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Portfolio Services
The Portfolio Services Department is a dynamic, fast-paced team that provides a broad spectrum of operational support to PPM and a fiduciary oversight of its clients’ investments and assets. The Department supports nearly all asset management activities in the trade lifecycle, including portfolio management, trade execution, and client reporting. Functionally oriented teams include Public & Private Investment Operations, Derivatives Administration, Performance Analytics, Data Management and Business & Product Reporting. A high level of collaboration coupled with extensive cross-training promotes flexibility, scalability and professional development across the department. Portfolio Services is centrally positioned to engage with all of PPM’s investment and administrative teams to meet the firm’s strategic objectives. The department maxim is to be indispensable to our clients through timely, complete and accurate execution of roles and responsibilities.
Job Purpose
The Portfolio Analyst role exists within the Public Securities Operations team, which provides a centralized and coordinated function supporting investment accounting, cash management, reconciliation and trade processing and settlement activities across PPM America's many business units and clientele. The team leverages the organization through operating depth, developed skills, use of technology, process optimization and clear operating accountabilities. The Portfolio Analyst works closely with personnel in Investment Management, Performance Analytics, Securities Operations, IT and other groups and clients, as needed.
Essential Responsibilities
Reconcile portfolio holdings, cash, and non-cash activities between various in-house systems and custodial or third-party platforms.
Resolve and communicate identified portfolio discrepancies and errors in a timely manner.
Deliver investable cash and cash event data to investment teams and other interested parties.
Provide support for the timely and accurate trade settlement processing for various public security types across all client portfolios.
Process and validate all non-trade related activities occurring within client portfolios, including transfers, wires, principal & interest transactions, and any miscellaneous activities.
Validate portfolio specific information: reporting requirements, processing requirements, and account validation. Identify, collect, and maintain all requisite documentation and records pertaining to the portfolios.
Onboard new portfolios into current operational processes.
Respond to client requests.
Develop new processes as required by new clients, custodians, regulators, auditors, or risk procedures.
Provide back-up support for other Portfolio Services team members and assist in special projects and “ad hoc” requests.
Develop a deep and comprehensive knowledge of the use, capabilities, and maintenance of the Aladdin portfolio management system and related platforms within the PPM operational and systematic ecosystem.
Other Duties
Knowledge, Skills and Abilities
Broad knowledge and understanding of investment products and their characteristics, including the spectrum of fixed income instruments and their life-cycle events.
Basic understanding of institutional Corporate Action processing, covering both equity and fixed income instruments.
Ability to prioritize and independently manage multiple deadlines and clientele simultaneously.
Experience in preparing accurate and timely reports, analysis and presentations for management and clients.
Unquestionable professional integrity.
Strong teamwork-based approach to work and collective activities.
Critical thinking, analysis, troubleshooting, and problem-solving expertise.
Advanced proficiency with the entire Microsoft Office suite with an emphasis on Excel, Word and PowerPoint.
Exposure to and ability to demonstrate proficiency with third-party tools used in financial services such as: Bloomberg, Blackrock Aladdin or other portfolio accounting platform.
Qualifications
Bachelor's Degree , preferably in Finance or Accounting related discipline, required.
2+ years of practical experience in public audit, financial services, management consulting, or asset management operations required.
Trade settlement or reconciliation experience required.
Additional credentials or progress toward an advanced degree or chartered industry designation (i.e., CFA, CPA, etc.) preferred.
Benefits:
At PPM, we offer volunteer opportunities to get involved with a diverse network of peers and support the causes that are important to you. Your passion and talents can make a lasting impact on our organization and our community. Additionally, our employees go the extra mile every day and the benefits of working at PPM reflect our commitment to supporting and enhancing their personal and professional lives. The plans and programs listed below are offered in collaboration with our parent company.
Competitive salary and bonus
Medical, dental and vision coverage
For eligible employees, $2 for $1 matching on 401k contributions, up to a max matching contribution of 12% of your eligible compensation.
Tuition and professional certification reimbursement
Paid parental leave
Adoption assistance
Holidays and paid time off
Paid time off to volunteer
Base Pay:
$75,000.00 - $88,000.00. The base salary for this position may vary depending on experience, job-related knowledge, skills, and abilities. In addition to the base salary, this role will be eligible to participate in our annual bonus program. This role will also be eligible for compensated personal time off and holidays, health benefits, 401(k) plan with generous matching and other benefit programs according to the Company's employment policies and subject to the formal terms of such plans and programs.
