Investment Accounting Operations Associate

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

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.