Portfolio Operations Associate

Landing Point; Boston (MA); On-site; USD 65,000 - 75,000; Full time

Job summary

Landing Point in Boston is seeking a junior Operations Associate to support reconciliations, NAV validation, and client reporting across multiple asset classes.

You will work with Custody, Pricing, Data Management, and IT teams to resolve discrepancies, monitor cash, and contribute to cross-functional initiatives. 0-2 years of experience required; degree preferred; AI familiarity a plus.

Qualifications

• 0-2 years of relevant experience; fund accounting a plus.
• Derivatives and other asset class experience preferred.
• Proficiency with Word and Excel; Office programming a plus.
• Familiarity with generative AI tools and prompt engineering.

Responsibilities

• Develop understanding of assigned accounts and activity.
• Perform end-to-end reconciliation of holdings, cash, and transactions.
• Conduct NAV validation with fund administrators.
• Monitor cash availability and overdraft positions to Cash Desk and FX teams.
• Collaborate with Pricing and fund administrators on valuation issues.
• Produce client-specific and ad hoc reports.
• Follow up on outstanding issues with custodians.
• Communicate with internal stakeholders to resolve discrepancies.
• Collaborate with Data Management to resolve data integrity issues.
• Work with Operations teams to resolve reconciliation items.
• Contribute to cross-functional initiatives and ad hoc projects.

Skills

MS Word

MS Excel

AI tools

Prompt engineering

Education

Bachelor's degree or equivalent experience

Tools

BlackRock Aladdin

FIS Data Integrity Manager

Job description

Company Overview:

A global investment manager in Boston is hiring a junior level Operations Associate to join their team.

Job Responsibilities:

• Develop a comprehensive understanding of all assigned accounts and their underlying activity.
• Perform end-to-end reconciliation of holdings, cash, and security transactions against custodian banks.
• Conduct daily and monthly NAV validation by comparing internal-calculated net assets with those reported by fund administrators.
• Monitor and report cash availability and overdraft positions to the Cash Desk and FX teams.
• Partner with the Pricing team and fund administrators to resolve security valuation issues.
• Produce accurate and timely client-specific and ad hoc reporting.
• Track and follow up on all outstanding issues with custodians.
• Communicate with internal stakeholders to escape discrepancies impacting investment decisions.
• Collaborate with the Data Management team to resolve data integrity issues.
• Work closely with all teams across Operations to ensure timely resolution of reconciliation items.
• Contribute to cross-functional initiatives and ad hoc projects.

Qualifications:

• Relevant college degree or commensurate industry experience required.
• 0-2 years of relevant experience; fund accounting a plus.
• Derivatives and other asset class experience preferred.
• Experience with BlackRock Aladdin and FIS’s Data Integrity Manager a plus.
• Proficiency with Microsoft Word and Excel required; Microsoft Office programming skills a plus.
• Familiarity with generative AI tools (e.g., MS Copilot, ChatGPT, Claude) and prompt engineering.

Compensation:

Salary: $65,000 - $75,000, Plus Bonus