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Investment Portfolio Operations Specialist

2 months ago


Morristown, Tennessee, United States Atlantic Health System Full time
Job Description

The Investment Portfolio Operations & Accounting team at Atlantic Health System is seeking a highly skilled professional to join our team as an Investment Portfolio Operations Associate. This role will be responsible for monitoring and executing all material aspects of the company's investment portfolios, including AHS Hospital Corp., AHS Insurance Company, LLP, and AHS Hospital Corp.'s sponsored Cash Balance Plan and Post-Retirement Plan.

Key Responsibilities:
  • Provide investment operations, investment accounting, and performance reporting in support of the company's investment pools.
  • Collaborate closely with the accounting team for month-end close and ensure the accuracy of internal controls and reporting related to the company's investment pools.
  • Coordinate custody operations and prepare supporting documentation for the processing and execution of investment transactions.
  • Perform daily monitoring of investment portfolios and execute operational activities as deemed necessary by the Director of Investment Strategy.
  • Initiate and monitor necessary portfolio asset sales/transfers with the company's custodian as directed by the Director of Investment Strategy.
  • Manage onboarding process for new investment managers and track all funding activities, including new funding events and redemptions.
  • Assess the accuracy of investment manager fees against agreed-upon manager contractual agreements and keep detailed records of all investment management fees paid.
  • Ensure vendor payment requests, including investment management fees, are prepared and processed, and establish accruals for expenses as necessary.
  • Execute payments, including the implementation of capital calls, and review cash balances for pension obligations and maintain adequate funding of pension custody and cash flow accounts in coordination with internal benefit payment services partners.
  • Support and improve the monthly investment performance reporting and due diligence process.
  • Monitor compliance of investment portfolios for established investment manager guidelines using the custodial compliance platform.
  • Perform analyses and reconciliations between the Custody Bank and AHS investment managers' reporting, including distributions, receipts, disbursements, and capital calls, to perform daily accounting activities and manage financial reporting.
  • Perform and document period-end portfolio valuation adjustments to support ongoing financial reporting requirements.
  • Assist with the accounting close and reporting of investments, including sourcing reports to facilitate the accounting department's journal entries, account reconciliations, and analysis of financial results.
  • Conduct in-depth analysis and research of historical financial data relating to custody monthly and for year-end reporting.
  • Assist in the preparation of schedules and footnote disclosures for quarterly and annual audited financial statements.
  • Work with internal partners on quarterly and year-end financial audit activities for investment-related matters, including investment results recognized, unrealized, and purchases and sales.
  • Support the implementation of business solutions by partnering with Northern Trust Custody, Investment Manager fund accounting teams, and Investment Consultants.
Requirements:
  • 5+ years of relevant, professional work experience.
  • Must have knowledge of Custody banking and investment operations.
  • Knowledge of Investment Accounting.
  • Proficiency in and/or ability to communicate effectively within AHS, as well as with the custodian, and other external stakeholders.
  • Astute attention to details and ability to report findings on a timely basis.
  • Financial reporting experience to both internal and external entities with analytical skills to develop and interpret financial analyses.
  • Ability to take initiative and perform research to identify, analyze, and recommend actionable solutions to issues.
  • Proficiency in and/or ability to learn completing short- and long-term projects effectively and as efficiently as possible.
  • Ability to work independently.
  • Strong analytical and/or quantitative skills.
  • Demonstrated ability to multi-task and prioritize tasks appropriately.
  • Proficiency and advanced knowledge of Excel, Word, PowerPoint, and Adobe.
Education, Training, Licenses, Certifications:
  • Bachelor's Degree in Finance, Business, or Accounting.