Investment Associate

Overview

Provides direct and primary operational support for all Fort Washington Investment Advisors departments. Position handles client account maintenance and may also perform operational aspects of the Private Equity Funds of Funds. Position prepares reports for weekly and monthly internal Finance Committee meetings. Interacts regularly with bank and broker personnel regarding client accounts. 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.

What you will do:

• Institutional Product Line Functions:
  Processes purchases and sales of fixed income and equity securities via trading to accounting software. Understands purpose and processing requirements of complex transactions such as dollar rolls, repurchase agreements and auction rate preferred securities. Verifies maturities, interest, dividends and pay down transactions are accurate and timely. Reconciles client transaction and holding data with custodians daily and/or monthly, and resolves any issues or discrepancies that arise in a timely manner.
  
  Performs setup of all newly acquired securities, including complex securities such as auction rate preferred securities, dollar rolls, mortgage-backed securities and preferred stocks. Performs daily and monthly pricing for securities. Communicates to Portfolio Managers any issues encountered within their accounts and resolves any problems that arise. Processes corporate action transactions for all institutional client accounts. Establishes new client accounts. Reconciles holdings on accounting system with those on trading system and resolves any differences.
  
  Obtains working knowledge of trading system to retrieve security indicative data necessary to properly set up securities and process trades. Runs and analyzes various audit-type reports to detect errors and omissions. Works with manager to resolve issues. Works with settlement desk to ensure timely settlement of transactions within client accounts. Works closely with FWIA performance department to understand impact of transactions on performance and assist them with resolving issues.
  
  Works with departments outside FWIA on Western & Southern accounts and transactions, including Investment Records & Accounting, Treasury, Compensation and Benefits. Prepares weekly and monthly reports for Western & Southern Finance Committee. Responds to ad hoc inquiries for data and/or reports from Portfolio Managers, Marketing and Analysts. Develops and documents detailed processes and procedures for FWIA Operations as needed. Assists Operations Analyst in testing service packs and releases.
• Private Client Product Line Functions:
  Processes purchases and sales of fixed income and equity securities front-end trading system to accounting software. Verifies maturities, interest, dividends and pay down transactions are accurate and timely. Reconciles client transaction and holding data with custodians daily and/or monthly, and resolves any issues or discrepancies that arise in a timely manner. Performs setup of all newly acquired securities. Performs daily and monthly pricing for 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. Communicates to Portfolio Managers any issues encountered within their accounts, and works with them to resolve any problems that arise. Processes corporate action transactions for all Private Client Group client accounts. Responds to ad hoc inquiries for data and/or reports from Portfolio Managers, Marketing and Analysts.
  
  Develops and documents detailed processes and procedures for FWIA Operations as needed.
• Private Equity Product Line Functions:
  Processes all transactions relating to FWCP Funds, including capital calls, valuations and distributions from investments, capital calls and distributions to investors and direct investment transactions. Processes all transactions and valuations relating to the underlying investments of the Funds that FWCP invests in from…