Summary
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: • Oversee/manage Reconciliations Associate and maintain responsibility for their performance • Oversee third party reconciliations team responsible for loading and coding breaks into reconciliations system/software •… >>>
Company Information:
An employee-owned, global asset management firm that specializes in opportunities across the credit universe in sectors such as high yield bonds, leveraged loans, private credit, distressed debt, structured products, emerging markets, private equity and credit-themed equities. The firm was founded in 2000 and is one of the largest independent asset managers focused on credit. The firm manages over $51 billion1 for institutional investors including leading public and corporate pensions, endowments, foundations, insurance companies and sovereign wealth funds.
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:
• Oversee/manage Reconciliations Associate and maintain responsibility for their performance
• Oversee third party reconciliations team responsible for loading and coding breaks into reconciliations system/software
• Reviewing aged breaks across teams, ensuring they are being worked on and have appropriate commentary
• Responsible for reviewing/uploading SLF/margin interest/custody fee bookings to match custodians in internal system
• Responsible for managing repo claims and funds from class action filings
• Attending weekly recon-focused calls across operations/accounting teams and assisting with potential issues/questions
• 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
• 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
Requirements / Qualifications:
• Bachelor’s degree preferred
• 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
• Comfortable working with Front Office
• Experience with SWIFT
• Great management skills and ability to pay close attention to details
