Senior Portfolio Accounting Analyst

Wellington Management; Boston (MA); On-site; USD 80,000 - 180,000; Full time

Job summary

An established industry player is seeking a Senior Portfolio Accounting Analyst to join their Reconciliation Team. This role is pivotal in ensuring the integrity of accounting records and involves meticulous research to resolve discrepancies with client custodians. The ideal candidate will bring 3-5 years of experience in the Financial Services sector, showcasing a strong foundation in accounting, excellent communication skills, and a collaborative spirit. This innovative firm values diverse perspectives and offers a competitive compensation package, including a base salary ranging from USD 80,000 to 180,000, alongside comprehensive benefits to support employee well-being and professional growth.

Benefits

Retirement plan

Health and wellbeing coverage

Dental insurance

Vision insurance

Pharmacy coverage

Health savings account

Flexible spending accounts

Employee assistance program

Life and disability insurance

Tuition/CFA reimbursement

Qualifications

• 3-5 years of experience in Financial Services.
• Accounting, custody, and reconciliation experience required.

Responsibilities

• Resolve open reconciliation items with internal groups.
• Analyze bank data to enhance reconciliation quality.

Skills

Attention to detail

Strong communication skills

Investigation skills

Inquisitive mindset

Team collaboration

Education

Bachelor’s degree

Tools

Excel

SQL

Python

Job description

About Us

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

About the Role

Tracing its roots to the founding of the Wellington Fund in 1928, the original Wellington Management Company was incorporated in 1933. Wellington Management serves an extremely diverse mix of institutional investors located in over 61 countries. Our clients include public funds, central banks, insurance entities, endowments, foundations, mutual fund sponsors, retirement plan sponsors — both defined benefit and defined contribution — and many other types of institutions. Wellington Management does not engage in any business other than managing money on behalf of our clients. Our mission is to exceed the investment objectives and service expectations of our clients worldwide, and by doing so, ensure the viability of the firm. In addition, we seek to be a leader, an innovator, and a symbol of integrity in the investment management business. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative culture of inclusivity because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise.

JOB OVERVIEW

Portfolio Accounting is responsible for the integrity of Wellington’s records, including reconciliation with our client’s custodians, to ensure we can provide comprehensive, accurate and transparent information to the firm. Accounting data serves as a foundational data source for our investors, clients, and infrastructure teams who support the firm. The Senior Portfolio Accounting Analyst on the Reconciliation Team is primarily responsible for research and resolution of reconciliation items between Wellington and our client’s custodian banks, prime brokers, and accounting agents (“banks”). They possess a broad understanding of investment accounting and the drivers and root causes that lead to reconciliation differences. Attention to detail, and strong communication and investigation skills are essential to success.

RESPONSIBILITIES

• Work closely with internal groups to identify and resolve open reconciliation items
• Identify break patterns and opportunities for process and control improvements
• Use bank portals in the research of position, cash, and market value differences
• Maintain concise documentation and proper audit trail for in-flight items
• Analyze bank data to improve the quality of the reconciliation results
• Collaborate and provide guidance to outsourced team members on escalated issues or inquiries

QUALIFICATIONS

• A bachelor’s degree
• 3-5 years of experience in the Financial Services industry
• Accounting, custody, and/or reconciliation experience
• Experience working with data in Excel
• SQL or Python knowledge is a plus
• Deep understanding of accounting for fixed income and equity
• Baseline understanding of accounting for derivatives and synthetic exposures
• Inquisitive and comfortable challenging the status quo
• Demonstrated effective communication skills, and a high level of attention to detail
• Comfort working across a global team
• Strong interpersonal skills and experience in a collaborative, team-based, results-oriented environment
• Cheerful outlook, self-motivated and willing to work in an energetic, fast-paced team environment

Not sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law.

At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry. We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is: USD 80,000 - 180,000. This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.

Base salary is only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/or Incentives, if eligible. In addition, we offer a comprehensive and high-value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time).