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Sr. Investment Operations Associate

Job Title:

Sr. Investment Operations Associate


Newark, NJ





Job Description:

Sr. Investment Operations Associate

The Portfolio Administration group is responsible for providing operational support to the Investment Management Fixed Income business.  This includes but not limited to daily cash and asset reconciliations as well as open dialogue with the portfolio managers and relevant internal and external business partners. 

Job responsibilities include:


  • Reconciling cash on a daily basis, between internal systems; PAM and Aladdin with the Custody bank for each fund.
  • Reconciling holdings on a monthly basis. between internal systems; PAM and Aladdin with the Accounting Agent or Custodian for each fund.
  • Reconciling Net Asset Values on a monthly basis between our internal systems; PAM and Aladdin with the accounts official NAV source.
  • Independently researching and resolving cash and asset related discrepancies.
  • Proactively communicating issues to relevant business partners.
  • Assuming ownership for operational issues that are raised and providing resolution in a manner that considers the impact to other operational areas.
  • Anticipating issues that may adversely affect the operational support of the funds and taking action to reduce the risk of occurrences.
  • Cultivating both internal and external relationships to ensure proper service levels are achieved for each fund supported.
  • Developing an understanding of Fixed Income products in order to increase service levels.
  • Experience in writing operational procedures
  • Training new members within the unit.
  • Some knowledge of Sarbanes-Oxley / Audit controls, a plus



Job Requirements:


Ideal candidate will have recent experience with reconciliation and good understanding of Derivatives, Fixed Income, Swaps and/or MBS.  Must have strong working experience with Excel and be able to do VLOOKUP’s, Pivot Tables and Macros.  Hands on working experience with the day to day “nuts and bolts” of the Accounting side of the business required.  The day to day responsibility will be supporting the a team of 20-25 Fund Accountants who primarily work with 3rd party institutional clients balancing client book-of-records, associated income and reconcile daily cash accounts. Person should know how to do assets reconciliation, monthly holdings and cost base analysis across 25-30 client portfolios.  Systems experience with PAM or Aladdin is highly desirable but not mandatory.  

  • Degree in Accounting, Economics, Finance or Business preferred.
  • Strong knowledge of fixed income products, investment strategies and derivatives.
  • Prior experience, 5 years of experience in accounting or custody operations.
  • Proven ability to develop and cultivate relationships across all staff levels.
  • Strong analytical and problem solving skills.
  • Self-motivation and ability to work within a team environment.
  • PC skills with strong knowledge of excel.
  • Strong written and verbal communication skills.
  • Enjoys a fast-paced, high-intensity environment.
  • Works well as part of a team.
  • Able to multi-task and absorb information across a broad spectrum of products.
  • Ability to be organized, flexible, prioritize tasks and work in a deadline oriented environment.
  • Experience with Systems, PAM, Aladdin and Bloomberg a plus




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