Equity Account Management Specialist

Job Title

Equity Account Management Specialist

Who We Are

Jennison Associates is a global investment management firm with over $200 billion in Assets under Management spanning across a range of various equity and fixed income investment strategies. Jennison was founded in 1969 on the principle that doing what's best for clients will always be right for the business. Grounded in our firm values of integrity, collaboration and client focus, the mission across all areas of our firm is to deliver superior long-term investment returns and excellence in client service. This singular focus is embedded in our culture and reflected in the way we invest, the service we provide to our clients, and the people we hire. We recognize that each employee plays a key part in achieving our mission, regardless of their role or title. As a result, we continually strive to make Jennison a fulfilling and rewarding place to work for all employees.

Our Function

Process the daily accounting function for institutional and retail equity accounts as well as monthly cash and asset reconciliations. All work should be completed timely and accurately and reflect a solid understanding of Jennison Operations guidelines. The account load consists of Equity strategies with a range of 40-45 accounts depending on the account complexity.

Your Impact

Your responsibilities will include, but are not limited to the following:

• Ensure the accuracy of all portfolio accounting data
• Identify and independently resolve discrepancies while reconciling daily cash balances and transactions against the custodian.
• Reconcile daily positions and prices when applicable.
• Manage day to day relationships with brokers and custodians
• Understand trade settlement process for equity securities and necessary steps to facilitate settlement
• Understand corporate actions, dividends, tax reclaims, income and expense accruals
• Complete comprehensive month-end reconciliation packages including asset summary statements, positions and cash vehicles and currency balances
• Liaise with Portfolio Managers, brokers, and custodians for all accounting issues.
• Partner with our Investor Services Team, Securities Maintenance Group, Trade Support and Project Management Team to ensure best practices, optimal efficiency, and quality of work
• Analyze requests from custodians, brokers, and internal teams to provide best in class support
• Contribute to overall morale and the cohesiveness of our team
• Desired skills that will be additive to the role:
• Experience with TLM Smartstream and Eagle Star a plus

Your Required Skills

Your required skills must include:

• Bachelor's Degree required, preferably in Economics, Finance or Accounting
• Entry-level role; 0-2 years of experience in finance, asset management, or working with equity products
• Knowledgeable in equity and derivative securities and their relevant transaction postings on the asset manager's books
• Working knowledge of different securities (domestic & international equity, shorts, swaps and options)
• Proficient in MS Excel, with an ability to learn new systems
• Highly organized and detail-oriented
• Ability to multi-task and prioritize to meet deadlines
• Strong quantitative/analytical skills

What We Offer

Jennison offers a generous benefits package including but not limited to: premier medical benefits, paid time off, a retirement profit sharing plan, wellness reimbursement, fully paid parental leave, family planning support, paid membership to concierge primary care, supplemental mental wellness benefit provides annual allotment of fully paid therapy sessions and unlimited coaching, additional health and wellness benefits, and life insurance. Our hybrid work model provides employees with the flexibility to work remotely 2 days a week.

The base salary range for this role is $70,000 - $80,000. Individual salaries for this role may vary based on various factors including but not limited to, years of experience, range in corporate level, candidate skills, and geographic location. Eligibility to participate in a discretionary annual incentive program is subject to rules governing the program, whereby an award, if any, depends on various factors including but not limited to, individual and organizational performance.

Jennison is committed to treating all applicants and employees fairly and to providing equal opportunity in compliance with applicable federal, state and local laws. Jennison does not and will not discriminate against any employee or applicant for employment on the basis of race, religion, ancestry, color, gender, gender identity, pregnancy, age, physical or mental disability, national origin, marital status, sexual orientation, citizenship status, covered-veteran or military status, genetic information, and/or any other factor protected by law.