Operations - Portfolio Accounting

Position Summary

Guggenheim is seeking an aspirational candidate to join its Investment Accounting team as Associate in the Investment Operations Department. This person will be responsible for resolving cash and position reconciliation exceptions; analyzing security-level accounting information for client portfolio; and ensure accuracy of assets under management and performance values for internal reporting. A key aspect of the role is collaboration and communication with other groups within Investment Operations, Client Service Support and Portfolio Manager teams.
The ideal candidate should be detail-oriented, innovative, and passionate; have ability to take ownership of processes and manage time efficiently; possess analytical and problem-solving skills.

Responsibilities

Key Responsibilities

• Prepare and analyze GAAP and Statutory investment accounting positions and transactions for all client portfolios
• Prepare analysis of asset recoverability and impairment accounting
• Prepare analysis of cash flows and changes in yields to verify book values and yields
• Identify risks and communicate to reviewers
• Book partnership investment activity, P&L, and valuation via PCAP statements
• Reconcile gross asset value of client portfolios to client accounting service values; work with clients’ accounting services to clear reconciliation exceptions.
• Review monthly income earned on bank loan assets and process required correcting transactions in accounting system

Qualifications

Basic Qualifications

• Bachelor’s degree in finance or accounting.
• 2+ years’ accounting experience in financial services, specifically back-office investment operations and/or fund accounting.
• Proficiency in MS Excel (including understanding of complex formulas for large data analytics), Access, Word, etc.
• Team-oriented individual with ability to collaborate with a diverse group.
• Ability to multitask, prioritize and meet tight deadlines in a fast-paced environment, while maintaining accuracy and quality of work.

Preferred Qualifications

• Currently holding or pursuing CPA (preferrable) or CFA.
• Comprehensive knowledge about fixed income, loans, limited partnerships, and equity securities.
• Experience with PAM for Investments, BlackRock Solutions and/or Wall Street Office or a similar investment system.
• GAAP and/or Statutory accounting for insurance company investments.

Salary Details

Actual base salaries may vary depending on factors such as location and experience.

Currently, this role is expected to be in the ­Chicago office at least 4 days per week.