Reconciliation Analyst

Axelon Services Corporation; Boston (MA); Ibrido; USD 65.000 - 90.000; Tempo pieno

Descrizione del lavoro

Axelon Services Corporation in Boston, MA seeks a Reconciliation Analyst to join the Investment Operations Shared Services Team on a hybrid schedule (2 days remote). You will support reconciliation across multiple investment types, ensuring accuracy and timeliness of close processes.

You will review aging reconciliations, escalate issues, and help implement process improvements to enhance efficiency and internal controls while collaborating with the Lead and Manager.

Competenze

• Bachelor’s Degree in Finance, Accounting, Business, or related field.
• Minimum of 3–5 years of relevant work experience in Investment Operations.
• Proficiency with Microsoft Office, especially Excel, and ability to learn new tools quickly.

Mansioni

• Review aging reconciliation reports to validate exceptions and query owners on items outside thresholds.
• Ensure exceptions are resolved in a timely manner and provide updates to Lead; escalate as needed.
• Review outstanding cash and holding reconciliation items for potential material impact; escalate when necessary.
• Ensure cash and holding reconciliation breaks have proper backup for monthly close.
• Maintain SLA requirements with internal and external parties; communicate progress and delays.

Conoscenze

Strong business aptitude

Time management

Detail-oriented

Analytical problem-solving

Independent and team work

Formazione

Bachelor’s Degree in Finance/Accounting/Business

Strumenti

Microsoft Excel

Microsoft Office

Descrizione del lavoro

Title: Reconciliation Analyst ( Hybrid 2X a week schedule )

Location: Boston, MA

Job Description

Reconciliation Analyst, Shared Services

Seeking an Analyst to join the Investment Operations Shared Services Team supporting the reconciliation function of invested assets. The Shared Services Reconciliation Team supports various investment types including public equity, investment grade & high yield debt, structured credit (MBS/CMO), private credit, bank loans and derivatives. The Analyst will work with the team members and Manager and is responsible for supporting team deliverables/mandates. Expected to foster an environment of continuous improvement and assist/participate in initiatives that enhance operational efficiency and control.

Job Responsibilities

• Review aging reconciliation reports to ensure that exceptions are validated, query owners on items that are outside determined thresholds
• Ensure exceptions are resolved in timely manner, provide updates to Lead regularly and escalte as needed.
• Review outstanding cash and holding reconciliation items for potential material impact and ensure timely resolutions. Escalate items as needed.
• Ensure cash and holding reconciliation breaks have proper backup support for each monthly close
• Ensure SLA requirements for internal and external parties are managed efficiently and effectively
• Keep Lead(s) and rest of team updated on progress of work, and communicate issues/delays timely to avoid missed deadlines
• Ensure work is completed thoroughly and accurately before submitting for review
• Review workflows and identify process improvements, and ways to make workflows more efficient.
• Escalate any issues or delays, pertaining to the items above, or other assigned tasks, to the Lead as soon as possible.
• Participate in other daily tasks as needed per the direction of the Lead or Manager.

Qualifications & Skills

• Bachelor’s Degree in Finance, Accounting, Business, or related field is required.
• Requires a minimum of 3-5 years of relevant work experience in Investment Operations.
• Working knowledge across various investment strategies and products.
• Strong business aptitude and time management skills.
• Proficient with Microsoft Office, especially excel, and propensity to quickly learn new applications, processes, and areas of business.
• Detail-oriented, with strong analytical and problem-solving skills.
• Highly motivated with the ability to work effectively independently and within a team.

Preferred

• Familiarity with BlackRock Aladdin, and SimCorp Dimension is preferred but not required.