Leading global investment management firm is looking for a motivated Portfolio Operations Associate-Transitions at their headquarters in Los Angeles.
**Pay: $120K-$140K + 15%-20% Bonus ($130K-$170K Total Comp)
**Hybrid-Remote: 3 days/week in office**
The Portfolio Associate is responsible for the initial set up and ongoing maintenance of the investment portfolios in the firm’s systems.
Responsibilities:
- Maintain internally developed portfolio onboarding application and golden source of portfolio data
- Communicate improvement suggestions to application developers for process enhancement and risk mitigation
- Create, maintain, and close portfolios in the firm’s order management system and accounting system
- Manage communication of portfolio set up, changes, or closing to business partners to anticipate downstream effects to their processes
- Interface with accounting teams for mapping of accounting system chart of accounts to firm general ledgers during month-end close
- Portfolio Control duties over time may include user access, user entitlements, report scheduling, trade amendment, and general administrative duties
- Help facilitate transfers process for the firm including continuing to build and strengthen processes and controls around them as well as enhance policies and procedures
- Custodian setup and removal process for users for the firm
- Facilitate the transitions of new deals
- Assist Investment Teams with administrative trading
- Help coordinate new third-party client onboarding across internal and external stakeholders and various applications. Internal stakeholders include : Investment Teams, Client Relationship/Support Teams, Compliance, Investment Accounting, Legal, Trade Support, Technology and Data Office.
Qualifications and Experience:
- Bachelor’s degree in Finance, Accounting or Business
- 5 years of industry experience in an asset management, broker/dealer or in a custodian account administration setting
- Prior experience in Operations or Middle Office preferred, including any experience in Transitions or Account Set-up
- Experience working with various investment products including Corporate Bonds, Treasuries, FX, Privates, Alternatives, and Derivatives
- Technology skills, specifically Bloomberg, Excel and SQL or PythonExperience using systems supporting portfolio management or custody operations (State Street PAM for Investments, thinkFolio and Aladdin Explore experience a plus)
- Experience in managing/supporting projects across functional areas
- Strong organizational skills and demonstrated capacity to work independently
- Positive team player
- Technology skills, specifically Bloomberg, Excel and SQL or Python
