| Job Information |
Our elite Alternative Investment Management client is seeking to recruit an Investment Operations Associate to reconcile cash transactions, monitor cash balances for liquidity, and promptly resolve cash balance discrepancies across the investment operations framework.
Responsibilities:
- Reconcile cash transactions, monitor cash balances for liquidity, and promptly resolve cash balance discrepancies across the investment operations framework
- Reconcile book-side and bank-side cash transactions on a daily basis
- Proactively resolve all cash discrepancies and operational issues in a timely manner
- Assist with cash clearing and develop procedures to automatically clear cash breaks
- Identify and remedy differences between booked and actual cash balances
- Ensure accuracy of cash feeds and resolve discrepancies with counterparties as required
- Work closely with offshore team in India and oversee cash reconciliations, team training, team onboarding and fostering consistent collaboration with NY office
- Work closely with external fund administrators on cash and position reconciliations
- Assist with process improvement, cash reconciliation automation, operational risk and special projects
Requirements:
- Bachelor’s Degree
- 2+ years of sell-side or buy-side middle office or back office operations
- Proficiency with MS Office applications, particularly Excel
- Highly motivated with the ability to learn quickly
- Outgoing and personable with the demonstrated ability to interact effectively with senior management and offshore teams
- Strong attention to detail and strong project management skills
- Standard daily work hours: 9:00AM-6:30PM ET – ability and willingness to work overtime as required, particularly when there are daily cash reconciliation discrepancies
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