| Job Information |
Our elite Alternative Investment Management client is seeking to recruit a Cash Reconciliations 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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