This is a vital role in ensuring MFS can calculate independent Net Asset Values of investment funds. A Portfolio Operations (PO) Associate will operate and oversee reconciliation and NAV review technology to deliver a full reconciled gross Net Asset Value to client operations teams or clients, including cash, positions, dividend & interest reconciliations.
An PO Associate will have a strong understanding of what drives the value of an investment fund, the types of products it trades and the nature of day-to-day operations between an investment fund and its counterparties, all alongside a keen interest in learning new technologies and skills
- Ensure client transaction processing is complete, corporate actions have been booked correctly & security pricing is accurate.
- Review pricing of portfolios, confirming securities such as equities, options, futures, bonds & OTC derivatives are priced correctly.
Gather security prices from vendors such as Bloomberg & ICE when necessary.
- Operate and oversee reconciliation technology to deliver Investment Manager positions and profit & loss reconciliations.
- Perform NAV reviews, investigating what is causing changes in NAV from prior period.
- Support the new client onboarding processes.
- Liaise with custodians, brokers and other counterparties on an ongoing basis for break resolutions and process
- improvements.
- Additional responsibilities may include oversight of reconciliation and data transmission technology.
- Provide great client service to all our clients be they internal or external.
- Respond to queries from clients in a timely and productive manner.
- Ensure client SLAs are strictly adhered to.