Fund Operations, Financial Reporting

The Fund Operations Team

Arrowstreet is the investment adviser to, and promoter of, a number of pooled investment funds, each of which is managed according to one of our offered investment strategies and designed to take into consideration the domicile and regulatory characteristics of the investors. The Funds Group within Arrowstreet is a team of experienced professionals responsible for managing the formation, development and oversight of the Arrowstreet Sponsored Funds, including complex regulatory and operational needs of these products. The Fund Operations team is a group within the Funds Group.

The Fund Operations team manages the oversight of our sponsored funds on an ongoing basis, and ensures associated deliverables and initiatives are completed accurately and on time. The team oversees the relationships with the administrators, custodians, prime brokers, auditors and tax service providers of our sponsored funds, and is responsible for developing and overseeing the operational procedures and reporting on behalf of the funds. This function is critical to our overall investment management processes. Members of this team collaborative closely with team across the firm, including client relationship management (CRM), portfolio management and investment services, legal and compliance, and finance. This role and its responsibilities present an excellent opportunity to gain exposure to, and build expertise in, key fund-related matters of the investment management business.

Job Overview

The individual filling this position will work on a sub-group of the Fund Operations team, primarily dedicated to the oversight of the audit process as it relates to the Arrowstreet sponsored funds, and the oversight of the audited financial statement production process for the funds. This individual will work closely with two other team members, as well as key internal stakeholders within the broader Funds Operations team, and externally with the fund administrators, auditors, trustees, and directors.

Responsibilities:

• Assist in the day-to-day responsibilities and projects of the team. Manage projects and deliverables and work to implement enhancements to increase throughput, achieve greater automation and greater economies of scale relating to the funds audit and financial statement processes.
• Collaborate with internal teams to successfully complete deliverables. Contribute to the enhancement of workflows and hand-offs across teams to collectively improve our procedures.
• Contribute to designing, maintaining, and owning operational workflows in an efficient and automated manner. Develop checks, procedures, and calendars of deliverables and collaborate with internal and external teams to enhance and automate processes.
• Contribute to developing and maintaining operational workflows in an efficient and automated manner in order to properly monitor and oversee the many fund service providers.
• Contribute to projects and automation initiatives to enhance both the fund operations and fund governance processes. Assist in developing business requirements and collaborate with internal teams to institute new tools, systems and reporting capabilities. Identify and propose best practices for existing controls and checks.

The ideal candidate will:

• Have direct work experience in the asset management industry with robust knowledge of financial reporting or auditing.
• Have experience working with service providers and familiarity with audit engagements and financial statement production.
• Possess strong problem solving and critical thinking skills with demonstrated ability to productively collaborate across teams to complete deliverables.
• Possess a strong operational and accounting background with demonstrated ability to implement procedures and institute checks to ensure quality of work.
• Demonstrate excellent organizational, time management and verbal/written communication skills
• Demonstrate a history of continuous process improvement or implementation of initiatives that improve efficiency.
• Possess strong data management skills, including proficiency with Microsoft Excel, with the demonstrated ability to work with data.
• Thrive in a fast-paced dynamic environment, have the ability to work on multiple tasks/projects at one time while seeing each through to resolution.
• Work productively, both independently and in a team environment.
• Demonstrate the ability to work on assignments and projects with minimal supervision while proactively providing updates, facilitating reviews of progress and delivering to deadlines.
• Has experience working with both internal and external stakeholders.

Qualifications :

• Bachelor's degree is required; Accounting or Finance concentration is preferred.
• 4-7 years of relevant experience in the financial services or asset management industry.
• Possesses a strong financial reporting, audit and/or accounting background with a demonstrated focus on procedures and continuous process improvement.
• Analytical and structured thinking, with a keen interest in how things work.
• Willingness to investigate issues and follow through to resolution.
• Strong Microsoft Excel skills and proficiency with large volume of data, including data quality reviews is required.
• Excellent interpersonal, verbal and written communication skills.
• Ability to work with business and IT teams and be able to clearly articulate data problems and resolutions.

The base salary range for this position is $75,000 to $115,000 per year.

Arrowstreet Capital operates a robust talent acquisition program, and we also seek to compensate and reward our employees competitively within our industry and in line with our merit-based culture. Our approach to total compensation includes base salaries and annual discretionary bonuses, as well as a robust benefits package. The determination of a successful candidate's base salary placement within the listed range will vary based on the candidate's relevant experience and qualifications (which may also include relevant certifications, credentials and other education), the job responsibilities and scope, the commensurate resulting level of the position and other relevant factors. The listed range is also an estimate, and additional information regarding base salary and other elements of total compensation offered by Arrowstreet Capital to successful applicants will be communicated during the recruitment process.


Arrowstreet Capital is a Boston-based systematic investment firm that manages global equity portfolios for institutional investors around the world.


All qualified applicants will receive consideration for employment without regard to sex, race, color, religion, national origin, ancestry, genetic information, age, pregnancy, medical condition, disability, veteran or military status, marital status or any other characteristic protected by federal, state, or local law.

Arrowstreet Capital is committed to working with and providing reasonable accommodations for qualified individuals with disabilities and disabled veterans. If you need a reasonable accommodation for any part of the employment process due to a disability, contact us to discuss the nature of your request and contact information.