Job Description

Position

Operations Associate, Reconciliation & Trade Settlement – The Operations Associate is responsible for the timely and accurate reconciliation of Westfield’s internal portfolio accounting system records with the custodial records for all client accounts. This person will work with other Operations members, as well as other functional areas to ensure the smooth daily operation of the Firm.

Requirements

Candidates should have some related experience and exposure to the asset management industry, specifically accounting, transaction and position reconciliations, and/or trade settlements is preferred. The individual needs to possess self-confidence and be a good communicator. This position requires a high level of attention to detail and the ideal candidate must be able to efficiently manage multiple workflows and deadlines.

The ideal candidate would have:

• Bachelor’s Degree
• General problem-solving capabilities, strong organizational and time-management skills
• Good follow-through and communication skills with both internal and external contacts
• Proficiency in Microsoft Excel and/or other advanced computer/technical skills
• Familiarity or experience with Advent Portfolio Exchange (“APX”) or similar portfolio accounting systems is a plus

Responsibilities

The position will encompass the following responsibilities:

• Retrieve all readily available custodian information for assigned accounts for reconciliation purposes (e.g. daily Advent Custodial Data (“ACD”) positions and transaction files, daily cash sheets, establishing online access, monthly custodian statements, etc.)
• Timely and accurate identification and posting of any missing custodian transactions into the portfolio accounting system for all assigned accounts
• Complete both electronic and manual account reconciliations on a daily and monthly basis
• Help with any additional monthly/quarterly reporting requests from other internal departments
• Work closely with the Portfolio Associates and Trade Settlement groups to escalate and resolve any reconciliation breaks/trade issues identified on a daily basis
• Assist in the ongoing efforts to improve automation and enhance control procedures within the Reconciliation area
• Serve as back-up on Trade Settlement and become fully proficient in all aspects of the trade settlement policies, procedures and systems

Job Tags

Similar Jobs