Position SummaryThe Reconciliation Senior Associate will be part of the Portfolio Operations team and will be responsible for ensuring that both cash and positions across assigned portfolios are accurate. The ideal candidate will be extremely organized while having the confidence and communication skills to effectively work in a team setting. A key aspect of the role is managing and liaising with counterparts at global custodians to minimize market risk, in addition to effectively communicating cross functionally with internal teams. The Senior Associate role requires the ability to analyze upstream business processes and understand where gaps may exist and propose recommendations for process improvements.
This position is located in our Chicago or New York office.
ResponsibilitiesKey Responsibilities- Reconcile cash and positions with external parties and across Wall Street Office and BlackRock Aladdin systems
- Process activity in Wall Street Office and Aladdin databases
- Research and resolve bank loan cash and position discrepancies in both WSO and Aladdin systems
- Provide liquidity for the accounts that Bank Loan Reconciliation team is responsible for to the trading desk
- Review PNI transactions and positions between WSO and BRS to ensure that transactions are consistent across both systems
- Address cash reconciliation inquiries from various internal and external parties
- Analyze differences and breaks on positions, accrued income and cash with fund administrators on Monthly and Weekly NAV analyses.
- Serve as liaison between administrative agent banks and custodians
- Review and maintain contract level information and make sure that data is consistent with our third-party vendors
- Provides external/internal parties with notices and other loan-related documentation
- Review, request approval and process borrowing requests that come from various administrative agents
- Review of unscheduled commitment reductions processed by third-party vendors and administrative agents
- Review Amort schedules between our WSO and Markit daily reports and address any exceptions
- Address any ad hoc requests related to cash and positions data for Bank Loans
QualificationsBasic Qualifications
- Undergraduate degree with 5+ years of relevant work experience in investment management or financial services environment
- Proficient in the use of Microsoft Office Suite, specifically Excel
- Must be able to multi-task in a fast paced and challenging environment
Preferred Qualifications
- Bachelor's degree with 5+ years of relevant work experience
- 5+ years of bank loan related experience is preferred
- Knowledge of Wall Street Office and/or Aladdin strongly preferred
- Organized, detail oriented and extremely thorough with strong problem-solving skills and demonstrated ability to take initiative
- Must be able to successfully engage in multiple initiatives simultaneously
- Team oriented individual with ability to work well with diverse groups
- Able to translate between technical and business leaders at the highest levels
- Excellent written and verbal communication skills with an ability to collaborate with internal teams and external parties and service providers
We are not seeking agency assistance with this role.
Salary RangeAnnual base salary between
$105,000.00-$115,000.00
The base salary range represents the low and high end of the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and experience. The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.
