Associate Investment Accounting Operations

Guggenheim Investments•Chicago, IL

5d•$110,000 - $115,000•Onsite

About The Position

Guggenheim Investments is seeking an Associate to join its Investment Accounting team within the Investment Operations department. The role analyzes security-level accounting information for client portfolios; maintains GAAP and Statutory balance sheet values used in internal portfolio-management decisions; ensures accurate assets-under-management and performance values for internal reporting; and resolves cash and position reconciliation exceptions. The ideal candidate is detail-oriented, innovative, enthusiastic to learn, and able to take ownership of processes, manage time efficiently, and apply analytical and problem-solving skills. This role is located in the Chicago office.

Requirements

Bachelor’s degree in finance or accounting.
At least 2 years of accounting experience in financial services, specifically in back-office investment operations and/or fund accounting.
Proficiency in MS Excel, including complex formulas for large datasets, and SQL.
Ability to collaborate with a diverse group as a team-oriented individual.
Ability to multitask, prioritize, and meet tight deadlines in a fast-paced environment while maintaining accuracy and quality of work.

Nice To Haves

Currently hold or be pursuing a CPA (preferred) or CFA.
Comprehensive knowledge of fixed income, loans, limited partnerships, and equity securities.
Experience with Aladdin by BlackRock solutions, Wall Street Office, or a similar investment system.
Experience with GAAP and/or Statutory accounting for insurance company investments.

Responsibilities

Prepare and analyze GAAP and Statutory investment accounting positions for all client portfolios.
Review changes in expected cash flows and analyze their impact on book values and yields.
Review the accuracy of book yields based on contractual terms and cash flows.
Analyze the impact of corporate actions, transfers, and other complex transactions on book yields and income.
Prepare analysis of asset recoverability and impairment accounting.
Execute checks and controls to ensure the accuracy of transactional and positional data in the accounting system for performance-return calculations.
Identify risks and communicate them to reviewers.
Book partnership investment activity, P&L, and valuation through PCAP statements.
Reconcile client portfolio gross asset values to client accounting service values and work with those services to clear reconciliation exceptions.
Review monthly income earned on bank loan assets and process required modifying transactions in the accounting system.
Participate in initiatives to improve accounting accuracy and process efficiency, and assist with ad hoc requests and special projects.