Operations Associate

  • location: Minneapolis, MN
  • type: Permanent
  • salary: $50,000 - $70,000 per year
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job description

Operations Associate

job summary:
We've partnered with a NASDAQ listed $6B financial technology company who serves a worldwide clientele of funds with nearly $1.7 trillion in assets under administration. They are looking to hire a fund accountant into their team.

  • Work with smart collegiate professionals in a highly desirable office space.
  • Attractive 50% 401K match up to $4K p.a., 50% reimbursement for tuition or professional development (CPA or CFA).
  • 15 days PTO first year, then 20 days PTO after 1 year (+9 holiday days off).
  • Stock option grants to top performers, these are awarded on an annual basis.
 
location: Minneapolis, Minnesota
job type: Permanent
salary: $50,000 - 70,000 per year
work hours: 9 to 5
education: Bachelor's degree
experience: 1 Years
 
responsibilities:
Position Responsibilities:

  • Managing the treasury management process of assigned accounts
  • Standard settlement instruction (SSI) creation and verification, money transfer setup and release, capital call and redemption processing, and daily account maintenance
  • Prepare and review the daily reconciliation process for transactions, cash and holdings support for the assigned funds
  • Prepare daily reconciliations that are fully supported with source documentation in a standardized format
  • Provide insightful commentary for reconciliations differences in the daily reports
  • Escalation of breaks or unsupported balances
  • Work with client traders, counter-parties, custodian/prime brokers and accountants to settle financial transactions
  • Ensure the accuracy and timeliness of daily trade confirmations, settlements and customer reporting
  • Provide back-up coverage for other desks within Trade Operations
  • Manage and monitor the timing and quality of deliverable packages to internal stakeholders
  • Establish plan for new client setup to ensure appropriate access to supporting documentation
  • Coordinate with Fund Accounting group to provide information or obtain internal support
 
qualifications:
  • 1+ years of financial industry experience
  • 4yr College and/or Master's degree in Accounting or Finance
  • Strong internal control orientation
  • Knowledge of hedge fund industry and related products
  • Strong computer skills including proficiency with spreadsheet
  • Strong organizational and detail oriented skills with proven ability to manage and prioritize work to meet deadlines despite frequent interruptions
  • Strong analytical skills and business acumen
  • Strong verbal and written communication skills
  • Strong dispute resolution and effective problem solving skills
  • Demonstrated customer service and continuous improvement focus
 
skills: Operational Audit, Banking Operations, Risk Audit
Equal Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.

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