Cash Services - Reconciliation Sr. Associate

Position Summary


Guggenheim Investments is seeking an exceptional candidate to join its Investment Management Operations function. The Reconciliation Senior Associate is part of the Guggenheim Investments Portfolio Operations team and is responsible for ensuring that both cash and positions across assigned portfolios are accurate. The ideal candidate will be extremely organized while having the confidence and communication skills to effectively work in a team setting.

A key aspect of the role is managing and liaising with counterparts at global custodians to minimize market risk, in addition to effectively communicating cross functionally with internal teams. The Sr. Associate role requires the ability to analyze upstream business processes and understand where gaps may exist and propose recommendations for process improvements.

This position is located in our Chicago office, full-time.


Responsibilities



Key Responsibilities

• Ensure that all cash is reconciled accurately, efficiently and on a timely basis
• Monitor accurately cash balance positions for Trading Desks and Portfolio Managers
• Work with internal and external parties in order to resolve breaks, identify root causes and expedite resolution
• Ensure that all cash is accurate and reconciled across multiple internal systems including Black Rock Solutions, Wall Street Office, e-PAM and others as needed.
• Monitor formal processes that ensure reconciliation processes meet standards established by internal and external auditors including SSAE 16 procedures

Qualifications


Basic Qualifications

• 4-5 years of experience in financial services industry, specifically back office operations and/or fund accounting
• Ability to multitask and meet tight deadlines in a fast-paced environment, while maintaining accuracy and quality of work

• Prior experience with one or more of the following
  • Fixed Income Instruments
  • Fund Accounting
  • Global Custodian Processes
  • Cash flows and transactions associated with securities (FI, EQ and Derivatives)
  • Black Rock Solutions and/or Wall Street Office
• Bachelor's degree

Preferred Qualifications

• Strong problem-solving skills and demonstrated ability to take initiative and critically analyze processes and procedures in a push toward constant improvement
• Prior experience in an Asset Management, Private Equity, or Alternative Investment firm
• Must have a strict attention to detail while able to prioritize issues appropriately
• Team-oriented individual with ability to collaborate with a diverse range of groups
• Desire to work in Investment Management space
• Excellent data skills (Excel, Macros, Access, etc.) and system experience

We are not seeking agency assistance with this role


Salary Range


Annual base salary between
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The base salary range represents the low and high end of the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and experience. The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.