Investment Accounting Senior Associate
About The Position
Guggenheim Investments is seeking an aspiring candidate to join its Investment Accounting team as Senior Associate in the Investment Operations Department. This person will be responsible for analyzing security-level accounting information for client portfolio; maintaining GAAP and Statutory balance sheet values used in internal portfolio management decision-making process; ensure accuracy of assets under management and performance values for internal reporting; and resolving cash and position reconciliation exceptions. The right candidate should have 3+ years’ experience in investment accounting field, preferably in investment insurance space; possess critical and analytical-thinking skills; have ability to take ownership of processes; manage time efficiently; be innovative, detail-oriented and enthusiastic to learn. A key aspect of the role is collaborating and communicating with other groups within Investment Operations, Client Service Support and Portfolio Manager teams.
Requirements
- Bachelor’s degree in finance or accounting.
- 3+ years’ accounting experience in financial services, specifically investment accounting for insurance entities.
- Proficiency in Excel (including understanding complex formulas for large data analytics), Access, Word, and SQL for querying cloud-based database.
- Team-oriented individual with ability to collaborate with a diverse group.
- Ability to multitask, prioritize and meet tight deadlines in a fast-paced environment, while maintaining accuracy and quality of work.
Nice To Haves
- Currently holding or pursuing CPA (preferrable) or CFA.
- Comprehensive knowledge about accounting for fixed income, loans, limited partnerships, and equity securities.
- Experience with BlackRock Solutions and/or Wall Street Office or a similar investment system.
- 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 impact to book values and yields
- Analyze 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 accuracy of transactional and positional data in accounting system for performance returns calculation
- Identify risks and communicate to reviewers
- Book partnership investment activity, P&L, and valuation via PCAP statements
- Reconcile gross asset value of client portfolios to client accounting service values; work with clients’ accounting services to clear reconciliation exceptions.
- Review monthly income earned on bank loan assets and process required correcting transactions in accounting system
- Actively p articipate and contribute to initiatives that generate greater accuracy in accounting information and process efficiencies; meaningfully assist with ad hoc requests and special projects as assigned
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
1,001-5,000 employees
