Guggenheim Services, LLC

Investment Accounting Associate

Job Locations US-IL-Chicago
Posted Date 3 weeks ago(8/31/2023 1:45 PM)
Job Category
Finance & Accounting Jobs
Position Type

Position Summary

Guggenheim is launching a search for an exceptional candidate to join its Investment Accounting team as an Associate. This person will be responsible for resolving cash and position reconciliation exceptions; analyzing security-level accounting information for client portfolios; and maintaining balance sheet values used in the portfolio management decision-making process.

The ideal candidate will be organized, detail-oriented, innovative, manage time efficiently, and possess critical and analytical-thinking skills. A key aspect of the role is collaborating and communicating with other groups within Investments Operations, portfolio management teams, and custodial bank representatives.


This is on-site position located in Chicago.

Essential Job Functions

  • Ensure cash and holdings are reconciled to custody accounts’ positions and values. Communicate and resolve exceptions with Custodian
  • Reconcile cash per bank to investment accounting records (including reconciliation of open receivable/payable for securities, due and accrued interest)
  • Reconcile accounting book of records’ (“ABOR”) positions and asset values to the corresponding investment book of records’ (“IBOR”) positions and asset values; efficiently and accurately analyze root causes of variances, and clearly summarize exceptions for management’s review
  • Work with internal and external parties to resolve reconciliation exceptions, identify root causes of exceptions, and escalate to stakeholders as needed
  • Execute controls to ensure accuracy of data in accounting system
  • Monitor and record asset transfer and exchange activity in the accounting system
  • Work with Client Service Support team to ensure portfolio and security-level accounting are correct at the point of initial account set-up
  • Process capital activity for limited partnership portfolio; reconcile monthly transactions and prepare monthly LP market value rollforward report
  • Review fixed income cash flows and perform yield analysis in ABOR to support accurate accounting book values and yields
  • Asist in review and up-load accounting book value information into IBOR
  • Participate and contribute to initiatives that generate greater accuracy in accounting information and process efficiencies; and assist with ad hoc requests and special projects as assigned

Preferred Qualifications

  • Currently holding or pursuing CPA or CFA.
  • 1-3 years in financial services, specifically back-office investment operations and/or fund accounting
  • GAAP and/or Statutory accounting for insurance company investments.
  • Experience with PAM for Investments, BlackRock Solutions and/or Wall Street Office or a similar investment system

Basic Qualifications

  • Bachelor’s degree in finance or accounting.
  • Team-oriented individual with ability to collaborate with a diverse range of groups.
    • Ability to multitask, prioritize and meet tight deadlines in a fast-paced environment, while maintaining accuracy and quality of work.
    • Analytical mindset to problem-solve and analyze processes and procedures for improvements
  • Proficiency in MS Excel, Access, Word, etc.
  • Sound working knowledge of fixed income, limited partnerships, and equity securities.

Salary Details

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


Currently, this role is expected to be in the ­Chicago office at least 4 days per week.

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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