Portfolio Account Specialist
SUMMARY: Incumbents in the Portfolio Account Specialist position will be expected to reconcile
cash balances, as well as account activity within the necessary timeframe daily. Additionally, on a
monthly basis incumbents will reconcile the market valuation within the accounting software based on
custodian records, and may also be responsible for reconciling the performance valuation for each
account.
ESSENTIAL DUTIES AND RESPONSIBILITIES: The following duties are generally
representative of the nature and level of work assigned and are not necessarily all inclusive.
PORTFOLIO RECONCILIATION
· Reconcile cash holdings on a daily basis
· Download file detailing account activity from bank and accounting software into account
reconciliation tool daily
· Reconcile position variances on a daily basis
· Coordinate with custodian and internal teams to research and resolve cash balance and position
discrepancies
· Update activity within accounting software based on reconciliation process, when necessary
· Coordinate with Portfolio Management to raise cash or invest contributions
· Reconcile cash holdings and market valuation to custodian records on a monthly basis
· May reconcile performance valuation monthly based on manual calculation to valuation in
accounting software
REPORTING
· Prepare client statements
· May execute cash balance report and provide to corresponding Portfolio Manager on a daily
basis
· Research and respond to ad hoc requests and questions received from clients and Portfolio
Managers
SUPERVISORY RESPONSIBILITIES: There are no supervisory responsibilities.
QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each
essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill,
and/or ability required. Reasonable accommodations may be made to enable individuals with
disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE:
· Bachelor’s degree from an accredited four-year university, with an emphasis in Accounting
· 2-4 years of experience in the investment management industry
INTERPERSONAL/COMMUNICATION/LANGUAGE SKILLS:
· Excellent communication skills (oral and written)
· Ability to work in a team or independently
MATHEMATICAL/ANALYTICAL/REASONING SKILLS:
· Excellent problem recognition and resolution skills
· Strong analytical skills
· Detail-oriented
· Advanced mathematical skills
OTHER:
· Ability to multi-task
· Strong organizational skills
· Ability to prioritize based on competing initiatives
TECHNICAL:
· Advanced Microsoft Office Suite (Excel, Outlook, Word) skills
· Experience with Portia or SimCorp Dimension a plus
CERTIFICATES, LICENSES, REGISTRATIONS: No certifications, licenses, or registrations are
required for this position.
WORK ENVIRONMENT:
· Professional office environment
TRAVEL:
· Zero to minimal travel required