Cost Basis Operations Associate

Social Capital Resources; New York (NY); On-site; USD 85,000 - 120,000; Full time

Job summary

Social Capital Resources is seeking a Cost Basis Operations Associate for a rapidly growing hedge fund in New York. You will support front-to-back trade processing, ensure accurate cost basis capture on in-kind transfers, and coordinate with custodians, prime brokers, and PMs.

The role emphasizes daily reconciliations of trades, positions, cash, and tax lots, and resolving DTC issues in real time to prevent settlement or tax reporting impacts.

Qualifications

• Bachelor's Degree
• 4-7 years experience trading operations or fund operations
• 2+ years experience with DTC
• 2+ years experience with Cost Basis
• Understanding of the trade lifecycle
• Experience working with Prime Brokers on daily reconciliations

Responsibilities

• Support front-to-back trade execution and ensure accurate processing.
• Own end-to-end processing of in-kind security movement via DTC.
• Coordinate with custodians, prime brokers, and counterparties for delivery/receipt.
• Support high-volume, TLH-driven trading and harvesting events.
• Perform daily reconciliations of trades, positions, cash, and tax lots.
• Preserve tax lots and cost basis across in-kind transfers with PMs and fund admins.
• Investigate DTC transfer rejects and discrepancies and escalate to avoid issues.

Skills

Trade operations

DTC experience

Cost basis

Prime brokerage coordination

Education

Bachelor's degree

Tools

DTC

Job description

Rapidly Growing Hedge Fund is seeking a Cost Basis Operations Associate!

Responsibilities

• Supporting front-to-back trade execution, ensuring smooth and accurate trade processing, and facilitating seamless interaction between trading, portfolio management, counterparties, and custodians


• Own the end-to-end processing of in-kind security movement via DTC


• Coordinating directly with custodians, prime brokers, and counterparties to ensure accurate delivery and receipt.


• Support high-volume, systematic trading driven by TLH rebalancing and harvesting events.


• Perform daily reconciliations across trades, positions, cash balances, and tax lots at the account level


• Ensure accurate tax lot and cost basis preservation across every in-kind transfer, partnering with PMs and Fund Administrators to confirm lot-level detail carries through correctly


• Investigate and resolve DTC transfer rejects, breaks, and delivery/receipt discrepancies in real time, escalating promptly to avoid settlement or tax reporting impact

Qualifications

• Bachelor's Degree


• 4-7 years experience trading operations or fund operations at a Prime Brokerage firm or asset manager


• 2+ years experience with DTC


• 2+ years experience with Cost Basis


• Understanding of the trade lifecycle


• Previous experience working with Prime Brokers on daily reconciliations