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E*TRADE from Morgan Stanley · 1 month ago

IM Operations- Portfolio Recordkeeping Associate

Boston, Massachusetts, United States of America

Full-time

Onsite

Entry Level

$80K/yr - $156K/yr

3+ years exp

E*TRADE from Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help achieve financial goals. The Portfolio Recordkeeping Associate will support the Portfolio Accounting function by ensuring accurate and timely portfolio accounting, valuation, and recordkeeping processes across various investment strategies and asset classes.

BankingFinanceFinancial Services

Responsibilities

Execute complex processes and assist a Team Manager in coordinating processes, risks and/or projects in a Team Lead capacity

Recognize risk in day-to-day processes to draw out the key issues and leverage detailed knowledge to propose changes in process

Train others, allocate tasks and support with first line escalation where required

Share expert knowledge across the team, contribute to team output and development, building relationships across the Firm

Publish the official Aladdin Portfolio Asset Value on a monthly, in accordance with client and reporting SLAs, including performing all Quality Control (QC) checks to finalize and close the books

Execute daily portfolio accounting and recordkeeping processes, ensuring all transactions (trades, income, accruals, corporate actions) and positions are processed timely, completely, and accurately

Data integrity and validation ensuring complete, accurate, and timely start of day positions to support investment process, including start of day cash and projected cash to support investment teams

Identify, research, and resolve exceptions to the accounting books of record (start of day, end of day, and period close) within established SLAs

Provide subject matter support for Aladdin Accounting transaction, position, and valuation data

Qualification

Portfolio AccountingAladdin AccountingMiddle Office OperationsAsset Management ExperienceAccounting SystemsMicrosoft OfficeProcess ImprovementDetail OrientedTeam Collaboration

Required

Comprehensive knowledge and understanding of functional area and operational/compliance policies and procedures of their team

Ability to operate independently with respect to some job responsibilities

Culture carrier across Operations, embracing the Firm's core values

BS/BA degree required

A minimum of 3 years of related experience, preferably in asset management with experience working in portfolio or fund accounting

Experience across a broad spectrum of portfolio types: Separately Managed, Sub-advised, Funds (e.g. Mutual Fund, OIEC, etc.)

Exposure to middle office operations including but not limited to trade settlement, IBOR/ABOR, transaction lifecycle events across spectrum of asset class (equity, fixed, derivatives), cash and position reconciliation, performance reporting

Experience with accounting systems; preferably Aladdin a plus

Experience with Microsoft Office products (outlook, excel, word, and PowerPoint)

Automation first mindset. Experience with implementing process improvements and transformation

Ideal candidate brings good judgment, detail oriented, the ability to prioritize multiple tasks, within team environment