Associate Investment Accounting Operations

Guggenheim Investments•Chicago, IL

3d•Onsite

About The Position

Guggenheim Investments is seeking an Associate to join its Investment Accounting team in 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 the accuracy of assets under management and performance values for internal reporting, and resolves cash and position reconciliation exceptions. The position is located in the Chicago office. The successful candidate is detail-oriented, innovative, enthusiastic to learn, able to own processes and manage time efficiently, and brings strong analytical and problem-solving skills. The role also supports initiatives to improve accounting accuracy and process efficiency, as well as ad hoc requests and special projects.

Requirements

Bachelor’s degree in finance or accounting.
At least 2 years of accounting experience in financial services, specifically 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.
Must be authorized to work in the United States without current or future visa sponsorship or transfer.

Nice To Haves

Currently holding or pursuing a CPA or CFA; CPA is preferred.
Comprehensive knowledge of fixed income, loans, limited partnerships, and equity securities.
Experience with Aladdin by BlackRock solutions and/or 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 transactional and positional data in the accounting system is accurate for performance-returns calculations.
Identify risks and communicate them to reviewers.
Book partnership investment activity, P&L, and valuation using PCAP statements.
Reconcile client-portfolio gross asset value to client accounting service values and work with client accounting 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 that improve accounting accuracy and process efficiency.
Assist with ad hoc requests and special projects as assigned.