AVP, Core Operations

Boston, MA, United States

Income Research + Management

Income Research + Management is a Boston-based, privately owned, fixed income asset management firm. IR+M delivers strong performance and consistent results through a rigorous, bottom-up security selection process and strives to provide best-in-class client service to our 800+ institutional and private wealth clients.

Founded in 1987 and located in the heart of Boston’s financial district, IR+M employs 20 0+ full time professionals and currently manages $100 + Billion in assets. We offer industry-leading benefits, as well as a challenging, collegial, and rewarding workplace with high levels of employee engagement.

We operate a hybrid work model that will mix days with your team in the office and remote work, leveraging first class technology solutions.

Job Description:

We seek an individual to join the 20+ person Operations Team as an AVP in Core Operations.Core Operations is responsible for all Investment Accounting and Custody processes for the firm.This position will report to an Operations Manager.The Core Operations team liaises daily with the Investment Team, Client Service, and key external entities, including custodian banks, brokers, and service-providers.

Job Responsibilities:

Operate as a subject matter expert across Core Operations functions; Accounting, Custody, Recon, Cash Flows, & Corp Actions

Become a Simcorp Dimension power user, submit technical issues and inquiries to SCDaas and partner with them to research and resolve open items

Understand the connections and dependencies of Operations systems and processes with those of the firm overall.

Provide support to Core Ops supervisors – cover operational tasks as needed, provide backup supervisory support, train staff on workflow, troubleshoot issues, etc.

Act as a point person in responding to various Ops requests in a timely and accurate manner

Play lead role in documenting and executing test cases for annual Simcorp upgrade

Identify process improvement opportunities within the team and partner with Ops managers to implement solutions

Work closely with other departments to triage issues and respond to client requests and inquiries

Participate in the monthly efforts to scrub/validate all accounting data before it is disseminated to clients

Assist with annual SOC 1 and commingled Fund audits

Timely escalation of material breaks and aged items to the Team Leader

Strong communication and awareness of when breaks impact other functions - trade settlement, portfolio accounting, performance, trading, client reporting

Ensure all desktop policies and procedures are updated, communicated, and followed

Work closely with Team Manager and Director of Operations on team planning and resource needs

Required Skills and Experience:

7-10 years of fixed income or related industry experience

Ability to work and thrive in a fast-paced operations group & manage multiple priorities

Knowledge of fixed income securities

Knowledge of Insurance Accounting and associated regulatory reporting

Broad Middle & Back office knowledge, including accounting, custody, recon, and corporate actions

Experience managing projects and process improvement initiatives

Knowledge of Simcorp Dimension

Experience with Bloomberg, SharePoint, Excel

Prior experience with an Investment Manager a plus

Bachelors degree required, work towards MBA and/or CFA a plus

What we offer you:

Joining the IR+M team is an opportunity to experience a unique and exciting culture and work environment. On a daily basis our employees are encouraged to personify our  Core Values ; working in a manner that emphasizes investment, respect, positivity, and motivation across the business and in delivering results for our clients.

We offer an array of diverse and inclusive benefits regardless of where you are in your career. We believe that providing our employees with the means to lead healthy balanced lives results in the best possible work performance.

· Hybrid work environment allowing individuals to build strong bonds with colleagues in the office mixed with remote work capability

· Medical, dental, vision and life insurance

· Retirement savings – 401(k) plan with a safe harbor contribution (3%), a company discretionary contribution (12%), and a broad investment lineup

· Tuition reimbursement up to $15,000/year

· $5,000 Referral bonus for employees who refer new hires

· Business-casual environment that includes the option to wear jeans

· Generous paid time off upon hire – including 20 days of vacation, 2 wellness days, unlimited sick time plus eight paid company holidays and 2 floating days each calendar year

· Paid volunteer time — 2 days per calendar year

· Leave of absence programs – including paid parental and family leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)

· Fitness, health, and composting reimbursements

In addition to the opportunity to participate in a discretionary bonus program, the salary range below describes the estimated minimum to maximum base salary range for a position of this level. Compensation decisions are dependent on the facts and circumstances of each candidate and may vary based upon but not limited to relevant experience, licensure requirements, certifications, skill set, and other business and organizational needs.

Base Salary Range:

$100,000- $130,000

Annual Performance Bonus:

This role is eligible for an annual performance-based bonus

#J-18808-Ljbffr