Job Description

Job Description :

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Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)



Please review the following job description:

Sterling Capital Management LLC (Sterling), headquartered in Charlotte, North Carolina, is a registered investment adviser founded in 1970 with offices in Raleigh, NC; Richmond, VA; Philadelphia, PA; Virginia Beach, VA; Washington, DC; San Francisco, CA and Jupiter, FL. The firm is an independently operated subsidiary of Truist Financial Corporation, the sixth-largest U.S. bank holding company, with Sterlings management and key professionals retaining a minority portion of profit interests in the firm. As of June 30, 2020, the firm had 161 employees and over $59 billion in assets under management providing investment management services to a diversified group of clients including corporate, public, endowment, foundation, and health care investment pools. Sterling specializes in the management of fixed income, equity and multi-asset portfolios.

Sterling Capital Management is seeking experienced Portfolio Administrators to perform portfolio accounting, reconciliation, and reporting. This is an essential and foundational position for the effective functioning of our business. Precise, organized, and highly accountable professionals are desired. A successful Portfolio Administrator combines excellent math and problem solving skills, a sound proficiency with technology (from Outlook and Excel to Bloomberg, Advent, and Charles River), and a strong customer service approach.

Accurate, timely investment account data, generated by Portfolio Administrators, is critical to supporting nearly every aspect of Sterling; from portfolio management and trading, to compliance, to marketing and client service.

Portfolio Administrators oversee portfolio accounting for an assigned group of institutional, separately managed fixed income and equity accounts. This requires daily reconciliation of Sterlings portfolio accounting system to the clients book of record at custody, with the active resolution of any breaks.

In addition to these core tasks, Portfolio Administrators also deliver system-generated account statements, provide customer support to multiple internal groups by answering requests, support the full life-cycle of client accounts from new account onboarding through portfolio closing, and participate in several auxiliary activities such as pricing reviews, data validations, and corporate actions processing.

Core Responsibilities:

* Ensure transaction/position integrity in Sterlings records (Advent APX) against client custodial records, and also to Sterlings OMS (Charles River) and relevant reference data (Bloomberg, etc.).
* Research and remediate reconciliation discrepancies daily. Requires close and frequent communication (email and phone) with counterparts at custodial banks and internal settlement team.
* Prepare and distribute all month-end accounting and performance statements, per client specific instructions, for assigned client list during first 7 business days after month end.
* Manage operational aspects of new account onboarding, including set up of account attributes in portfolio accounting system, data feed connectivity to custodian, and verifying funding status.
* Oversee necessary steps for other operational activities over an account lifecycle, such as contributions/withdrawals, audit requests, and account terminations.
* Provide internal customer support, quickly responding to a high volume of time sensitive questions and requests from multiple internal teams.

Skills and Competencies:

* Bachelors degree. Preferably in accounting, finance, or relevant field.
* 2+ years of back/middle office financial work experience, preferably within Asset Management.
* Technical understanding of investment markets, securities, security data, and investment systems.
* Direct experience with a portfolio accounting system, preferably an Advent system.
* Excellent overall computer skills with demonstrated proficiency in several software packages. Familiarity with Bloomberg, Charles River, Factset and Salesforce preferred.
* Strong ability in Microsoft Excel, including vlookups, pivot tables and macros.

Character Traits:

* Accurate Highly precise and accurate, truly detail oriented. High degree of personal accountability and high standards. Take initiative, accept responsibility, and work accurately under pressure.
* Timely Deliver work on time while juggling multiple competing demands. Requires a high degree of organization, prioritization, and focus. Ability to stay calm under pressure and meet deadlines.
* Productive Efficiently master the workload on a daily basis. Effectively handling the routine tasks and seamlessly juggling unplanned, urgent issues that need attention. Committed to ensuring the job gets done, happily putting in extra efforts and going above and beyond where needed.
* Service oriented Strong communicator (written and verbal) with helping, service oriented mindset. Quickly respond to requests with useful, accurate information. Inspire confidence in our work product.
* Critical thinker Ability to both follow process and standards while also thinking critically and creatively to actively problem solve, trouble shoot, and create solutions to one-off issues.

Truist supports a diverse workforce and is an Equal Opportunity Employer who does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Drug Free Workplace.

Thank you for your interest in Truist! BB&T and SunTrust have come together in a transformational merger of equals to create Truist, the premier financial organization in the country. You may notice references to our legacy company names, BB&T and SunTrust, in places throughout this site. All such references should be understood to refer to Truist moving forward while we continue to transition to the Truist name.

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Thank you for your interest in Truist! BB&T and SunTrust have come together in a transformational merger of equals to create Truist, the premier financial organization in the country. You may notice references to our legacy company names, BB&T and SunTrust, in places throughout this site. All such references should be understood to refer to Truist moving forward while we continue to transition to the Truist name.