Guggenheim Investments
Finance
AccountingOperationsAssociate
Neural analysis suggests this role is
optimal for Entry candidates.
“Accounting Operations Associate at Guggenheim Investments. Skills: Investment accounting, Financial services accounting, Back-office investment operations, Fund accounting, MS Excel, GAAP, Statutory accounting. Monitor accounting system production timely execute checks and controls to ensure accurate data in accounting system.. On daily basis ensure transactions and income are properly recorded in the accounting be able to trouble shoot, correct and identify root causes of the issues.”
What You'll Achieve.
Ensuring accuracy of assets under management; Ensuring accuracy of performance values; Ensuring accurate data in accounting system; Ensure new portfolio and security-level accounting records are correct; Support accurate accounting book values and yields; Generate greater accuracy in accounting information and process
Industry & Context.
Trouble shoot; Correct issues; Identify root causes of the issues; Research variances; Resolve exceptions
Authorized to work in the US without current or future visa sponsorship or transfer
What They're Looking For.
Must Have
Bachelor’s degree in finance or accounting, 2+ years’ accounting experience in financial services, specifically back-office investment operations and/or fund accounting, Proficiency in MS Excel (including understanding of complex formulas for large data analytics), Access, Word, etc., 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 Have
Currently holding or pursuing CPA (preferrable) or CFA, Comprehensive knowledge about fixed income, loans, limited partnerships, and equity securities, Experience with PAM for Investments, BlackRock Solutions and/or Wall Street Office or a similar investment system, GAAP and/or Statutory accounting for insurance company investments
What You'll Do.
Monitor accounting system production timely execute checks and controls to ensure accurate data in accounting system., On daily basis ensure transactions and income are properly recorded in the accounting be able to trouble shoot, correct and identify root causes of the issues., Work with Client Service Support team to ensure new portfolio and security-level accounting records are correct at the point of initial account set-up., Verify accuracy of asset transfers and corporate actions recorded in the accounting system., Periodically review earned interest for more complex investments., Analyze fixed income securities book yields in accounting book of records (“ABOR”)
process book value adjustments, load and validate expected cash flow assumptions to support accurate accounting book values and yields., Reconcile periodically ABOR asset market values, accrued interest and cash balances to investment book of records (“IBOR”)
identify, research and clearly summarize variances., For certain portfolios, ensure holdings are reconciled to positions and values reported by Custodians. Communicate and resolve exceptions with Custodians., Reconcile available cash to settled cash (including reconciliation of open receivable/payable for securities and interest due)., Prepare monthly reports for internal clients based on accounting datasets., Participate and contribute to initiatives that generate greater accuracy in accounting information and process assist with special projects and ad hoc requests as assigned.
How You'll Work.
Team & Collaboration
Work with Client Service Support team; Collaborate with a diverse group
Communication Scope
Clearly summarize variances; Communicate exceptions with Custodians
Process & Methodology
Assist with special projects and ad hoc requests as assigned
Full Job Description
# # _**Position Summary**_ Guggenheim Investments is seeking an aspiring candidate to join its Investment Accounting team as Associate in the Investment Operations Department. This person will participate in analyzing security-level accounting information for client portfolio; maintaining GAAP and Statutory balance sheet values used in internal portfolio management decision-making process; ensuring accuracy of assets under management and performance values for internal reporting; and resolving cash and position reconciliation exceptions. The ideal candidate should be detail-oriented, innovative, and enthusiastic to learn; have ability to take ownership of processes and manage time efficiently; possess analytical and problem-solving skills. This role is based in our Chicago office full-time. # _**Responsibilities**_ # **Key Responsibilities** * Monitor accounting system production jobs; timely execute checks and controls to ensure accurate data in accounting system. * On daily basis ensure transactions and income are properly recorded in the accounting system; be able to trouble shoot, correct and identify root causes of the issues. * Work with Client Service Support team to ensure new portfolio and security-level accounting records are correct at the point of initial account set-up. * Verify accuracy of asset transfers and corporate actions recorded in the accounting system. * Periodically review earned interest for more complex investments. * Analyze fixed income securities book yields in accounting book of records (“ABOR”); process book value adjustments, load and validate expected cash flow assumptions to support accurate accounting book values and yields. * Reconcile periodically ABOR asset market values, accrued interest and cash balances to investment book of records (“IBOR”); identify, research and clearly summarize variances. * For certain portfolios, ensure holdings are reconciled to positions and values reported by Custodians. Communicate and resolve excep
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