Associate Investment Accounting Operations

1341 Guggenheim Partners Investment Management Holdings, LLC; Chicago (IL); On-site; USD 110,000 - 115,000; Full time

Benefits offered by this job

401k with matching contribution

Healthcare and wellbeing programs

Paid leave

Learning and development opportunities

Family and caregiving support

Employee assistance program

Job summary

Guggenheim Investments seeks an Associate to join the Investment Accounting team in the Investment Operations department in our Chicago office. You will analyze security-level accounting information, maintain GAAP and Statutory balance sheet values, and ensure accuracy of assets under management for internal reporting.

The role requires detail orientation, ownership of processes, and strong analytical skills.

Qualifications

• Bachelor’s degree in finance or accounting.
• 2+ years’ accounting experience in financial services.
• Proficiency in MS Excel (complex formulas) and SQL.
• Team-oriented with ability to collaborate with a diverse group.

Responsibilities

• Prepare and analyze GAAP and Statutory investment accounting positions for all client portfolios.
• Review changes in expected cash flows and analyze impact to book values and yields.
• Review accuracy of book yields based on contractual terms and cash flows.
• Analyze impact of corporate actions, transfers and other complex transactions on book yields and income.
• Prepare analysis of asset recoverability and impairment accounting.
• Execute checks and controls to ensure accuracy of transactional and positional data in accounting system for performance returns calculation.
• Identify risks and communicate to reviewers.
• Book partnership investment activity, P&L, and valuation via PCAP statements.
• Reconcile gross asset value of client portfolios to client accounting service values, work with clients’ accounting services to clear reconciliation exceptions.
• Review monthly income earned on bank loan assets and process required modifying transactions in accounting system.
• Actively participate and contribute to initiatives that generate greater accuracy in accounting information and process efficiencies; meaningfully assist with ad hoc requests and special projects as assigned.

Skills

Excel

SQL

Education

Bachelor's degree in finance or accounting

Tools

Aladdin by BlackRock

Wall Street Office

Job description

Position Summary

Guggenheim Investments is seeking an exceptional candidate to join its Investment Accounting team as Associate in the Investment Operations department. This person will participate in analyzing security-level accounting information for client portfolio; maintaining GAAP and Statutory balance sheet values used in internal portfolio management decision-making process; ensuring accuracy of assets under management and performance values for internal reporting; and resolving cash and position reconciliation exceptions. The ideal candidate should be detail-oriented, innovative, and enthusiastic to learn; have ability to take ownership of processes and manage time efficiently; possess analytical and problem-solving skills. This role is located in our Chicago office.

Key Responsibilities

• Prepare and analyze GAAP and Statutory investment accounting positions for all client portfolios,


• Review changes in expected cash flows and analyze impact to book values and yields,


• Review accuracy of book yields based on contractual terms and cash flows,


• Analyze impact of corporate actions, transfers and other complex transactions on book yields and income,


• Prepare analysis of asset recoverability and impairment accounting,


• Execute checks and controls to ensure accuracy of transactional and positional data in accounting system for performance returns calculation,


• Identify risks and communicate to reviewers,


• Book partnership investment activity, P&L, and valuation via PCAP statements,


• Reconcile gross asset value of client portfolios to client accounting service values, work with clients’ accounting services to clear reconciliation exceptions,


• Review monthly income earned on bank loan assets and process required modifying transactions in accounting system,


• Actively participate and contribute to initiatives that generate greater accuracy in accounting information and process efficiencies; meaningfully assist with ad hoc requests and special projects as assigned.

Basic Qualifications

Bachelor’s degree in finance or accounting. 2+ years’ accounting experience in financial services, specifically back-office investment operations and/or fund accounting. Proficiency in MS Excel (familiar with complex formulas for large datasets), and SQL. Team-oriented individual with ability to collaborate with a diverse group. Ability to multitask, prioritize and meet tight deadlines in a fast-paced environment, while maintaining accuracy and quality of work.

Preferred Qualifications

Currently holding or pursuing CPA (preferrable) or CFA. Comprehensive knowledge about fixed income, loans, limited partnerships, and equity securities. Experience with Aladdin by BlackRock solutions and/or Wall Street Office or a similar investment system. GAAP and/or Statutory accounting for insurance company investments.

Recruiting Statement

We are not seeking agency assistance with this role.

Eligibility and Compliance

We are unable to consider candidates who require current or future visa sponsorship for employment in the United States. Candidates must be authorized to work in the US without current or future visa sponsorship or transfer.

Benefits Offered

• 401k with matching contribution


• Healthcare and wellbeing programs


• Paid leave


• Learning and development opportunities


• Family and caregiving support


• Employee assistance program

Salary Range

Annual base salary between $110,000.00-$115,000.00 The base salary range represents the low and high end of the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and experience. The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.

Company Culture and Values

We focus relentlessly on delivering results through innovative solutions. We relish opportunities to solve complex problems through exhaustive approaches. As we conduct our business every day, every member of Guggenheim is expected to uphold our uncompromising standards for integrity and excellence and to be personally accountable for their actions and business results. Our principles entail engaging highly talented people, challenging them to think creatively, and encouraging them to achieve extraordinarily high standards in their fields of expertise. To succeed at Guggenheim, candidates should be a strong fit with our business principles, culture, and value system. We encourage you to review Our Firm page to learn more about how we seek to create value through our diversified businesses. We offer compelling opportunities for self-starters who take great pride in the quality of their work and seek to exceed expectations. We are looking for people who take ownership, adhere to the highest standards, and think creatively to realize opportunities. Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Learn more at GuggenheimInvestments.com, and follow us on LinkedIn.