Investment Accounting Associate — GAAP & Reconciliations

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 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.