Portfolio Oversight and Management Support Contractor

Gravity IT Resources

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Title:  Portfolio Oversight and Management Support Contractor
Business Unit: Client, Finance and Operations – Public Portfolio Services
Location: Charlotte, NC

Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.

Job Summary
Barings Operations team has a temporary opening for a motivated individual who would like to join our innovative team of financial professionals. There is a significant system change going on through 2023 and the London team requires a temporary analyst to support the team on BAU processes as they work on supporting the implementation of the new system.

Primary Responsibilities
The candidate will be required to support the following core processes:

Portfolio Oversight and Fund Accounting:

  • Providing regular and ad-hoc support to the investment team and institutional clients
  • Overseeing the Service Provider in reconciling portfolio level activity
  • Reconcile monthly transactions, valuations, management and performance fee calculations, P&L components, and other activity between Barings and the fund accountant/administrator’s records on a monthly basis to ensure accuracy
  • Verifying accuracy of investor capital balances, NAV allocations, and subscriptions/ redemptions on a monthly basis
  • Respond to ad hoc requests from internal and external clients for additional information
  • Working effectively with outsourced third-party administrators and internal parties to ensure a high level of service. Raising service issues in an appropriate manner and following up issues to resolution
  • Maintaining awareness of client mandates, portfolio governing documents and regulatory restrictions.
  • Prepare relevant portfolio reporting as required.
  • Undertaking quarterly fund budget reviews, reaching out to relevant internal stakeholders to agree on specific line items
  • Undertake a monthly review of fund Total Expense ratios
  • Invoice approval and expense allocation.

Qualifications

  • Bachelor’s degree, or equivalent, in Accounting, Finance, or related business field preferred.
  • Experience in financial markets is preferred.
  • Experience in Fund Accounting is preferred.
  • Experience working with QIAIF/QIF/UCITS funds would be desirable
  • Experience using spreadsheet and database personal computer applications is preferred.
  • Strong organizational, analytical and troubleshooting skills with the ability to effectively summarize findings, both verbally and in writing, in a clear and concise manner.
  • Ability to perform accurately under pressure.
  • Detail-oriented and highly motivated.

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