Senior
Wellington Management · London, United Kingdom · Hybrid
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Research and resolve reconciliation differences between the firm and custodians prime brokers and accounting agents.
Worth knowing: Office attendance expected four days per week
About Us Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients. About the Role JOB OVERVIEW Portfolio Accounting is responsible for the integrity of Wellington’s records, including reconciliation with our client’s custodians, to ensure we can provide comprehensive, accurate and transparent information to the firm. Accounting data serves as a foundational data source for our investors, clients, and infrastructure teams who support the firm. The Senior Portfolio Accounting Analyst on the Reconciliation Team is primarily responsible for research and resolution of reconciliation items between Wellington and our client’s custodian banks, prime brokers, and accounting agents (“banks”). They possess a broad understanding of investment accounting and the drivers and root causes that lead to reconciliation differences. Attention to detail, and strong communication and investigation skills are essential to success. RESPONSIBILITIES Work closely with internal groups to identify and resolve open reconciliation items Identify break patterns and opportunities for process and control improvements Use bank portals in the research of position, cash, and market value differences Maintain concise documentation and proper audit trail for in flight items Analyze bank data to improve the quality of the reconciliation results Collaborate and provide guidance to outsourced team members on escalated issues or inquiries QUALIFICATIONS A bachelor’s degree 5-7 years of experience in the Financial Services industry Accounting, custody, and/or reconciliation experience Experience working with data in Excel SQL or Python knowledge is a plus Deep understanding of accounting for fixed income and equity Baseline understanding of accounting for derivatives and synthetic exposures Inquisitive and comfortable challenging the status-quo Demonstrated effective communication skills, and a high level of attention to detail...
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