Operations Analyst - Parametric

Operations Analyst - Parametric

Parametric is hiring Operations Analysts across multiple Operations teams. These roles provide broad exposure to investment management operations and offer a strong foundation for career growth within financial services. Opportunities may be available across teams including Client Activities, Onboarding, New Account Activities, Billing, Trade Settlement, Portfolio Reconciliation, Corporate Actions, and Oversight.

Opportunities may be available in Seattle, Boston, Minneapolis, and Alpharetta.

The Operations Analyst role is an excellent opportunity for individuals interested in building a career in investment management and financial operations. This position offers broad exposure to the operational side of the business and provides a solid foundation for future growth within financial services.

As an Operations Analyst, you may work within teams across the Client Relations Group, Market Operations, and related Operations functions. These teams support key client and operational processes, including onboarding, oversight, billing, new account activities, client service, trade settlement, portfolio reconciliation, and corporate actions.

This role is well-suited for someone who is detail-oriented, eager to learn, analytical, process-driven, and comfortable working with high volumes of data under deadlines.

Salary: $28.85 per hour ($60,000 annualized), with eligibility for overtime.

Primary responsibilities include:

• Working with internal and external stakeholders and other key points of contact in a professional and responsive manner.
• Researching and resolving issues quickly, accurately, and with appropriate urgency.
• Communicating regularly with internal and external contacts to resolve issues, confirm information, and provide status updates.
• Collecting observations and helping translate them into actionable insights and recommendations for improvement.
• Completing daily assigned operations transactions, which may include cash or position reconciliation, trade posting, processing market events, new account setup, and account activity recording.
• Performing verification checks on similar work completed by others to help ensure accuracy and completeness.
• Ensuring thorough and accurate record keeping and maintenance of client records and files.
• Maintaining metrics, data, and related operational reporting as needed.
• Supporting ad hoc work, projects, and team priorities as needed.

Qualifications include:

• Associate degree or bachelor's degree preferred, with a concentration in Data Management, Finance, Accounting, Economics, or a related area of study; relevant work experience may be considered in lieu of a degree.
• Strong proficiency with Microsoft Office Suite, particularly Excel.
• Ability to manage high volumes of data under tight deadlines.
• Strong organizational and time management skills.
• Detail-oriented and process driven, with a strong focus on accuracy.
• Critical thinking, analytical, and problem-solving skills.
• Effective written and verbal communication skills.
• Self-motivated with the ability to work independently and collaborate within a team environment.
• Strong interest in starting a career in the investment management industry.

Opportunities in multiple locations - Seattle, Boston, & Alpharetta - across various teams, including:

Market Operations Teams

Trade Settlement

• Identify problems that could delay the timely settlement of trades via trade confirmation review, failed trade reports, and clear communications with portfolio management, trading counterparties and custodians.

Portfolio Reconciliation

• Perform problem solving activities via daily cash and position reconciliations between internal systems and various forms of custodians including banks, clearing brokers and counterparties.

Corporate Actions

• Work with corporate action vendors and custodians to monitor the impact of corporate actions on client accounts. This includes dividends, mergers, stock splits and spin-offs; The timely and accurate capture of corporate actions is critical to successful portfolio management.

Oversights

• Conduct reviews, oversight, and audit controls targeting high-risk matters that affect portfolio management, compliance, market operations, and client reporting teams.

Client Relations + Billing Teams

Client Activities

• Provide functional support to portfolio managers, traders, and portfolio administrators for Parametric portfolios and order management systems; ensuring daily activities, including client transactions, account maintenance, portfolio data reconciliation, and portfolio implementations are completed in a timely and efficient manner.

New Account Activities

• Establish prospect accounts in Parametric's portfolio accounting system (APX) for our portfolio managers to run optimizations on the client securities and cash.

Onboarding

• Responsible for ensuring daily new account onboarding activities, including verifying all account documentation is received and properly submitted for archiving, working with activity management teams on new account funding, setting up account feeds and other client activities are completed in a timely and efficient manner.

Oversight

• Perform verification checks on team's data entries to ensure accurate processing of information prior to daily trading deadlines, ensuring all account documentation is received and properly submitted for archiving

Billing

• Understand billing attributes and client relationships that drive revenue accrual and client invoicing and review of new accounts, changed accounts, and terminated accounts

Parametric believes each member of our organization makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. Therefore, this job description is designed to outline primary duties and qualifications. It is our expectation that every member of our team will offer his/her/their services wherever and whenever necessary to ensure the success of our client services