Guggenheim Services, LLC

Portfolio Operations

Job Locations US-IL-Chicago
Posted Date 1 month ago(4/26/2023 10:31 AM)
Job Category
Finance & Accounting Jobs
Position Type

Position Summary

Guggenheim is seeking an exceptional candidate to join its Investment Management Operations function. The Portfolio Reconciliation Associate is part of the Guggenheim Investments Portfolio Operations team and is responsible for ensuring that both cash and positions across assigned portfolios are accurate. The ideal candidate will be extremely organized while having the confidence and communication skills to effectively work in a team setting. A key aspect of the role is managing and liaising with counterparts at global custodians to minimize market risk, in addition to effectively communicating cross functionally with internal teams.  The Associate role requires the ability to analyze upstream business processes and understand where gaps may exist and propose recommendations for process improvements. 

The position is located in the Chicago office.

Essential Job Functions

  • Ensure that all cash and positions are reconciled accurately, efficiently and on a timely basis
  • Publish daily cash balances across all Guggenheim Portfolios for our Portfolio Management Team
  • Work with internal and external parties in order to resolve breaks, identify root causes and expedite resolution
  • Monitor formal processes in order to ensure reconciliation processes meet standards established by internal and external auditors including SAS 70 requirements
  • Liaison daily with our offshore team to review daily tasks and continuously explore opportunities to improve our current workflow
  • Responsible for reviewing that all portfolio level transactional activity is being properly recorded and perform daily reviews on system-to-system feeds of transactional activity
  • Actively update and maintain firm wide policies and procedures
  • Build relationships with internal and external teams
  • Assist with internal/external ad hoc requests
  • Lead special projects focused on improving efficiency
  • Other duties as assigned

Preferred Qualifications

  • Strong problem-solving skills and demonstrated ability to take initiative and critically analyze processes and procedures in a push toward constant improvement
  • Must have a strict attention to detail while able to prioritize issues appropriately
  • Team-oriented individual with ability to collaborate with a diverse range of groups
  • Ability to multitask and meet tight deadlines in a fast-paced environment, while maintaining accuracy and quality of work
  • Desire to work in Investment Management space
  • Familiarity or prior experience with any of the following, a plus:
    • Fixed Income Instruments
    • Fund Accounting
    • Global Custodian Processes
    • Cash flows and transactions associated with securities (FI, EQ and Derivatives)
    • BlackRock Solutions and/or Wall Street Office

Basic Qualifications

  • Bachelor’s degree with at least 2-5 years of experience in financial services industry, specifically back office operations and/or fund accounting.
  • Excellent data skills (Excel, VBA, Access, etc.) and system experience

Salary Details

Actual base salaries may vary depending on factors such as location and experience.

About Us

Guggenheim Partners is a diversified financial services firm that delivers value to its clients through two primary businesses: Guggenheim Investments, a premier global asset manager and investment advisor, and Guggenheim Securities, a leading investment banking and capital markets business. Guggenheim’s professionals are based in offices around the world, and our commitment is to deliver long-term results with excellence and integrity while advancing the strategic interests of our clients.

Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Learn more at, and follow us on LinkedIn and Twitter @GuggenheimPtnrs.


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