Derivatives Reconciliation Analyst - $40/hr

Boston, MA 02210

Posted: 07/29/2019 Employment Type: Contract Specialty: Accounting & Finance Job Number: 83698
A prominent financial firm in Boston, Massachusetts is currently searching for a derivatives reconciliation analyst who will be responsible for checking to make sure that each client’ s portfolio is accurately reflected in their portfolios. In addition, the candidate would also be responsible for managing client portfolios.

Compensation: $40/hr

Responsibilities for Derivatives Reconciliation Analyst:
  • Execute of the reconciliation  process for client accounts that cannot be outsourced; manage high priority exceptions requiring escalation
  • Work with peers in Portfolio Accounting to continuously improve accounting capabilities
  • Compare the results of transaction, position, market value exceptions
  • Follow through on exception resolution with client custodians and internal teams for exceptions
  • Develop robust knowledge of data, accounting practices and security representation and how these interact with external parties
  • Evaluate the recon vendor exception identification process and suggest improvements and changes that reduce risk and exception volume
  • Define and improve technology solutions, including participating in UAT
  • Document running rules, procedures and establish policies for exception resolution with the recon vendor and/or the internal teams
  • Assist in regulatory and audit queries
Requirements for Derivatives Reconciliation Analyst:
  • College degree and a minimum of 5 years of experience in the financial  services industry, preferably in portfolio or fund accounting role. 
  • Experience working with, and accounting for, derivatives and synthetic exposures, fixed income and a broad knowledge of capital markets
  • Excel - look-up, pivot tables and if/else statements and or SQL
  • Exercises good business judgement and communicates effectively with peers
  • Strong interpersonal skills with a customer service focus
  • Technology savvy with a strong knowledge working with Microsoft Office
  • Strong organizational skills with great attention to detail
  • Strong multi-tasking and prioritizing skills with the ability to meet deadlines
  • Excellent written and verbal communication skills
  • Ability to work independently and as part of a team
  • Must be eligible to work in the U.S. without sponsorship

Benefits for Derivatives Reconciliation Analyst:

  • Competitive health care insurance is offered to all eligible employees
  • Great work/life balance
  • Retirement plans 
  • Employee development


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