Portfolio Accounting Analyst

Wellington Management Company, LLP
Boston, USA
13 Jun 2022
28 Jun 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours.
The position is part of the Portfolio Accounting Group within InvesTech Operations. Portfolio Accounting manages and is responsible for the integrity of the books and records of Wellington including reconciliation with our client's custodians to ensure we can provide comprehensive, accurate and transparent information to the firm. The integration of Portfolio Accounting with our investment capabilities provides investors transaction detail behind changes in positions, and a consolidated view of cash for more informed investment decisions.

The Portfolio Accounting Analyst is responsible for providing accounting expertise to the firm. This individual would also be responsible for maintain and guiding the continuous development of our accounting capabilities and controls to ensure that we can provide our investors with timely and accurate positions, market values and cash balances to be incorporated into their investment decisions.
Primary responsibilities:
  • Provide expertise on current accounting standards
  • Central point of contact for inquiries related to accounting and applications utilizing accounting data: IBOR, performance, client guidelines, trade settlement, reconciliation, front end tools
  • Oversee all daily, monthly, quarterly, and annual controls to ensure consistent and accurate accounting data
  • Strategically review our accounting capabilities and make recommendations on areas where we need additional development
  • Provide leadership and education across the firm regarding our accounting capabilities and work to resolve accounting issues experienced by cross-functional users of the data
  • Perform impact analysis of regulatory and operational changes in portfolio accounting that impact the investment process and suggest ways to address changes, both tactically and strategically
  • Provide guidance and expertise to Business Analysts and IT regarding development requirements for accounting initiatives
The successful candidate is likely to have or possesses the below skills, experience, and qualifications:
  • A college degree and a minimum of 5-7 years of experience in the financial services industry with some experience working in portfolio or fund accounting
  • In depth knowledge of investment operations including but not limited to: trade settlement; IBOR versus ABOR; fixed income and equity life cycle events; reconciliation; performance reporting
  • A proven track record of developing, maintaining, and enhancing workflows/controls with understanding of potential impact of workflows on other areas of the firm
  • Work towards CPA, advanced degree, or CFA is a plus
  • Must be well organized, resourceful, and motivated
  • Able to adjust to rapidly changing priorities
  • Working knowledge of GAAP
  • Extensive experience with fund accounting systems; preferably Advent Geneva
  • Experience working with, and accounting for, derivatives and synthetic exposures.
  • Proven track record of initiating and managing change utilizing strong business judgment, risk analysis skills and risk mitigation techniques
  • Broad knowledge of capital markets
  • Well-developed interpersonal and presentation skills, both verbal and written
  • High degree of integrity and professionalism
Not sure you meet 100% of our qualifications? That's ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com .

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