Job Summary:
The Reconciliation Associate is responsible for comparing investment portfolio data from external sources with an advanced web-based system. Their primary responsibility is to guarantee the prompt and precise delivery of comprehensive portfolio status updates to clients on a daily basis.
Responsibilities:
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Meets daily deadlines for the review and update of reporting data.
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Investigates and takes action on identified issues within the reconciliation system through problem-solving, seeking support from mentors and department experts as needed.
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Creates and maintains valuable relationships with data providers, clients, and internal stakeholders.
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Contributes feedback to product teams on internal projects as requested.
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Demonstrates familiarity and competency with internal tools and processes.
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Understands financial concepts and can apply them to reconciliation errors.
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Effectively communicates with internal and external parties to submit inquiries and provide timely updates on relevant issues.
Required Skills:
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Basic understanding of investment, financial, and accounting concepts.
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Finance and/or accounting experience preferred.
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Knowledge of GAAP and/or IFRS will be an added advantage.
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Basic understanding of standard security types.
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Securities or financial markets experience preferred.
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Advanced ability in Microsoft Excel (VLOOKUP, SUMIF, Pivot Tables, VBA, etc.) preferred.
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Strong computer skills, including proficiency in Microsoft Office.
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Excellent attention to detail and strong documentation skills.
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Outstanding verbal and written communication skills.
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Strong organizational and interpersonal skills.
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Exceptional problem-solving abilities.
Education and Experience:
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Bachelor's degree in a finance-related and analytical field.
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1+ years of directly applicable experience (reconciliation, accounting, or finance)
Top Skills
What We Do
Clearwater Analytics is the leading provider of web-based investment portfolio accounting, reporting, and reconciliation services for institutional investors at thousands of organizations.
Clearwater aggregates, reconciles, and reports on more than $5.5 trillion in assets across thousands of accounts daily. Our clients include corporate treasuries, insurance companies, investment managers, banks, governments, and other institutional investors both in the United States and worldwide.
For more than a decade, we have leveraged web-based software and world-class client service to help clients such as American Family Insurance, Arch Capital, C.V. Starr & Co., Cisco, Facebook, Oracle, Selective Insurance, Sirius Group, Sompo International, Starbucks, WellCare Health Plans, Wilton Re, and many others, streamline their investment and accounting operations. Clearwater also works with hundreds of custodians, investment managers, dealers/brokers, and electronic trading portals who offer Clearwater to their many clients.
With global headquarters in Boise, Idaho, and offices in Edinburgh, London, New Delhi, New York, and Singapore, Clearwater sets the new global standard for investment portfolio reporting.
