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Reconciliation Analyst

Wellington Management Company, LLP
Boston, USA
Closing date
Sep 25, 2022

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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 Company
Tracing our roots to 1928, Wellington Management Company, LLP is one of the world's largest independent investment management firms. With over US$1 trillion in assets under management as of 30 June 2018, we serve as a trusted adviser to institutional clients and mutual fund sponsors in over 60 countries. Our innovative investment solutions are built on the strength of proprietary, independent research and span the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative, and inclusive culture because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise.

InvesTech provides each of Wellington's investment teams with the data, controls, and support they need to ensure that their investment intent is accurately reflected in portfolios in accordance with client, regulatory and operational requirements. 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 Reconciliation Analyst has oversight of our outsourced recon vendor; is responsible for execution of the reconciliation process for client accounts that cannot be outsourced; and is the primary escalation contact for complex reconciliation issues. The Reconciliation Analyst is a generalist who works cross functionally to resolve cash and position breaks between the accounting book of record and our clients' custodians. This individual will work with peers in Portfolio Accounting to continuously improve our accounting capabilities.

Primary responsibilities:
  • • Compare the results of transaction, position, market value exceptions escalated to Wellington and identifies the root cause of those exceptions.
  • • Follow through on exception resolution with client custodians and internal Wellington teams for exceptions
  • • Develop robust knowledge of Wellington data, accounting practices and security representation and how these interact with external parties
  • • Periodically evaluate the recon vendor exception identification process and suggest improvements and changes that reduce risk and exception volume
  • • Be actively involved with IT to define and improve technology solutions, including participating in UAT
  • • Document running rules, procedures and establish policies for exception resolution with the recon vendor and/or the internal Wellington teams
  • • Assist in regulatory and audit queries
  • • Remain flexible with own job responsibilities and help define the evolving roles within the team
The successful candidate for this position is likely to:
  • • The successful candidate for this role must have a college degree and a minimum of 3-5 years of experience in the financial services industry, preferably in portfolio or fund accounting role. Other important qualifications and experience would include:
  • • Experience working with, and accounting for, derivatives and synthetic exposures, fixed income, and a broad knowledge of capital markets
  • • Excel - look-up, pivot tables and if/else statements
  • • SQL
  • • Inquisitive and comfortable challenging the status quo
  • • Exercises good business judgement and communicates effectively with peers
  • • Strong organizational skills and an ability to manage assignments with competing priorities
  • Willingness to work both independently and as a member of a team
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 .

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