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6 month Temp Position - Operations/Reconciliations

Location: New York, NY
Job # 401981
The firm is a leading multibillion dollar asset management organization with nearly $14 billion
in assets under management and has managed alternative investments since 2000. The firm
invests in public equities, fixed income, and alternative markets. Its equity investments focus
on value stocks. Its fixed income investments consist primarily of bank loans and high yield
bonds with opportunistic leverage. The firm primarily provides its services to pooled investment
vehicles. It also manages accounts of corporations and pension and profit sharing plans. The firm
is headquartered in New York with major investment centers across the U.S. and London.

As a member of the operations team, this individual will report to the head of reconciliations.
The reconciliation team is responsible for reconciling cash and positions against the prime
brokers. This position requires a strong understanding of hedge fund strategies, with an emphasis
on nonstandard reconciliations; product offerings include multi-strategy hedge funds, structured
products and managed accounts. The position requires interaction with various internal and
external groups to resolve breaks and continuously improve the overall process. This individual
will possess strong attention to detail to oversee the accuracy of reconciliation data.

The successful candidate will be a highly motivated professional with reconciliations experience;
specifically, reconciling complex investments. This individual must be a team player with a
proven ability to work in a time sensitive fast paced environment. A high level of intelligence,
drive, and inquisitiveness is expected. The firm maintains an entrepreneurial environment, and
the successful candidate will have a similar mindset.

This professional will have responsibilities that include:
  • Perform daily reconciliation of cash and positions to the prime broker accounts
  • Escalate breaks to appropriate parties
  • Monitor incoming cash flows
  • Report risk and exposure to management
  • Review swap reset receipts and payments
  • Analyze, review, collect, and maintain all cash, position, and transaction statements
  • Work and correspond with other areas of the firm to improve workflow
  • Liaise between counterparties and IT to initiate and implement special projects
  • Periodically assist client services with requests for information and data

  • The ideal candidate will possess the following qualifications:
  • 3-5 years of reconciliations experience; emphasis on resolving non-standard
  • reconcilement issues
  • Knowledge of SunGard’s Virtual Portfolio Manager (VPM)
  • Experience working with STaARS auto-reconciliation application
  • Proficiency with MS Excel
  • Experience with MS Access
  • Working knowledge of the following products: ABS, CLO, CDS, CDX, FWD, bank debt,
  • equities, and fixed income securities
  • Excellent written and oral communication skills
  • Ability to prioritize and multi-task with minimal supervision
  • Bachelor's degree or equivalent experience
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