At Harris, the true value of what makes us successful is found in our people. It is our unique mix of cultures, experiences, beliefs and backgrounds that sets Harris apart from the rest. We constantly strive to cultivate, nurture and amplify an unparalleled environment, where we value intellectual curiosity and uniqueness of thought. Inclusion is embedded in the very fabric of our culture of collaboration and openness.

We understand that a job description only tells one part of a broader story, and Harris is seeking dynamic candidates who can add to our best-in-class environment. We recognize that qualifications can be gained through both traditional and non-traditional paths, and we are committed to considering candidates who possess the potential to be excellent in this role regardless of prior experiences.

Therefore we encourage ALL interested individuals to submit their applications, even if they do not meet every requirement outlined in the job description.

Position Summary:

The Portfolio Accounting team is responsible for investment accounting, cash flow management, and reconciliation activities across all Harris | Oakmark accounts, including mutual funds, ETFs, CITs, limited partnerships, separately managed institutional accounts, and private wealth accounts.

The Portfolio Accounting Associate plays a key role in maintaining the integrity of portfolio accounting data, overseeing critical operational controls, and supporting the firm's investment products and client accounts. Core responsibilities include cash flow processing and forecasting, processing of in-kind transactions and other account activity, and oversight of portfolio accounting functions outsourced to a third-party administrator. Oversight activities include reviewing custodian cash and position reconciliations for material breaks and assisting the vendor with resolution, ensuring all cash flows are accurately reflected across accounting and trading platforms, and coordinating the month-end ABOR books close.

The Portfolio Accounting Associate will interact daily with a broad range of internal teams including Portfolio Implementation, Performance Analytics, Account Services, Client Services, and other Operations groups. External communications will include custodians, fund administrators, vendors, consultants, and clients.

The ideal candidate will bring a control-oriented mindset, strong attention to detail, and a high degree of integrity. They must be able to manage multiple priorities simultaneously while thinking critically and escalating issues appropriately.

Responsibilities:

Process client-directed cash flows and account activity across trading and accounting systems accurately and in accordance with established controls and deadlines
Review daily cash flow control reports to identify outstanding items and ensure appropriate action is taken
Oversee the daily custodian cash, position, and lot-level cost basis reconciliations performed by the outsourced provider; identify material discrepancies and drive timely resolution
Perform periodic reviews across trading and accounting systems to confirm data integrity for key events including cash flows, corporate actions, in-kind activity, and account fundings and terminations
Lead the month-end ABOR books close process, coordinating across all Operations teams to ensure timely and accurate completion
Perform daily controls related to ETF basket positions
Assist in monitoring and reporting on outsourced provider performance against established KPIs
Support ad-hoc project work and process improvement initiatives as needed

Qualifications

Minimum of 2-4 years of experience in investment management, preferably in an operations or portfolio accounting, or related role
Strong working knowledge of investment management operations, including familiarity with mutual fund structures and processes
Familiarity with mutual funds, ETF, or separate account structures
Experience reconciling cash, positions, and/or security-level data within an investment management environment
Working knowledge of investment accounting systems and order management systems
Exposure to overseeing outsourced service providers or third-party administrators
Ability to exercise independent judgment, think critically, and resolve complex problems in a timely manner
High degree of integrity, accountability, and reliability
Strong attention to detail with a control-oriented mindset
Excellent communication and interpersonal skills, with the ability to interact professionally with internal teams, vendors, and external counterparties
Ability to prioritize and manage multiple tasks simultaneously while remaining adaptable to shifting priorities
Intellectual curiosity and a proactive approach to learning and process improvement
Ability to work both independently and collaboratively in a fast-paced environment
Bachelor's degree in Finance, Accounting, Economics, or a related field

Special requirements:

May be required to occasionally work early morning hours and/or evening hours, and possibly on holidays due to market conditions, trade volumes, special projects, or client and regulatory deadlines.

We offer a comprehensive benefits package designed to integrate life and work and to support our employees and their families. Benefits include, but are not limited to; medical, prescription drug, dental and vision insurance, paid time off, profit sharing plan, 401k plan, tuition reimbursement, commuter and holistic wellness benefits along with volunteer programs.

Actual annual base salaries may vary based on factors including but not limited to education, training, experience, and other job-related factors. If hired, base pay will be determined on an individualized basis and is only one part of the total compensation package, which, depending on the position, may also include a discretionary performance bonus and other Harris sponsored benefit programs. 

Expected range for this Chicago-based role

$85,000—$110,000 USD

Equal Employment Opportunity Policy StatementHarris Associates L.P. pursues a policy of equal opportunity in all areas of employment including recruitment, hiring, training, compensation, benefits, advancement, and treatment on the job. This means that Harris does not discriminate against employees, or qualified applicants, based on an individual's race, color, religion, creed, sex, age, national origin, physical disability, sexual orientation, trans-gender status, transsexual status, status as a veteran or disabled veteran, genetic information or for any other reason prohibited by law. Harris reserves the right to review publicly available information about applicants (i.e., via social networking sites), to the extent permissible under applicable law.

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We provide reasonable accommodation for individuals with disabilities and disabled veterans in job application procedures. If you have any difficulty using our online system and you need an accommodation due to a disability, you may use the alternative email address below to contact us about your interest in employment at [email protected] or you can call us at 312-646-3600.

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Expected range for this Chicago-based role 85000 - 110000 USD

Harris Associates

Senior Portfolio Accountant

About the Job

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About the Company

Harris Associates

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