Portfolio & Investment Performance Operations

TIAA•Redwood City, CA

About The Position

Portfolio & Investment Performance Operations The Portfolio & Investment Performance Operations role is responsible for establishing financial practices and decision making on complex issues affecting the recordkeeping for trusts, annuities, and pooled income funds. This position understands and translates financial standards into controls that meet compliance requirements, has budget and performance accountability, guides key custodians, vendors, and other financial partners in assuring bookkeeping and accounting accuracy, and examines complex, non-cash client assets and determines how to characterize the financial assets and assesses impact. The position is primarily responsible for the portfolio accounting and performance calculation functions for the firm's investment advisory service. This job also provides technical and operational oversight to investment reporting functions.

Requirements

5+ years of experience in Investment performance reporting
Hands-on experience with APX portfolio management software
Bachelor's Degree Required
Physical Requirements: Sedentary Work

Nice To Haves

7+ years of experience in Investment performance reporting
Familiarity with Global Investment Performance Standards (GIPS) and SEC regulatory requirements
Ability to manage vendor and custodial relationships
Understanding of system architecture, integrations, and automation workflows
Experience with gift administration and ability to assess complex, non-cash assets
Experience collaborating with IT on systems acquisitions and development
Prior experience in an investment advisory or wealth management environment

Responsibilities

Manages the measurement and performance reporting needs for individual portfolios and groups.
Manages the construction, membership, calculation and performance reporting for all composites.
Responsible for the Global Investment Performance Standards (GIPS) verification process and adherence with regulatory standards (i.e. SEC).
Manages vendor and custodial relationships including cloud hosting support, ongoing operations and reporting outsourced services, and application upgrades and enhancements.
Monitors and manages performance of vendors through regular, timely feedback as well as the formal review process to ensure delivery of business requirements.
Documents and establishes business processes and controls for ongoing integration with the business.
Owns the firm’s portfolio management (APX) software solution including all related policies, standards, controls, compliance and audit requirements, business processes, data maintenance and governance, system integrations, and external departmental requests.
Designs and implements the strategies, processes, and tools for executing accounting operations and supporting the report creation process.
Implements and enhances operational and financial controls, policies, and procedures that improve the overall productivity and effectiveness of the operation and reduces risk.
Drives development and enhancement of operations and accounting systems and supporting applications.
Collaborates with IT in guiding systems acquisition and development.
Partners with client and reporting teams in optimizing interdepartmental processes and resolving issues to meet client performance and accounting and investment report deliverables.