Operations Specialist - Financing (12 Month Fixed Term Contract)

Millennium; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading company is seeking an Operations Specialist - Financing for a 12-month fixed-term contract in London. This role involves managing equity financing accruals, ensuring accurate reconciliation, and collaborating with internal teams and brokers to streamline operations. The ideal candidate will possess strong analytical skills and prior experience in financing operations, contributing to the efficiency of the financing processes.

Qualifications

• Prior experience in financing operations or reconciliation within financial services.
• Familiarity with street financing processes across asset classes.
• Ability to work with large datasets and ensure accuracy in reporting.

Responsibilities

• Manage position and account-level accruals for daily NAV reporting.
• Investigate discrepancies across multiple product classes.
• Lead the transition of legacy workflows to new systems.

Skills

Analytical skills

Interpersonal skills

Attention to detail

Education

2:1 degree or above

Tools

Financial systems

Job description

Operations Specialist - Financing (12 Month Fixed Term Contract)

Job Description: Operations Specialist - Financing (12 Month Fixed Term Contract)

General Information

• Hiring Department/Group: Operations and Middle Office
• Job Description: Operations Specialist – Financing (12 Month Fixed Term Contract)
• Office Location: London

Job Function Summary

This role presents an exciting opportunity to contribute to the efficiency and accuracy of financing operations within a dynamic, global environment. As a key member of the centralized Financing Operations team, you will play a pivotal role in driving operational excellence, supporting portfolio managers and advancing the transition to streamlined financing processes.

The Operations Specialist will help manage daily equity financing accruals, investigate discrepancies, and ensure accurate reconciliation across multiple product classes. The successful candidate will collaborate closely with internal teams, external brokers, and portfolio managers to optimize financing operations, implement innovative methodologies, and transition legacy workflows to new centralized systems.

Principal Responsibilities

• Manage position and account-level accruals, ensuring accurate representation in daily NAV reporting and month-end reconciliation processes.
• Investigate and resolve discrepancies across multiple product classes.
• Streamline street financing processes to ensure consistency across regions and products.
• Collaborate with global financing team members to align focus and facilitate knowledge sharing across products.
• Work with prime brokers to ensure new accounts and mandates are established in accordance with firm protocols and conventions.
• Lead the transition of legacy financing workflows to the new MLP platform, ensuring seamless integration and operational efficiency.
• Facilitate onboarding for traders, equipping them with the necessary tools and systems to assist in their financing needs.
• Provide detailed walkthroughs of the MLP financing platform for new and existing trading groups.
• Assist in the setup of tailored financing reports to meet portfolio manager needs.
• Engage in ad-hoc discussions with the portfolio financing teams to address specific financing queries.

Qualifications/Skills Required

• 2:1 degree or above.
• Prior experience in financing operations, reconciliation, or a similar role within financial services.
• Familiarity with street financing processes, across asset classes, within Operations or a Treasury function, desirable.
• Knowledge of broker accruals, financing rules, and subledger posting processes.
• Experience with financial systems and basic fund accounting principles.
• Strong analytical skills to investigate and resolve discrepancies across multiple product classes.
• Ability to work with large datasets and ensure accuracy in daily NAV reporting.
• Exceptional interpersonal skills to collaborate effectively with internal teams (Core Operations, Middle Office, Portfolio managers) and external brokers.
• Ability to provide clear commentary and documentation for break resolution and financing adjustments.
• Proven ability to manage multiple accounts, tasks, and responsibilities simultaneously.
• Detail-oriented approach to ensure accuracy in daily and monthly processes.