Fund Operations, Financial Reporting

Arrowstreet Capital•Boston, MA

About The Position

The Fund Operations Team at Arrowstreet is responsible for managing the formation, development, and oversight of Arrowstreet Sponsored Funds, including their complex regulatory and operational needs. The Fund Operations team specifically manages the ongoing oversight of sponsored funds, ensuring deliverables and initiatives are completed accurately and on time. This involves overseeing 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 function is crucial to the investment management processes, requiring close collaboration with internal teams such as client relationship management, portfolio management, investment services, legal, compliance, and finance. This role offers an excellent opportunity to gain exposure and build expertise in key fund-related matters within the investment management business. The individual filling this position will work on a sub-group of the Fund Operations team, primarily focused on overseeing the audit process and the audited financial statement production process for Arrowstreet sponsored funds. This role involves close collaboration with two other team members, key internal stakeholders within the broader Funds Operations team, and external parties including 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 the demonstrated ability to work with data.
Ability to thrive in a fast-paced dynamic environment, with the ability to work on multiple tasks/projects at one time 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 is required.
4-7 years of relevant experience in the financial services or asset management industry.
Possesses a 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 volume of data, including data quality reviews is required.
Excellent interpersonal, verbal and written communication skills.
Ability to work with business and IT teams and be able to clearly articulate data problems and resolutions.

Nice To Haves

Accounting or Finance concentration is preferred.

Responsibilities

Assist in the day-to-day responsibilities and projects of the team.
Manage projects and deliverables and work to implement enhancements to increase throughput, achieve greater automation and greater economies of scale relating to the funds 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 our 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 in order to properly monitor and oversee the many fund service providers.
Contribute to projects and automation initiatives to enhance both the 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.