Job Code
O0526EX
Department Name
Executive Office
Reports To
Deputy Director, Investment Operations
FLSA Status
Exempt
Union Code
N/A
Management
No
Job Description Title
Investment Operations Analyst
About Us:
Building Services 32BJ Benefit Funds (“the Funds”) is the umbrella organization responsible for administering Health, Pension, Retirement Savings, Training, and Legal Services benefits to over 185,000 SEIU 32BJ members. Our mission is to make significant contributions to the lives of our members by providing high quality benefits and services. Through our commitment, we embody five core values: Flexibility, Initiative, Respect, Sustainability, and Teamwork (FIRST). By following our core values, employees are open to different and new ways of doing things, take active steps to improve the organization, create an environment of trust and respect, approach their work with the intent of a positive outcome, and work collaboratively with colleagues.
The Funds oversees and manages $11 billion of dollars in assets, which are made up of many, varied and complex funds. The dollars come from a number of sources, including the property owners who pay into the funds on behalf of their employees, and as such, requires those who oversee and manage the money to be highly skilled financial management people.
32BJ Benefit Funds will continue to drive innovation, equity, and technology insights to further help the lives of our hard-working members and their families. We use cutting edge technology such as: M365, Dynamics 365 CRM, Dynamics 365 F&O, Azure, AWS, SQL, Snowflake, QlikView, and more.
Please take a moment to watch our video to learn more about our culture and contributions to our members: youtu.be/hYNdMGLn19A
Job Summary:
Under the direction of the Deputy Director, Investment Operations, the Investment Operations Analyst analyzes, evaluates, and reviews investment operations activities supporting a diversified institutional investment portfolio. The Investment Operations Analyst investigates operational exceptions, assesses data quality and control effectiveness, reviews portfolio and transaction information, and develops recommendations that support investment operations, reporting, and process improvement initiatives. The role exercises independent judgment in analyzing operational issues and recommending solutions, while final authority for transaction approvals, policy interpretations, and commitments of Fund assets remains with designated management personnel.
Essential Duties and Responsibilities:
- Analyze and review day-to-day investment operations activities to identify operational issues, assess risks, and recommend appropriate follow-up actions.
- Conduct gap analyses and assesses investment operations processes, controls, and workflows; evaluate opportunities for improvement and recommend enhancements that strengthen controls, data quality, and efficiency.
- Evaluate business requirements, review operational processes, analyze impacts, and develop recommendations related to system implementations, testing, process improvements, and departmental projects.
- Review workflow status, deadlines, and deliverables; assess competing priorities and recommend escalation or adjustments when operational risks or delays are identified.
- Review investment documentation and operational requirements associated with manager onboarding, account maintenance, subscriptions, funding, capital activity, and recurring reporting; assess completeness and recommend follow-up actions.
- Review, analyze, and investigate investment transactions, settlement activity, cash movements, capital calls, distributions, subscriptions, and related documentation; assess exceptions and recommend corrective actions for management consideration.
- Evaluate investment data integrity across multiple systems, investigate inconsistencies, and recommend improvements to data quality, documentation, and operational controls.
- Review and analyze information received from investment managers, custodians, consultants, fund administrators, legal counsel, and other service providers; investigate operational issues and recommend solutions to management.
- Evaluate the effective use of Canoe Intelligence, Bipsync, Microsoft 365, and other investment operations, accounting, reporting, and data platforms and recommend practical workflow enhancements.
- Maintain accurate and complete investment records, operational documentation, contact information, and workflow status across departmental systems.
- Maintain confidentiality, sound judgment, professionalism, and a high degree of accuracy when reviewing financial and investment information.
- Perform other analytical duties and special projects assigned by the Deputy Director, Investments Operations.
Qualifications (Competencies):
- 1-4 years of relevant experience in financial services, business analysis, retirement services, investment operations, or a related field, preferably within a multi-employer, public, or corporate pension plan environment.
- Experience supporting an institutional investment office, pension plan, endowment, foundation, asset manager, custodian, fund administrator, investment consultant, or financial services organization preferred.
- Understanding of investment concepts, accounting principles, cash flows, reconciliations, controls, and financial markets is preferred.
- Proficiency in Microsoft Excel, including the ability to organize, reconcile, analyze, evaluate, and present financial and investment data; proficiency in PowerPoint and other Microsoft 365 applications.
- Ability to learn and evaluate web-based applications, investment technology platforms, financial databases, document-management tools, and workflow systems quickly.
- Familiarity with platforms such as MSCI Total Plan Manager (formerly Caissa), Solovis, DiligenceVault, eVestment, PitchBook, Canoe Intelligence, Bipsync, Power BI, or similar systems is preferred but not required.
- Strong technical aptitude and the ability to review and assess the accuracy, completeness, and organization of records maintained across multiple systems.
Soft Skills (Interpersonal Skills):
- Excellent analytical, organizational, problem-solving, and critical-thinking skills.
- Ability to investigate issues, evaluate alternatives, assess operational risk, and develop clear, supportable recommendations.
- Strong written and verbal communication skills, including the ability to explain analyses and recommendations to internal and external stakeholders.
- Ability to prioritize competing assignments, meet deadlines, follow established controls, and escalate matters that require management approval.
- Demonstrated integrity, discretion, accountability, initiative, and commitment to continuous learning.
Education:
Bachelor’s degree in Finance, Economics, Accounting, Business Administration, Mathematics, Data Analytics, or a related discipline required.
Reasoning Ability:
High
Certificates, Licenses, Registrations:
Willingness to pursue the Certificate in Investment Performance Measurement (CIPM) or another relevant investment operations, accounting, data, or performance-measurement credentials as part of ongoing professional development.
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
Skills Required
- 1-4 years of relevant experience in financial services, business analysis, retirement services, investment operations, or a related field
- Bachelor's degree in Finance, Economics, Accounting, Business Administration, Mathematics, Data Analytics, or a related discipline
- Proficiency in Microsoft Excel for organizing, reconciling, analyzing, evaluating, and presenting financial and investment data
- Proficiency in PowerPoint and other Microsoft 365 applications
- Ability to learn and evaluate web-based applications, investment technology platforms, financial databases, document-management tools, and workflow systems
- Experience supporting an institutional investment office, pension plan, endowment, foundation, asset manager, custodian, fund administrator, investment consultant, or financial services organization
- Understanding of investment concepts, accounting principles, cash flows, reconciliations, controls, and financial markets
- Familiarity with investment and data platforms such as MSCI Total Plan Manager, Solovis, DiligenceVault, eVestment, PitchBook, Canoe Intelligence, Bipsync, or Power BI
- Willingness to pursue the Certificate in Investment Performance Measurement or another relevant credential
What We Do
The Building Service 32BJ Benefit Funds is the umbrella organization responsible for administering benefits, including Health, Pension, Retirement Savings, Training and Legal Services benefits to over 100,000 SEIU 32BJ members. SEIU 32BJ is the union representing property service workers, including office cleaners and residential doormen and superintendants, from Connecticut through Florida. Pension The Pension Fund provides retirement security for members and their spouses through a regular monthly pension benefit based on their years of service. Retirement Services The Supplement Retirement Savings Plan (SRSP) strengthens members’ retirement security through self directed retirement accounts funded by both employer contributions and participant savings. Health The Health Fund provides comprehensive, affordable high quality health benefits to members and their families. Training The Training Fund offers more than 100 different courses and seminars, ranging from Green Buildings to English as a Second Language, and everything in-between. Legal The Legal Fund provides legal representation to members, retirees and their dependants in a broad range of matters, including family, immigration, consumer and criminal law. The Benefit Funds’ main office is in New York City, with satellite offices in New Jersey, Connecticut and Washington, DC.
