Analyst, Portfolio Administration

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Job Description
ABOUT THE TEAM:
Investment Operations provides centralized services that enhance quality, maximize economics, reduce risk, and eliminate redundancy to support affiliate business and enable future growth. The team uses a hybrid approach with shared services and systems and, when appropriate, best-in-class vendors to maintain the highest level of service in the most efficient manner.

• Trading Operations supports portfolio management teams on equity and fixed-income trading systems;
• Investment Operations and Accounting supports internal and external daily, monthly, and quarterly reporting and account-level performance and valuation;
• Administration maintains controls and oversight of external investment operations service providers, provides project management for firm-wide investment operations initiatives, and provides business analysis to support existing and future business requirements.

JOB SUMMARY:
The Analyst, Portfolio Administration is primarily responsible for performing daily and monthly cash, position, and market value reconciliations between the Fixed Income Investment Managers utilizing the common operating platform and various counterparties for the centralized Portfolio Administration function in Virtus Shared Service Investment Operations.
ESSENTIAL DUTIES & RESPONSIBILITIES:
Portfolio Administration:

• Perform daily and monthly client account transactions, cash, positions, and market value reconciliations with counterparties, agent banks, and custodians.
• Research any exceptions found during the reconciliation process and communicate with counterparties and other internal departments as appropriate.
• Ensure the accuracy of all records booked by the Investment Managers utilizing VBAM and the Custodians/Fund Administrators.
• Ensure all prior month adjustments have been reflected properly.
• Complete client-required month-end reconciliations in a timely manner to meet deadlines.

Business Analysis and Process Improvement:

• Identify solutions for business processes.
• Recommend enhancements to procedures and project workflow to provide efficiencies.
• Evaluate business processes and make recommendations for improvement.
• Collaborate with teammates and colleagues to streamline processes and create efficiencies where applicable.
• Work with the technology team to monitor and improve existing processes.
• Participate and complete tasks in various investment operations projects.

Other Business Area Support:

• Field ad hoc requests and questions to provide additional support as needed.

SPECIFIC QUALIFICIATIONS:

• Bachelor's degree with at least 2 years of related experience at an Asset Manager, Custodian Bank or Hedge Fund.
• Experience in reconciliation processes for fixed income and derivative securities, including bonds, bank loans, credit default swaps, futures, options, OTC derivatives, centrally cleared derivatives, TBAs, and reverse repos.
• Bloomberg and Bloomberg AIM experience a plus.
• Proficiency with Excel and VLOOKUPs.
• Highly motivated with strong interpersonal skills.
• Exceptional attention to detail and proficient documentation skills.
• Experience in a multi-boutique or large investment management organization is a plus.
• Ability to work independently and in a team.
• Works well under pressure and is comfortable with change and complexity.
• Demonstrated ability in being flexible and working with stakeholders and colleagues at all experience levels.
• Strong verbal and written communication and comprehension skills.
• Ability to handle multiple competing deadlines and tasks required.

Salary Range: $54,000- $76,000
The starting salary offer will vary based on the applicant's education, experience, skills, abilities, geographic location, internal equity, and alignment with market data.
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