Fund Accounting Junior Analyst

The Vanguard Group; Pennsylvania; Hybrid; USD 70,000 - 110,000; Full time

Job summary

The Vanguard Group is seeking a Security Pricing Analyst to support the valuation of securities across Vanguard funds and investment products. You will work with market data, research pricing exceptions, and collaborate with teams to deepen your knowledge of financial markets and security valuation.

In this hybrid role, you’ll perform daily, weekly, and monthly pricing duties, analyze discrepancies, and contribute to process improvements while building expertise across asset classes and pricing

Qualifications

• Undergraduate degree in Accounting, Finance, Economics, Business, or a related field, or equivalent experience preferred.
• Relevant experience in security pricing, fund accounting, investment operations, financial services, or a related field.
• Strong analytical, research, problem-solving, and time-management skills.
• Knowledge of financial markets, investment products, and security valuation concepts.
• Experience researching pricing discrepancies or other financial data exceptions and determining appropriate resolution.
• Working knowledge of financial and market-data technologies such as Bloomberg, LSEG/Reuters, Microsoft Excel, and other investment or pricing applications.
• Strong attention to detail and ability to consistently meet operational deadlines while managing multiple responsibilities.
• Demonstrated ability to work independently while effectively collaborating with team members, management, and internal and external business partners.
• Strong relationship-management and interpersonal skills.
• Ability to identify process improvement opportunities and contribute to the development and implementation of solutions.
• Experience participating in projects or business initiatives, including testing, documentation, process implementation, or change-management activities.
• Strong written and verbal communication skills with the ability to organize and communicate pricing research, issues, and recommendations clearly.
• Ability to work effectively across teams and locations and support broader Fund Accounting and Security Pricing initiatives.
• Experience with Fixed Income, Corporate Actions, OTC Derivatives, or other complex security types is preferred.

Responsibilities

• Researches, analyzes, and determines security valuations to support timely and accurate pricing of securities and foreign exchange rates held within domestically and internationally domiciled mutual funds, Separately Managed Accounts, and institutional products.
• Reviews and analyzes pricing exceptions, market data, vendor information, and other relevant information to identify and resolve security valuation issues.
• Performs daily, weekly, and monthly Security Pricing responsibilities while ensuring established deadlines, quality standards, and controls are met.
• Develops working knowledge across multiple security types, asset classes, pricing methodologies, and Security Pricing processes.
• Partners with internal and external stakeholders to research and resolve pricing-related questions and issues.
• Participates in projects and business initiatives impacting Security Pricing, including testing, documentation, and post-implementation support.
• Identifies opportunities to improve Security Pricing processes, controls, documentation, and operational efficiency.
• Supports team knowledge and operational coverage by maintaining procedures and documentation and assisting with training.
• Supports Security Pricing controls and risk-management activities by reviewing pricing exceptions and escalating issues as needed.
• Develops knowledge of assigned processes and markets and stays aware of regulatory developments that may impact Security Pricing.
• Supports implementation of new securities, products, markets, or investment strategies by assisting with pricing research and vendor reviews.
• Participates in special projects and performs other duties as assigned.

Skills

Financial analytics

Pricing research

Market data analysis

Excel

Bloomberg

Attention to detail

Time management

Independent worker

Relationship management

Communication

Education

Undergraduate degree in Accounting/Finance/Economics

Tools

Bloomberg

Reuters / LSEG

Excel

Pricing software

Job description

Join Vanguard’s Security Pricing team and build hands-on experience supporting the accurate valuation of securities held across Vanguard funds and investment products. You’ll work with market data, research pricing exceptions, and collaborate with teams across the organization while developing your knowledge of financial markets, investment products, and security valuation.

Responsibilities:

• Researches, analyzes, and determines security valuations to support timely and accurate pricing of securities and foreign exchange rates held within domestically and internationally domiciled mutual funds, Separately Managed Accounts, and institutional products. Performs pricing activities in accordance with applicable fund prospectus requirements, Board-approved pricing policies, and established Security Pricing procedures and controls.
• Reviews and analyzes pricing exceptions, market data, vendor information, and other relevant information to identify and resolve security valuation issues. Conducts additional research when pricing discrepancies or unusual market activity is identified and escalates complex or material issues to management as appropriate.
• Performs daily, weekly, and monthly Security Pricing responsibilities while ensuring established deadlines, quality standards, and controls are met. Identifies operational issues and works with team members and management to determine appropriate resolution.
• Develops working knowledge across multiple security types, asset classes, pricing methodologies, and Security Pricing processes. Applies knowledge of market activity, pricing sources, corporate actions, security characteristics, and valuation practices when researching pricing questions and exceptions.
• Partners with internal and external stakeholders, including investment teams, trading, Fund Accounting, Corporate Actions, third-party pricing and market-data vendors, custodian banks, Audit, Compliance, and other business partners to research and resolve pricing-related questions and issues.
• Participates in projects and business initiatives impacting Security Pricing. Assists with impact analysis, requirements gathering, testing, implementation, documentation, and post-implementation support. Communicates identified issues, risks, and results to project team members, stakeholders, and management.
• Identifies opportunities to improve Security Pricing processes, controls, documentation, and operational efficiency. Recommends solutions and participates in the implementation of approved process improvements.
• Supports team knowledge and operational coverage by maintaining procedures and documentation, sharing knowledge with team members, and assisting with training and onboarding activities. Provides guidance to other analysts based on knowledge and experience when appropriate.
• Supports Security Pricing controls and risk-management activities by reviewing pricing exceptions, completing required documentation, identifying potential control concerns, and escalating issues in accordance with established procedures.
• Develops knowledge of assigned processes, asset classes, systems, or areas of specialization and serves as a resource to team members on those responsibilities. Maintains awareness of market events, new products, regulatory developments, and business changes that may impact Security Pricing activities.
• Supports the implementation of new securities, products, markets, or investment strategies by assisting with pricing research, vendor coverage review, testing, documentation, and operational readiness activities.
• Participates in special projects and performs other duties as assigned.

Qualifications:

• Undergraduate degree in Accounting, Finance, Economics, Business, or a related field, or equivalent experience preferred.
• Relevant experience in security pricing, fund accounting, investment operations, financial services, or a related field. Accounting or finance-related experience preferred.
• Strong analytical, research, problem-solving, and time-management skills.
• Knowledge of financial markets, investment products, and security valuation concepts.
• Experience researching pricing discrepancies or other financial data exceptions and determining appropriate resolution.
• Working knowledge of financial and market-data technologies such as Bloomberg, LSEG/Reuters, Microsoft Excel, and other investment or pricing applications.
• Strong attention to detail and ability to consistently meet operational deadlines while managing multiple responsibilities.
• Demonstrated ability to work independently while effectively collaborating with team members, management, and internal and external business partners.
• Strong relationship-management and interpersonal skills.
• Ability to identify process improvement opportunities and contribute to the development and implementation of solutions.
• Experience participating in projects or business initiatives, including testing, documentation, process implementation, or change-management activities.
• Strong written and verbal communication skills with the ability to organize and communicate pricing research, issues, and recommendations clearly.
• Ability to work effectively across teams and locations and support broader Fund Accounting and Security Pricing initiatives.
• Experience with Fixed Income, Corporate Actions, OTC Derivatives, or other complex security types is preferred.

Special Factors

Sponsorship

Vanguard is not offering visa sponsorship for this position.

About Vanguard

At Vanguard, we don't just have a mission—we're on a mission.

To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.