Portfolio Accounting Associate

About AQR Capital Management 

AQR is a global investment management firm built at the intersection of financial theory and practical application. We strive to deliver superior, long-term results for our clients by seeking to filter out market noise to identify and isolate what matters most, and by developing ideas that stand up to rigorous testing. Underpinning this philosophy is an unrelenting commitment to excellence in technology — powering our insights and analysis. This unique combination has made us leaders in alternative and traditional strategies since 1998.

AQR takes a systematic, research-driven approach, applying quantitative tools to process fundamental information and manage risk. Our clients include institutional investors, such as pension funds, insurance companies, endowments, foundations and sovereign wealth funds, as well as financial advisors.

The Team:

The Operations team is responsible for supporting the various trading, investment, client and reporting activities of the firm. Trading operations, portfolio operations, asset servicing, client administration and project management are the departments which fall under the operations umbrella. The core mission of the group is to establish scalable investment workflows, ensure a controlled operating environment and deliver high quality client service to both internal and external business relationships. In addition to supporting primary investment related activities, the groups assist in the design and implementation of firm wide projects, operational due diligence, counterpart management and client related activities

Your Role:

• Reviewing monthly NAV calculations, administrator reconciliations, Profit and Loss (“P&L”) calculations, trial balance, fund allocations, management and performance fee calculations, and investor statements
• Reviewing daily reconciliation of cash, positions, market values, trade breaks, P&L analysis, and corporate action analysis;
• Monitoring cash flows and margin movements and overseeing inquiry resolution
• Conceptualizing and executing automation to increase efficiency and add scale;
• Monitoring daily cash and position tasks to ensure completion;
• Participating in special projects aimed at enhancing processes and reducing risk; 
• Contributing to the development and enhancement of the team’s systems and processes to ensure continual efficiency gains, quality control, and process improvements.
• Overseeing our Admin’s, Custodians, and Brokers
• Demonstrate an advanced understanding of various financials instruments for example swaps, futures, repos, equities
• Bring creative ideas and work closely with technology to execute on those ideas to build further automation and scale
• Work closely with various groups, for example: Compliance, Legal, Tax, and Business Development to solve complex problems and find client solutions

What You’ll Bring:

• Undergraduate Degree
• 5+ years of experience in a Portfolio Accounting role at a bank, Admin or investment manager
• Experience in Operations – preferably Hedge Fund experience
• Product knowledge in Equity and Derivative (OTC, FX, etc.) asset classes
• Superior analytical and communication skills
• Highly organized, able to multi-task, and eager to learn
• High attention to detail and ability to organize priorities
• Proficient in Excel/SQL
• Mind set of continual process enhancement and automation
• Comfortable working in a fast paced, team-based environment

AQR is an Equal Opportunity Employer. EEO/VET/DISABILITY

The salary range for this role is expected to be $90,000-$110,000. This is the range that we in good faith believe is accurate for this role at the time of this posting.  We may ultimately pay more or less than the posted range, depending upon factors such as skills, experience, location, or other business and organizational needs.  This wage range may also be modified in the future.

This job is also eligible for an annual discretionary bonus.

We offer comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), and any other benefits to eligible employees.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company’s sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.