Loan Services - Reconciliation Associate

Guggenheim Investments•New York City, NY

7d•$85,000 - $100,000

About The Position

Guggenheim Investments is seeking an exceptional candidate to join its Investment Management Operations function. The Reconciliation Associate is part of the Guggenheim Investments Portfolio Operations team and is responsible for ensuring that both cash and positions across assigned portfolios are accurate. The ideal candidate will be extremely organized while having the confidence and communication skills to effectively work in a team setting. A key aspect of the role is managing and liaising with counterparts at global custodians to minimize market risk, in addition to effectively communicating cross functionally with internal teams. The Associate role requires the ability to analyze upstream business processes and understand where gaps may exist and propose recommendations for process improvements. This position is located in our Chicago or New York office, full-time.

Requirements

Undergraduate degree with 2+ years of relevant work experience in investment management or financial services environment
Proficient in the use of Microsoft Office Suite, specifically Excel
Must be able to multi-task in a fast paced and challenging environment

Nice To Haves

Bachelor’s degree with 2+ years of relevant work experience
At Bank loan related experience is strongly preferred
Knowledge of Wall Street Office and/or Aladdin strongly preferred
Organized, detail oriented and extremely thorough with strong problem-solving skills and demonstrated ability to take initiative
Must be able to successfully engage in multiple initiatives simultaneously
Team oriented individual with ability to work well with diverse groups
Able to translate between technical and business leaders at the highest levels
Excellent written and verbal communication skills with an ability to collaborate with internal teams and external parties and service providers

Responsibilities

Reconcile cash and positions with external parties and across Wall Street Office and BlackRock Aladdin systems
Process activity in Wall Street Office and Aladdin databases
Research and resolve bank loan cash and position discrepancies in both WSO and Aladdin systems
Provide liquidity for the accounts that Bank Loan Reconciliation team is responsible for to the trading desk
Review PNI transactions and positions between WSO and BRS to ensure that transactions are consistent across both systems
Address cash reconciliation inquiries from various internal and external parties
Analyze differences and breaks on positions, accrued income and cash with fund administrators on Monthly and Weekly NAV analyses.
Serve as liaison between administrative agent banks and custodians
Review and maintain contract level information and make sure that data is consistent with our third-party vendors
Provides external/internal parties with notices and other loan-related documentation
Review, request approval and process borrowing requests that come from various administrative agents
Review of unscheduled commitment reductions processed by third-party vendors and administrative agents
Review Amort schedules between our WSO and Markit daily reports and address any exceptions
Address any ad hoc requests related to cash and positions data for Bank Loans