Associate Investment Accounting Operations

Guggenheim Partners Investment Management Holdings; 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 for its Investment Accounting team in the Investment Operations department in Chicago. You will analyze security-level accounting data, maintain GAAP and statutory balances, and ensure accuracy of assets under management for internal reporting.

The role requires 2+ years of accounting experience in financial services, with strong Excel and SQL skills; CPA/CFA preferred.

Qualifications

• Bachelor's degree in finance or accounting required.
• 2+ years accounting experience in financial services, back-office investment ops/fund accounting.
• Proficiency in MS Excel (complex formulas) and SQL.
• Team-oriented with ability to collaborate across groups.
• Ability to multitask, prioritize and meet tight deadlines.

Responsibilities

• Prepare and analyze GAAP and Statutory investment accounting positions for client portfolios.
• Review changes in cash flows and impact to book values and yields.
• Review accuracy of book yields based on contractual terms and cash flows.
• Analyze impact of corporate actions and complex transactions on yields and income.
• Prepare analysis of asset recoverability and impairment accounting.
• Execute checks to ensure accuracy of transactional data in accounting system.
• Identify risks and communicate to reviewers.
• Reconcile asset values and work with clients' accounting services to clear exceptions.
• Review monthly income on bank loan assets and modify transactions as needed.
• Contribute to initiatives for greater accuracy and process efficiencies.

Skills

Team-oriented

Multitask/ Prioritize

Education

Bachelor's degree in finance or accounting

CPA or CFA (preferred)

Tools

Excel

SQL

Job description

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.

This role is located in our Chicago office.

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.

Qualifications

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.

We are not seeking agency assistance with this role.

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 for this position

• 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.