Portfolio Services Accounting Associate

Chicago, Illinois • $80,000-$85,000
About the Company: 
Our client is a leading asset management firm looking to hire a Portfolio Services Accounting Associate to join their team.
Responsibilities: 
  • Maintain, review, and analyze GAAP and Statutory accounting information for fixed income, equity, and derivative positions and transactions for all applicable client portfolios in an accurate and timely manner
  • Responsible for complex research, analysis and processing of accurate market values and performance information for client and internal reporting
  •  Work with Client Service Support team to ensure that portfolio and security level accounting characteristics are correct at the point of initial account set-up
  • Assess income recognition on complex fixed income instruments and identify/resolve issues with system generated accruals
  • Analyze fund/account data to identify potential problems and develop appropriate solutions and recommendations
  • Evaluate efficiency and effectiveness of current processes and controls to make recommendations for continuous process improvement and support implementation
  • Responsible for ensuring that trades and transactional activity are properly being recorded in accounting system and performing reviews on system-to-system feeds of transactional activity
  • Investigate reasons for position breaks and report issues to management
  • Analytically review daily changes in market value and pricing activity to ensure that the daily market values of portfolios are accurately recorded by the accounting systemAssist in the development and documentation of policies and procedures for work performed
  • Actively participate and contribute to initiatives that generate greater accuracy in accounting information and processing efficiencies
Requirements: 
  • Currently holding or pursuing a CPA or CFA a plus
  • A background in GAAP and/or Statutory accounting for insurance company investments a plus
  • Experience with PAM for Investments or a similar investment accounting system
  • Experience with BlackRock Solutions and/or Wall Street Office or a similar investment book of records system
  • A background in GAAP and/or Statutory accounting for insurance company investments a plus
  • Sound working knowledge of fixed income and equity securities and an understanding of derivative accounting including interest rate derivatives, equity derivatives and credit derivatives
  • Problem solving skills and demonstrated ability to take initiative and critically analyze processes and procedures with the intention of constant improvement
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