Senior Portfolio Accounting Analyst

Wellington Management Company; 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 dynamic team. This role is pivotal in maintaining the integrity of financial records and ensuring accurate reporting for investment decisions. The ideal candidate will leverage their extensive knowledge of accounting standards and investment operations to provide leadership and guidance across the firm. With a focus on continuous development, this position offers the opportunity to influence and enhance accounting capabilities, making a significant impact on the organization. If you are a motivated professional with a passion for finance and a commitment to excellence, this role is a perfect fit for you.

Benefits

Retirement Plan

Health and Wellbeing Benefits

Dental Coverage

Vision Coverage

Pharmacy Coverage

Flexible Spending Accounts

Employee Assistance Program

Life and Disability Insurance

Tuition/CFA Reimbursement

Paid Time Off

Qualifications

• 5-7 years in financial services with portfolio/fund accounting experience.
• Knowledge of investment operations and GAAP is essential.

Responsibilities

• Provide accounting expertise and oversee daily/monthly controls.
• Lead initiatives to enhance workflows and resolve accounting issues.

Skills

Accounting Standards Expertise

Portfolio Accounting

Investment Operations Knowledge

GAAP Knowledge

Interpersonal Skills

Analytical Skills

Change Management

Education

College Degree

CPA or CFA (preferred)

Advanced Degree (preferred)

Tools

Advent Geneva

Job description

Senior Portfolio Accounting Analyst page is loaded

Senior Portfolio Accounting Analyst

Apply locations Boston, MA, United States time type Full time posted on Posted 3 Days Ago job requisition id R91845

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

OVERVIEW

The position is part of the Portfolio Accounting Group within Global Operations. Portfolio Accounting manages and is responsible for the integrity of the books and records of Wellington including reconciliation with our client’s custodians to ensure we can provide comprehensive, accurate and transparent information to the firm. The integration of Portfolio Accounting with our investment capabilities provides investors transaction detail behind changes in positions, and a consolidated view of cash for more informed investment decisions.

The Portfolio Accounting Analyst is responsible for providing accounting expertise to the firm. This individual would also be responsible for maintaining and guiding the continuous development of our accounting capabilities and controls to ensure that we can provide our investors with timely and accurate positions, market values and cash balances to be incorporated into their investment decisions.

RESPONSIBILITIES

Primary responsibilities:

• Provide expertise on current accounting standards
• Central point of contact for inquiries related to accounting and applications utilizing accounting data: IBOR, performance, client guidelines, trade settlement, reconciliation, front end tools
• Oversee all daily, monthly, quarterly, and annual controls to ensure consistent and accurate accounting data
• Strategically review our accounting capabilities and make recommendations on areas where we need additional development
• Provide leadership and education across the firm regarding our accounting capabilities and work to resolve accounting issues experienced by cross-functional users of the data
• Perform impact analysis of regulatory and operational changes in portfolio accounting that impact the investment process and suggest ways to address changes, both tactically and strategically
• Provide guidance and expertise to Business Analysts and IT regarding development requirements for accounting initiatives

Qualifications

The successful candidate is likely to have or possesses the below skills, experience, and qualifications:

• A college degree and a minimum of 5-7 years of experience in the financial services industry with some experience working in portfolio or fund accounting
• In depth knowledge of investment operations including but not limited to: trade settlement; IBOR versus ABOR; fixed income and equity life cycle events; reconciliation; performance reporting
• A proven track record of developing, maintaining, and enhancing workflows/controls with understanding of potential impact of workflows on other areas of the firm
• Work towards CPA, advanced degree, or CFA is a plus
• Must be well organized, resourceful, and motivated
• Able to adjust to rapidly changing priorities
• Working knowledge of GAAP
• Extensive experience with fund accounting systems; preferably Advent Geneva
• Experience working with, and accounting for, derivatives and synthetic exposures.
• Proven track record of initiating and managing change utilizing strong business judgment, risk analysis skills and risk mitigation techniques
• Broad knowledge of capital markets
• Well-developed interpersonal and presentation skills, both verbal and written
• High degree of integrity and professionalism

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).