CLIENT OPERATIONS ASSOCIATE recruitment
HighMark Capital Management is the wholly owned investment management subsidiary of Union Bank, N.A., providing a full range of investment solutions and managing over $17 billion for retirement plans, public agencies, corporations, educational institutions, foundations, endowments, and high-net-worth individuals. We are committed to outstanding research, a disciplined investment process and thorough risk management. Visit www.highmarkcapital.com for more information.
The HCM Client Ops Associate will work closely with portfolio managers regarding the operations, reconciliation, and reporting of their accounts.
Major Responsibilities: 40% - Reconciliation, researching, and resolving holdings, transactions, and cash in Highmark accounting systems using Staars recon tool, Microsoft Excel, Bloomberg, and custodian reports. Must be able to calculate income and paydowns on assets using Bloomberg screens. 10% - Mark to Market Evaluation and pricing of securities using IDC pricing and Bloomberg. 10% - Researching and resolving failing executed trades with custodian and portfolio manager using Bloomberg. 30% - Prepare monthly portfolio/income reports equivalent to Balance Sheet, Income Statement, Statement of Change in Cash Flow, and Statement of Change in Net Assets for clients and creation of client PowerPoint presentations for portfolio managers. 10% - Assist Operations Manager with routine maintenance of Highmark systems: Bloomberg, PORTIA, SEI Trust, Staars.
Qualifcations
Knowledge, Skills, Abilities:
- Portfolio or fund accounting background preferred.
- Experience communicating, both verbally and written, in a business environment.
- Works efficiently in a cooperative teamwork environment.
- Ability to manage time on peak work days.
- SEI Trust 3000 knowledge preferred.
- Experience working with Thompson PORTIA product and/or Staars reconciliation product a big plus.
- Experience with Bloomberg account maintenance: adding accounts, brokers, setting up groups, and extracting data from Bloomberg helpful.
Education, Licensure, Experience:
- Requires a four-year college degree in Business, Finance, or Accounting.
- Requires knowledge of fixed income securities: yields, factors, coupon resets, etc.
- Intermediate/Advanced Knowledge of Bloomberg Excel formulas, Microsoft Excel and PowerPoint required.
Union Bank is committed to leveraging the diverse backgrounds, perspectives, and experiences of our workforce to create opportunities for our people and our business. EOE. M/F/D/V