Portfolio Operations Associate

Company Overview:

A global investment manager in Boston is hiring a junior level Operations Associate to join their team.

Job Responsibilities:

• Develop a comprehensive understanding of all assigned accounts and their underlying activity.
• Perform end-to-end reconciliation of holdings, cash, and security transactions against custodian banks.
• Conduct daily and monthly NAV validation by comparing internal-calculated net assets with those reported by fund administrators.
• Monitor and report cash availability and overdraft positions to the Cash Desk and FX teams.
• Partner with the Pricing team and fund administrators to resolve security valuation issues.
• Produce accurate and timely client-specific and ad hoc reporting.
• Track and follow up on all outstanding issues with custodians.
• Communicate with internal stakeholders to escape discrepancies impacting investment decisions.
• Collaborate with the Data Management team to resolve data integrity issues.
• Work closely with all teams across Operations to ensure timely resolution of reconciliation items.
• Contribute to cross-functional initiatives and ad hoc projects.

Qualifications:

• Relevant college degree or commensurate industry experience required.
• 0-2 years of relevant experience; fund accounting a plus.
• Derivatives and other asset class experience preferred.
• Experience with BlackRock Aladdin and FIS’s Data Integrity Manager a plus.
• Proficiency with Microsoft Word and Excel required; Microsoft Office programming skills a plus.
• Familiarity with generative AI tools (e.g., MS Copilot, ChatGPT, Claude) and prompt engineering.

Compensation:

Salary: $65,000 - $75,000, Plus Bonus