Senior Investment Associate

Overview Develops, documents and maintains specialized processing and client requirements associated with Fort Washington's 3 main business lines - Institutional, Private Client, and Private Equity. Provides technical guidance and leadership for the Account Administrators on daily issues for all FWIA accounts. In conjunction with operations managers, oversees all client account maintenance, including establishment of new accounts, transaction processing, security setup, bank reconciliations, security valuation and various client reports.

Position also oversees processing of all capital calls, distributions and valuations for each Fort Washington Capital Partner (FWCP) Fund, the Funds each of those funds invest in, and the underlying investments for the Private Equity business line. Pursues with limited direction the research, analysis and appropriate recommendation for proper accounting treatment of complex new types of portfolio securities and accounting/operational issues.

Works with some supervision and is responsible for making a minimal range of decisions, escalating to manager when appropriate and updating manager on a regular basis.

Responsibilities

What you will do:

Institutional product line functions:
Provides technical guidance and leadership for the Account Administrators on a daily basis for all Institutional functions, which includes:
Processes purchases and sales of fixed income and equity securities via Bloomberg trading to PAM accounting software for approximately 150 accounts totaling $23 billion. Researches, analyzes and recommends proper accounting treatment of complex transactions such as dollar rolls, repurchase agreements, auction rate preferred securities and derivative instruments. Handles daily processing requirements for the short-term desk, including Securities Lending processing, IHB transaction processing and complicated yield calculations.

Verifies maturities, interest, dividends and paydown transactions on PAM are accurate and timely. Reconciles client transaction and holding data with approximately 20 custodians daily and/or monthly, and resolves any issues or discrepancies that arise in a timely manner. Performs setup of all newly acquired securities on PAM, including complex securities such as auction rate preferred securities, dollar rolls, mortgage-backed securities and preferred stocks.

Performs daily and monthly valuation of 3,000 securities. Communicates to Portfolio Managers any issues encountered within their accounts, makes appropriate recommendations and resolves any problems that arise. Processes corporate action transactions for all Institutional client accounts. Establishes new client accounts on PAM. Reconciles holdings on PAM with those on Bloomberg trading, and resolves any differences. Ensures timely settlement of transactions within client accounts.

Performs lead role in processing all derivative transactions, including working with the Portfolio to gain a conceptual understanding of the trade prior to execution, booking the trade into the accounting system, settling the trade, ongoing valuation of the security and ongoing margin movements. Assists the Performance department by performing recurring functions, including daily performance and monthly/quarterly report requests. Acts as primary FWIA Ops contact for ad hoc inquiries for data and/or reports from Portfolio Managers, marketing, client services and Analysts.

Acts as primary FWIA Ops liaison with departments outside FWIA on Western & Southern accounts (125 accounts totaling $20 billion) and transactions, including Investment Accounting, Treasury, IFS Accounting, and Compensation & Benefits. Leads the implementation of process improvement initiatives. Generates and analyzes various audit-type reports to detect errors and omissions. Work with Ops Manager to resolve issues. Develops and documents detailed processes and procedures for FWIA Operations as needed.

Performs special projects as directed by Ops Manager. Private Client product line functions:
Provides technical guidance and leadership for the Account Administrators on a daily basis for all Private Client functions, which include:
Processes purchases and sales of fixed income and equity securities via MOXY front-end trading system to Axys accounting software for 170 accounts totaling $151 Million. Verifies maturities, interest, dividends and paydown transactions on Axys are accurate and timely. Reconciles client transaction and holding data with approximately 10 custodians daily and/or monthly, and resolves any issues or discrepancies that arise in a timely manner.

Performs setup of all newly acquired securities on Axys. Performs daily and monthly valuation for 675 securities. Ensures timely settlement of all trades for Private Client accounts. Prepares monthly/quarterly client appraisals, billing and assets under management for all Private Client accounts. Processes corporate action transactions for all Private Client accounts. Becomes primary…