Senior Associate, Portfolio Operations
About The Position
This is a vital role in ensuring MFS can calculate independent Net Asset Values of investment funds. A Portfolio Operations (PO) Senior Associate will operate and oversee reconciliation and NAV review technology to deliver a full reconciled Gross Asset Valuation (GAV) to client operations teams or clients, including cash, positions, dividend & interest reconciliations. A PO Senior Associate will have a strong understanding of what drives the value of an investment fund, the types of products it trades and the nature of day-to-day operations between an investment fund and its counterparties, all alongside a keen interest in learning new technologies and skills. A PO Senior Associate may be tasked with reviewing the work of an Associate; ensuring tasks are completed and issues appropriately investigated. A Senior Associate will likely be the lead for at least one client, being first point of contact and owning the day-to-day relationship in PO.
Requirements
- University degree in Computer Science, Math, Finance, Accounting or an equivalent combination of education.
- At least 2 years’ experience within the investor services or asset management industry.
- Microsoft office applications.
- Understanding of securities such as equities, bonds, forwards, futures, options & OTC derivatives.
Nice To Haves
- Experience with a reconciliation technology, a portfolio management system or an investment accounting general ledger.
- Advanced Excel knowledge; comfortable with pivot table and functions e.g. TEXT, LOOKUP, MATH
- Intermediate knowledge of VBA, SQL or any programming knowledge would be an advantage
Responsibilities
- Ensure client transaction processing is complete, corporate actions have been booked correctly & security pricing is accurate.
- Review pricing of portfolios, confirming securities such as equities, options, futures, bonds & OTC derivatives are priced correctly. Gather security prices from vendors such as Bloomberg & ICE when necessary.
- Operate and oversee reconciliation technology to deliver Investment Manager positions and profit & loss reconciliations.
- Perform GAV reviews
- Liaise with custodians, brokers and other counterparties on an ongoing basis for break resolutions and process improvements.
- Provide great client service to all our clients be they internal or external.
- Respond to queries from clients in a timely and efficient manner.
Benefits
- We thank all candidates for applying; however, only those proceeding to the interview stage will be contacted.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
