Analyst, Portfolio Administration at Virtus

New York, New York, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Investment Management, Financial ServicesIndustries

Requirements

Bachelor’s degree
Experience in reconciliation processes
Bloomberg and Bloomberg AIM experience a plus
Proficiency with Excel and VLOOKUPs
Highly motivated with strong interpersonal skills
Exceptional attention to detail
Proficient documentation skills
Ability to work under pressure
Experience in a multi-boutique or large investment management organization is a plus
Ability to work independently and in a team
Work well under pressure and comfortable with change and complexity
Strong verbal and written communication
Ability to handle multiple competing deadlines and tasks

Responsibilities

Perform daily and monthly client account transactions, cash, positions, and market value reconciliations with counterparties, agent banks, and custodians
Research any exceptions found during the reconciliation process and communicate with counterparties and other internal departments as appropriate
Ensure the accuracy of all records booked by the Investment Managers utilizing VBAM and the Custodians/Fund Administrators
Ensure all prior month adjustments have been reflected properly
Complete client-required month-end reconciliations in a timely manner to meet deadlines
Identify solutions for business processes
Recommend enhancements to procedures and project workflow to provide efficiency
Evaluate business processes and recommend areas for improvement
Collaborate with teammates and colleagues to streamline processes and create efficiencies where applicable
Work with the technology team to monitor and improve existing processes
Participate and complete tasks in various investment operations projects
Field ad hoc requests and questions to provide additional support as needed

Skills

reconciliations

cash reconciliation

position reconciliation

market value reconciliation

portfolio administration

investment operations

VBAM

custodians

agent banks

exception research

Virtus

Insurance brokerage specializing in customized solutions

About Virtus

Virtus Insurance provides tailored insurance solutions for businesses, focusing on the commercial insurance market. The company offers customized strategies for managing property and casualty insurance as well as employee benefits. By employing experienced consultants, Virtus Insurance assesses clients' specific needs and areas of exposure to deliver effective solutions. Unlike many competitors, Virtus emphasizes building strong, long-term relationships with clients, allowing for ongoing support and adaptation of insurance strategies. The Property and Casualty Unit is known for its meticulous risk assessment, while the Employee Benefits Unit focuses on creative, data-driven strategies to enhance employee benefits. The goal of Virtus Insurance is to reduce risk and save money for its clients through personalized service and expertise.

Overland Park, KansasHeadquarters

2013Year Founded

SECONDARY_PRIVATECompany Stage

Consulting, Financial ServicesIndustries

51-200Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Hybrid Work Options

Risks

Competition from InsurTech startups may erode Virtus's market share.

Rising interest rates could affect insurance product pricing.

Stricter data privacy regulations may increase compliance costs for Virtus.

Differentiation

Virtus offers highly customized insurance strategies tailored to client needs.

The company focuses on building strong, long-term client relationships.

Virtus employs experienced consultants for precise risk assessment and innovative solutions.

Upsides

Growing demand for cyber insurance presents new expansion opportunities for Virtus.

AI-driven underwriting can enhance Virtus's data-driven consulting services.

Increased focus on mental health benefits aligns with Virtus's employee benefits offerings.

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