Portfolio Accounting Analyst

JOB FUNCTION: Finance & Accounting
COMPENSATION: $30/hr - $50/hr
POSTED: Jan 20, 2023

Our client is one of the world’s leading independent asset managers. They have expanded from their headquarters in Boston to the main international and Asian financial centers, providing clients with local knowledge and global expertise. They are seeking a Portfolio Accounting Analyst to join their team!

Salary/Hourly Rate:

$30 – $50/hr, Overtime is paid if approved

Position Overview:

The Portfolio Accounting Analyst (“The Analyst”) is needed for 12+ months in a Contract position. This role will be part of the Cash Control team within Portfolio Administration. Portfolio Administration is a part of Portfolio Services which provides each of Wellington’s investment teams with the data, controls, and support they need to ensure that their investment intent is accurately reflected in accordance with client regulatory and operational requirements. Other teams within Portfolio Services include Portfolio Implementation, Portfolio Data, and Portfolio Integrity. The Portfolio Accounting Analyst will be responsible for operational support and driving key initiatives related to the accuracy of the firm’s internal representation of client Cash balances. Many of the initiatives include working in a team setting and communicating regularly with other groups within Portfolio Administration as well as vendors, Client Services/GRG, Portfolio Management, Fixed Income and Equity Trading teams, and Banks.

Responsibilities of the Portfolio Accounting Analyst:

  • Work with key partners across Portfolio Services to assess non-working currency balance exceptions, related processes and help develop new workflows to more efficiently manage  balances for clients and investors
  • Lead and participate in both small and large initiatives related Cash data and balances, with a focus on foreign exchange (FX) transactions
  • Liaise between Client Services, Portfolio Accounting and other internal stakeholders for implementation of Operating Model changes and onboarding of unique Cash services
  • Gain a thorough understanding of the operating model through daily oversight of all primary Cash Control workflows including FX’s reconciliation and execution,  processing, overdrafts, custodian capstock feeds monitoring, expense processing, etc.
  • Assess and create control reports to allow for efficient and independent workflow management
  • Participate in working groups to define effective solutions to complex business challenges and/or process improvements
  • Provide guidance and expertise to Business Analysts and IT regarding development requirements for FX initiatives and Cash availability
  • Strategically review our accounting capabilities and make recommendations where we need additional development or have opportunities to gain efficiencies and reduce risk exposure

Qualifications for the Portfolio Accounting Analyst:

  • Broad knowledge of capital markets
  • Extensive custody and accounting/recordkeeping experience
  • Knowledge of foreign exchange transactions and their impact on recordkeeping
  • Proven track record of initiating and managing change utilizing strong business judgment, risk analysis skills and risk mitigation techniques
  • Solid understanding of investment management operations and support practices
  • Well-developed interpersonal, presentation and communication skills, both verbal and written
  • Excellent organizational, interpretation and decision making skills
  • Demonstrate strong business judgment, including the ability to synthesize multiple complex issues and effectively balance competing objectives
  • Dedicated, highly motivated and passionate professional with a strong service and investment orientation
  • Ability to think with vision and communicate concisely
  • Ability to partner effectively with others
  • High degree of integrity and professionalism

Education Requirements:

  • College degree and a minimum of 2 plus years of experience in the financial services industry with working knowledge of custodian bank processes
  • An advanced degree or CFA is a plus


  • Client provided benefits, upon eligibility
As a woman-owned firm, we value diversity. We are an equal opportunity and affirmative action employer and will consider all applications without regard to race, sex (including gender, pregnancy, sexual orientation and gender identity), age, color, religion or creed, national origin or ancestry, veteran status, disability (physical or mental), genetic information, citizenship or any other characteristic protected by law. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.
Position ID: 117806