Fund Operations, Financial Reporting

Arrowstreet Capital•Boston, MA

1d•$75,000 - $115,000•Onsite

About The Position

The Fund Operations Team at Arrowstreet is responsible for managing the formation, development, and oversight of Arrowstreet Sponsored Funds, addressing complex regulatory and operational needs. The Fund Operations team, a part of the Funds Group, oversees the sponsored funds on an ongoing basis, ensuring timely and accurate completion of deliverables and initiatives. This includes managing relationships with administrators, custodians, prime brokers, auditors, and tax service providers, as well as developing and overseeing operational procedures and reporting for the funds. This role is crucial to the investment management processes and involves close collaboration with internal teams such as client relationship management, portfolio management, investment services, legal, compliance, and finance. This position offers an excellent opportunity to gain expertise in key fund-related matters within the investment management business. The individual will focus on overseeing the audit process and the production of audited financial statements for Arrowstreet sponsored funds, working closely with two other team members and external stakeholders like fund administrators, auditors, trustees, and directors.

Requirements

Direct work experience in the asset management industry with robust knowledge of financial reporting or auditing.
Experience working with service providers and familiarity with audit engagements and financial statement production.
Strong problem-solving and critical thinking skills with demonstrated ability to productively collaborate across teams to complete deliverables.
Strong operational and accounting background with demonstrated ability to implement procedures and institute checks to ensure quality of work.
Excellent organizational, time management, and verbal/written communication skills.
History of continuous process improvement or implementation of initiatives that improve efficiency.
Strong data management skills, including proficiency with Microsoft Excel, with demonstrated ability to work with data.
Ability to thrive in a fast-paced dynamic environment, work on multiple tasks/projects simultaneously while seeing each through to resolution.
Ability to work productively, both independently and in a team environment.
Demonstrated ability to work on assignments and projects with minimal supervision while proactively providing updates, facilitating reviews of progress, and delivering to deadlines.
Experience working with both internal and external stakeholders.
Bachelor’s degree required; Accounting or Finance concentration preferred.
4-7 years of relevant experience in the financial services or asset management industry.
Strong financial reporting, audit and/or accounting background with a demonstrated focus on procedures and continuous process improvement.
Analytical and structured thinking, with a keen interest in how things work.
Willingness to investigate issues and follow through to resolution.
Strong Microsoft Excel skills and proficiency with large volumes of data, including data quality reviews is required.
Excellent interpersonal, verbal and written communication skills.
Ability to work with business and IT teams and articulate data problems and resolutions clearly.

Responsibilities

Assist in the day-to-day responsibilities and projects of the team.
Manage projects and deliverables, implementing enhancements to increase throughput, achieve greater automation, and realize economies of scale related to fund audit and financial statement processes.
Collaborate with internal teams to successfully complete deliverables.
Contribute to the enhancement of workflows and hand-offs across teams to collectively improve procedures.
Contribute to designing, maintaining, and owning operational workflows in an efficient and automated manner.
Develop checks, procedures, and calendars of deliverables, and collaborate with internal and external teams to enhance and automate processes.
Contribute to developing and maintaining operational workflows in an efficient and automated manner to properly monitor and oversee fund service providers.
Contribute to projects and automation initiatives to enhance both fund operations and fund governance processes.
Assist in developing business requirements and collaborate with internal teams to institute new tools, systems, and reporting capabilities.
Identify and propose best practices for existing controls and checks.