Investment Operations Specialist Role
This position presents an opportunity for personal growth and development within a dynamic team environment.
Key Responsibilities
1. Client Reporting:
* Production of client level commingled asset and investment reports;
* Support to clients;
* 5500 and Schedule C regulatory reporting;
* Client performance monitoring; Audit support
2. Financial Accounting and Analysis:
* Calculation of investment management fees and other related charges;
* Invoicing and collection of these fees;
* Accounting entries and revenue collection;
* AUM reporting; Audit support;
* Transaction processing including client contributions, withdrawals, and bank account monitoring;
* Accounting entries;
* Cash & ledger reconciliations;
* Client onboarding
3. Fund and Investor Services:
* Assistance in new fund development and setup;
* Oversight of bank and vendor relationships;
* Regulatory reporting;
* Retail Pooled Financial Statements;
* Audit Support;
* Asset Manager relationship management and cashflow forecasting;
* Client order processing including exchanges and withdrawals;
* NSCC trading
4. Fund Valuation and Performance:
* Calculation of fund level pricing/unit values;
* Fund level performance reporting;
* Transfer agency including asset to liability reconciliations and investor share ownership;
* Retirement Pooled Financial Statements;
* Single Client reporting;
* Audit support
5. PGIM Investment Operations:
* Recordkeeping, accounting, and reporting for the investment portfolios supporting insurance companies;
* Support for all investment data for the Chief Investment Officer and the Chief Risk officer;
* Accounting: validation of portfolio and transaction level activity including trades, income payments, corporate actions and deal restructurings in sub-ledger systems;
* Preparation and verification of general ledger entries;
* Completing reconciliations to custody banks, trade systems and financial statements;
* Providing various reports to business partners
6. Data Quality Group:
* Oversight of portfolio and security level financial data quality in the investment risk data warehouse, accounting system, investment forecast model and reporting databases;
* Submission and verification of adjustments to financial data;
* Performing reconciliations and data analysis;
* Resolving inquiries;
* Supporting projects
7. Reporting:
* Limit monitoring, activity and holdings reports on a daily, weekly, monthly, quarterly, and annual basis sourced from ledger as well as various internal data warehouses;
* Preparation of monthly, quarterly, and annual Statutory and GAAP reporting
What We Expect
8. Preparing General Ledger entries on a monthly basis (when needed) for Stat Market Value adjustments;
9. Preparing monthly reconciliations for Asset and Income accounts;
10. Preparing monthly, quarterly, and annual Pricing, Tax and STAT reporting workflows;
11. Researching issues related to accounting entries and the subledger Investment system;
12. Documenting procedures for any new reporting requirements;
13. Completing various ad-hoc requests that are received from internal clients;
14. Gathering information for both internal and external audits;
15. Supporting, monitoring, and calculating unit values for the investments we support;
16. Transfer agency services including asset to liability reconciliations and investor share ownership;
17. Production of client level commingled asset and investment reports, 5500/Schedule C and regulatory reporting;
18. Calculation, invoicing, and collection of fees related to Investment management services and administration;
19. Transaction processing including client contributions, withdrawals, and bank account monitoring;
20. ORACLE accounting entries and ledger revenue reconciliations;
21. Asset Manager relationship management and cashflow forecasting;
22. Client order processing including exchanges and withdrawals; NSCC trading;
23. Support of new fund development, set ups and closings;
24. Bank Oversight and Related Reconciliation/Reporting Functions;
25. Portfolio and Client level transition events (i.e. securities in-kind transfers, manager replacements, etc);
26. External and Internal audit review and support; Client service support;
27. Participating in various analysis and special projects