Portfolio Accounting Analyst Portfolio Accounting Analyst …

Wellington Management Company, LLP
in Boston, MA, United States
Permanent, Full time
Last application, 21 Jan 21
Competitive
Wellington Management Company, LLP
in Boston, MA, United States
Permanent, Full time
Last application, 21 Jan 21
Competitive
Portfolio Accounting Analyst
WELLINGTON MANAGEMENT

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 55 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.

POSITION

The Portfolio Accounting Analyst ("The Analyst") will be part of the Cash Control team within Portfolio Administration. Portfolio Administration is a part of InvestTech which provides each of Wellington's investment teams with the data, controls, and support they need to ensure that their investment intent is accurately reflected in accordance with client regulatory and operational requirements. Other teams within InvestTech include Portfolio Implementation, Portfolio Data, and Portfolio Integrity.

The Analyst will be responsible for operational support and driving key initiatives related to the accuracy of the firm's internal representation of client Cash balances. Many of the initiatives include working in a team setting and communicating regularly with other groups within Portfolio Administration as well as vendors, Client Services/GRG, Portfolio Management, Fixed Income and Equity Trading teams, and Banks.

RESPONSIBILITIES
  • Work with key partners across InvestTech to assess non-working balance and related process anomalies to remediate exceptions and ensure cash and accounting accuracy for investment teams
  • Support the efficient management of cash for our clients by being proactive and collaborating to develop solutions to realize efficiency gains and reduce overall operating risk posture
  • Lead and participate in both tactical and strategic initiatives relative to improving cash data and accounting workflows, with a focus on foreign exchange (FX) workflow improvement
  • Liaise with Investor, Client Service, Portfolio Accounting, and all internal stakeholders to support investment operations as an account controller
  • Gain a thorough understanding of the operating model through daily oversight of all primary Cash Control workflows including FX order reconciliation, execution, and processing, in addition to common cash impacting events such as overdrafts, TA Capstock, expense processing, and all related cash ledger events.
  • Assess and create control reports to allow for efficient and independent workflow management and rigor relative to controls
  • Work collaboratively with colleagues to define and implement effective solutions to complex business challenges and/or process improvements
  • Provide guidance and expertise to Business Analysts and IT regarding development and requirements to support improved workflow tools
  • Review our accounting capabilities and make recommendations to refine service delivery to the investment teams by working with portfolio analyst in all sectors (Equity, Fixed, Alternative)
QUALIFICATIONS

The successful candidate for this role must have a college degree and a minimum of 5-7 years of experience in the financial services industry with working knowledge of investment management as well as custodian bank processes. An advanced degree or CFA is a plus. The individual must be well organized, resourceful, motivated and have the ability to adjust to rapidly changing priorities. The candidate will have strong and demonstrated communication, operations and project management skills. Other important qualifications and experience would include:
  • Broad knowledge of capital markets
  • Extensive custody and accounting / recordkeeping experience
  • Knowledge of foreign exchange transactions and their impact on recordkeeping
  • Proven track record of initiating and managing change utilizing strong business judgment, risk analysis and risk mitigation techniques
  • Solid understanding of investment management operations and support practices
  • Well-developed interpersonal, presentation and communication skills, both verbal and written
  • Excellent organizational, interpretation and decision making skills
  • Demonstrate strong business judgment, including the ability to synthesize multiple complex issues and effectively balance competing objectives
  • Dedicated, highly motivated and passionate professional with a strong service and investment orientation
  • Ability to think with vision and communicate concisely
  • Ability to partner effectively with others
  • High degree of integrity and professionalism
SKILLS

JOB TITLE
Portfolio Accounting Analyst

LOCATION
100 Federal Street

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 . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com .
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