset manager/hedge fund
- Proficiency with MS Office applications Word, Excel, and Outlook
- Arcesium, VPM, Virtus experience a plus
- Self-motivated, proactive, and works well under pressure
- Highly organized and detail oriented
- Strong communication (oral and written), relationship-building, and interpersonal skills
- Ability to work independently, multi-task as well as collaborate with other operational staff
- Very good analytical and problem solving skills and a strong desire to resolve issues as they occur
- Able to understand the processes and financial instruments that generate the transaction types and positions that are reconciled and the controls around them
- Escalate material issues to your supervisor
- Comfortable working with Front Office
- Great time management skills and ability to pay close attention to details
- Experience with structured products CLOs, ABS, RMBS as well as securitizations in general