Senior Associate, Portfolio Accounting

Location: Boston,Massachusetts,United States

Income Research + Management is a Boston-based, privately owned, fixed income asset management firm. IR+M delivers strong performance and consistent results through a rigorous, bottom-up security selection process and strives to provide best-in-class client service to our 700+ institutional and private wealth clients.   

Founded in 1987 and located in the heart of Boston’s financial district, IR+M employs 200+ full time professionals and currently manages $100+ Billion in assets. We offer industry-leading benefits, as well as a challenging, collegial, and rewarding workplace with high levels of employee engagement. 

IR+M implements a hybrid work model that will mix days with your team in the office and remote work, leveraging first class technology solutions.

Job Description: 

We seek an individual to join the 5-person Portfolio Accounting Team as a Senior Associate. This position will report to the Portfolio Accounting Manager. Portfolio Operations is responsible for day-to-day functions related to Corporate Actions, Account Onboarding (Mandate Change & In-kind Transfer), IR+M Private Funds, and Cash flows.  Our team liaises daily with the Investment Team, Client Service, Investor Services, and key external entities, including custodian banks, brokers, and service-providers.        

 Responsibilities:

•     Ensure accurate account activity for all IR+M accounts and products (including cash flows, corporate actions, transfers of securities-in-kind, mandate changes, account-level or security level restrictions, IR+M Commingled Funds, etc.) into SimCorp 

•     Support the Portfolio Analyst/Trade Operations team in identifying security and cash dispersion of like portfolios 

•     Prepare and respond to ad-hoc/monthly/quarterly reporting and accounting-related requests

•     Assist with training and onboarding of new associates

•     Work with internal Account Services Team for client onboarding and any account changes

•     Work directly with other internal Operations groups to ensure that the accounting records as reflected in SimCorp are 100% accurate; work to resolve any breaks or differences

•     Problem-solve for non-routine events and appropriately elevate issues as needed  

•     Answer questions and serve as a resource for the team with daily work and any problems/exceptions to routine operating procedures

•     Communicate with Portfolio Accounting Manager to elevate issues, problems, suggest workflow improvements and provide feedback as requested

•     Work on other projects as needed

•     Our 8-hour shifts can vary between 8:00 AM and 8:00 PM, with schedules subject to change at any time based on operational needs. This does not mean that employees are expected to work during that entire time, but they may need to be available depending on business needs and volume.

Required Skills and Experience:

•     3-5 years of experience in fixed income or a related industry

•     Ability to thrive in a fast-paced operations group and manage multiple priorities

•     Knowledge of fixed income securities

•     Knowledge of cash management and processing

•     Knowledge of account reconciliation processes

•     Knowledge of Corporate Actions (mandatory and voluntary) and processing is a plus

•     Curiosity to learn – growth mindset

•