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Senior Investment Operations Associate
Prudential Securities
Newark, NJ, United States
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Description
QMA is a subsidiary of Prudential. Since 1975, QMA has pioneered the use of advanced analytics to enhance the investment decision-making process. We combine discipline and seasoned judgment to create investment solutions tailored to client objectives. QMA manages more than US$ 135 billion in assets for institutions around the world. We manage portfolios for corporate pension plans, public pension plans, endowments and foundations, multi-employer pension plans, and subadvisory accounts for other financial services companies.
Core Functional Responsibilities:
• Reconcile the more complex cash accounts between QMa’s internal record keeping system and respective custodian
• Confirm cash flow data with the various custodians, posting these values and notifying the appropriate portfolio managers of this highly sensitive data
• Reconcile open futures positions using broker statements on a daily basis, maintaining money market pools/STIFF balances in SSR
• Run/collect multiple cash reports out of our internal record keeping system and the respective custodian
• Research, correct and inform the appropriate operations group of any issues they encounter on a daily basis
• Provide cross training as requested
• Performs trade reconciliation and trade settlement
• Manage all client deliverables
• Conduct month end trial balance
• Participate in other projects, initiatives and ad-hoc requests
Qualifications
• Bachelors Degree, preferably a degree in Finance/Economics
• 3 to 5 years of related experience in the accounting/operations area of the investment management industry preferred
• Able to acquire new systems quickly and efficiently
• Basic Bloomberg knowledge
• Detail oriented
• Quantitative/Analytical skills
• Proficient in Excel, preferably experience conducting V-look ups and pivot tables
• Excellent communication skills both verbal and written
• Able to work in a team environment while taking individual responsibility for the quality and accuracy of his/her work
• Excellent time management skills; work efficiently under the pressure of deadlines
• During peak periods, the individual may be required to work after regular hours, and occasional holiday coverage