Investment Operations Specialist

Bracebridge Capital
Boston, MA
On-siteCareer-pivot friendly

Who this role is best for

Investment operations professionals with attention to detail and reconciliation experience will find this back-office role in fixed income management suitable.

Best fit for

  • Candidates with experience in derivative reconciliation and fund accounting will align well with this role.
    — “Manage, prepare, and review the firm’s reconciliation process on a daily basis for all derivative securities.”
  • Individuals who thrive in a collaborative environment and have strong communication skills are well-suited for this position.
    — “Work with colleagues internally as well as the firm’s external counterparties.”
  • Those with a foundational understanding of investment management accounting controls and a detail-oriented mindset will excel here.
    — “Understanding of accounting controls as they relate to the investment management industry.”

Things to consider

  • The role is limited to U.S. citizens due to the lack of visa sponsorship.
    — “The Company does not offer visa sponsorship for this role.”
  • The role is based in Boston and likely requires in-office presence.
    — “Approximately 180 employees operate from our office located in Boston’s historic Back Bay.”

How to stand out

  • Highlight prior experience with derivative reconciliation and margin call analysis on your resume.
    — “Project, prepare and analyze daily derivative margin calls.”
  • Emphasize your ability to communicate effectively with external parties and resolve discrepancies.
    — “Communicate derivative discrepancies with external parties ... in order to resolve breaks.”
  • Demonstrate your proficiency in Excel and data processing during interviews.
    — “Proficient in Microsoft Office applications including Excel.”
  • Showcase your ability to manage multiple tasks and maintain attention to detail.
    — “Possess exceptional organizational and time management skills as well as attention to detail.”
Pace · SteadyCollaboration · HighAutonomy · MediumDecision Impact · Team

Derived from job-description analysis by Serendipath's career intelligence engine.

What success looks like

  • managing reconciliation process
  • processing payments
  • communicating with external parties
  • preparing shareholder statements
Typical background
0 to 3 years of relevant operational work experience

Skills & requirements

Required

Fund AccountingReconciliationCommunicationExcelOrganizational SkillsTime Management

Stack & domain

ReconciliationDerivative SecuritiesPrincipal And Interest PaymentsCommunicationMicrosoft OfficeExcelOrganizational SkillsTime ManagementAttention To DetailAccounting ControlsInvestment ManagementFinancial ServicesOperationsRecordkeepingData ProcessingShareholder StatementsDerivative DiscrepanciesMargin CallsInternal DepartmentsExternal CounterpartiesTrading StrategyCash FlowsInterpersonal SkillsCollaborationProblem SolvingInvestment Operations

About the role

Original posting from Bracebridge Capital via Greenhouse

Bracebridge Capital, LLC is a leading alternative asset manager with approximately $12 billion of net assets under management.  The firm pursues investment strategies primarily within the global fixed income markets with the objectives of capital preservation and absolute return without significant correlation to equity, interest rate and foreign exchange markets.  Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors.

Approximately 180 employees operate from our office located in Boston’s historic Back Bay. The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. We believe our firm’s greatest asset is the people who work here.

The Investment Operations Specialist resides within our Back Office Operations group. This is a great opportunity to work with a dynamic group of people while learning about the operational aspects of our firm.

Primary Responsibilities:

Manage, prepare, and review the firm’s reconciliation process on a daily basis for all derivative securities.

Reconcile and process principal and interest payments for all derivative securities.

Communicate derivative discrepancies with external parties (prime brokers, banks, administrators, etc.) as well as internal departments in order to resolve breaks.

Project, prepare and analyze daily derivative margin calls.

Work with colleagues internally as well as the firm’s external counterparties.

Gain a working knowledge of the firm’s general trading strategy, operations, and common cash flows.

Assist in reviewing monthly shareholder statements.

Other operational, recordkeeping, and data processing assignments as determined.

Qualifications:

B.A. degree in Finance, Accounting, or a related field.

0 to 3 years of relevant operational work experience including fund accounting, reconciliation and custody preferred.

Understanding of accounting controls as they relate to the investment management industry.

Strong communication and interpersonal skills.

Proficient in Microsoft Office applications including Excel.

Possess exceptional organizational and time management skills as well as attention to detail.

Current anticipated annual base salary range: $75,000 - $80,000

Base salary within the range will be determined by various factors including but not limited to the individual's experience, skills and qualifications.

The Company does not offer visa sponsorship for this role.

Source: Bracebridge Capital careers (Greenhouse)

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