Reconciliation Specialist Los Angeles, CA

Reconciliation Specialist--Los Angeles, CA

The reconciliation team is responsible for reconciliation of internal records for each of the funds to the trustee records.  The reconciliation is designed to verify and monitor all transactions cash and security that are processed in the fund.  Cash reconciliations are performed on a daily basis and position reconciliations are performed monthly.

 

Position Responsibilities:

·         Maintain security and transaction information in the internal recordkeeping system to accurately reflect the portfolios as maintained at the trustee.

·         Liaise between portfolio managers, traders and custodians for all portfolio-specific activity and issues, ensuring cross-communication of critical information between firm departments

·         Discover, research and resolve transactional and valuation discrepancies

·         Process and reconcile all income activity for each portfolio

·         Post loan funding and or payments to accurately reflect cash flows and cash balances

·         Ensure maintenance of administrative records in account/fund files

·         Work with custodians, prime brokers and counterparties (internal and external) to set up new accounts

·         Ensure the proper posting of corporate actions on holdings

·         Archive records on a yearly basis

·         Participate in special projects such as technology advancements

 

General Skills:

·         Excellent communication skills

·         Strong organization and time management skills

·         Team-oriented work ethic that includes willingness to help others

·         Able to work independently and share results of assigned projects with team

·         members

·         Ability to multi-task and work in a fast-paced environment

 

Experience and Skills Required:

·         Minimum one year of investment operations experience 

·         Fixed-income product knowledge, particularly bank loans, CLO’s, CDO’s variable rates securities

·         Hedge fund or private equity experience is a plus

 

Computer Skills:

·         Highly proficient in Microsoft Excel – knowledge of formulae a must (e.g.

·         “vlookup”)

·         Proficient in Microsoft Outlook, Word

·         Working knowledge of Microsoft Access or other databases a plus

·         Basic knowledge of Bloomberg

·         Knowledge of Thomson’s Portia system is a plus