Senior Associate, Investment Operations - Reconciliations

PRIMARY FUNCTIONS AND ESSENTIAL RESPONSIBILITIES

• Proactively research, resolve and prevent all cash and par breaks with custodian banks and third-party administrators
• Aid in the daily management and operation of the reconciliation process including cash, par and non-custody reconciliations with both custodian bank and paying agents across all funds
• Direct fund administrators and custodian banks on appropriate processing and review/reconcile processing output for accuracy while looking for root cause issues
• Aid in preparing daily, weekly, monthly, and quarterly KPIs to track trends and workflow issues
• Maintain high standard of quality controls
• Reconcile and resolve contract and facility level loan positions between WSO, Geneva and Third-Party Administrators
• Influence and participate in decisions on policies/procedures designed to ensure compliance with internal, legal, and regulatory policies and ensure changing business requirements are met
• Work with all internal and external stakeholders to improve and enhance recon team workflows
• Contribute ideas and recommendations to improve process efficiencies and increase risk mitigation
• Participate in meetings representing the recon team and participate in department initiatives such as system enhancements, off hours testing and new business conversions as necessary

Qualifications

• Education: Bachelor’s degree in Finance or other business-related discipline
• Experience Required: Minimum 5-7 years of investment management operations experience with high emphasis on bank loan operations and reconciliation
• Management firms with expertise in Investment Operations and Reconciliation related functions
• Strong knowledge of various asset classes, primarily focused in the area of credit/fixed income, derivatives, and FX with an emphasis on bank debt and high yield/alt credit
• Strong understanding of the bank loan industry and standards
• Familiarity with standard activities carried out by financial intermediaries such as investment banks, broker/dealers, Prime Brokers, etc.
• Proficient in Microsoft Outlook, Word, Wall Street Office and Geneva, as well as PowerBI and Python
• Direct experience partnering with the business units to ensure operational efficiency and collaborative outcomes
• Experience working with an outsource/offshore service provider
• Experience working with custodian and agent banks
• Understanding of basic accounting theories
• Hedge fund, Credit or Private Equity experience is a plus

General Requirements

• Extremely detailed oriented with a proven track record for accuracy
• Ability and desire to work in a fast pace and dynamic environment often requiring fast solutions to complex problems
• Outstanding written and verbal communication and interpersonal skills
• A self-starter with excellent verbal and written communication skills
• Strong control focus and ability to challenge streamline processes
• Problem-solving mindset, willing to roll up the sleeves
• Well organized, high attention to detail – role directly informs investment decisions
• Ability to follow up and see issues to final resolution
• Forward and proactive thinking and ability to find ways to prevent both cash and par breaks
• Strong control focus and ability to challenge streamline processes

Reporting Relationships

Compensation The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role. $130,000 - $150,000

Benefits

• Comprehensive Medical/Rx, Dental and Vision plans
• 401(k) program with company match
• Flexible Savings Accounts (FSA)
• Healthcare Savings Accounts (HSA) with company contribution
• Basic and Voluntary Life Insurance
• Long-Term Disability (LTD) and Short-Term Disability (STD) insurance
• Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit
• Access to a world-class medical advisory team
• Mental health app that includes coaching, therapy and psychiatry
• Mindfulness and wellbeing app
• Financial wellness benefit that includes access to a financial advisor
• New parent leave, reproductive and adoption assistance
• Emergency backup care
• Matching gift program
• Education sponsorship program