Operations Associate

Westfield Capital Management; Boston (MA); On-site; USD 60,000 - 80,000; Full time

Job summary

An established industry player is seeking an Operations Associate to enhance their reconciliation and trade settlement processes. This role demands meticulous attention to detail and strong communication skills to ensure accurate portfolio accounting. You'll be integral in collaborating with various teams, managing multiple workflows, and contributing to process improvements. If you are eager to develop your career in a dynamic environment and possess a Bachelor’s degree along with problem-solving capabilities, this opportunity is perfect for you. Join a forward-thinking firm that values excellence and innovation in the investment management sector.

Qualifications

• Experience in asset management, accounting, or trade settlements preferred.
• Ability to manage multiple workflows and deadlines effectively.

Responsibilities

• Perform daily and monthly account reconciliations accurately.
• Collaborate with internal teams to resolve reconciliation issues.
• Assist in improving automation and control procedures.

Skills

Problem-solving

Organizational skills

Time-management skills

Communication skills

Attention to detail

Education

Bachelor’s Degree

Tools

Microsoft Excel

Advent Portfolio Exchange

Job description

Direct message the job poster from Westfield Capital Management

Position

Operations Associate, Reconciliation & Trade Settlement – The Operations Associate is responsible for the timely and accurate reconciliation of Westfield’s internal portfolio accounting system records with the custodial records for all client accounts. This person will work with other Operations members, as well as other functional areas to ensure the smooth daily operation of the Firm.

Requirements

Candidates should have some related experience and exposure to the asset management industry, specifically accounting, transaction and position reconciliations, and/or trade settlements is preferred. The individual needs to possess self-confidence and be a good communicator. This position requires a high level of attention to detail and the ideal candidate must be able to efficiently manage multiple workflows and deadlines.

The ideal candidate would have:

• Bachelor’s Degree
• General problem-solving capabilities, strong organizational and time-management skills
• Good follow-through and communication skills with both internal and external contacts
• Proficiency in Microsoft Excel and/or other advanced computer/technical skills
• Familiarity or experience with Advent Portfolio Exchange (“APX”) or similar portfolio accounting systems is a plus

Responsibilities

The position will encompass the following responsibilities:

• Retrieve all readily available custodian information for assigned accounts for reconciliation purposes (e.g. daily Advent Custodial Data (“ACD”) positions and transaction files, daily cash sheets, establishing online access, monthly custodian statements, etc.)
• Timely and accurate identification and posting of any missing custodian transactions into the portfolio accounting system for all assigned accounts
• Complete both electronic and manual account reconciliations on a daily and monthly basis
• Help with any additional monthly/quarterly reporting requests from other internal departments
• Work closely with the Portfolio Associates and Trade Settlement groups to escalate and resolve any reconciliation breaks/trade issues identified on a daily basis
• Assist in the ongoing efforts to improve automation and enhance control procedures within the Reconciliation area
• Serve as back-up on Trade Settlement and become fully proficient in all aspects of the trade settlement policies, procedures and systems

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Other

• Industries

  Investment Management

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