TIAA Portfolio Accounting Supervisor in CHARLOTTE, North Carolina
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies.
Members of the Portfolio Accounting team within the Nuveen Middle Office department are responsible for the accurate and timely recordkeeping of investment portfolios managed by the Nuveen investment teams. They plan a critical role in mitigating operational risks of the firm. Through the reconciliation processes with the custodians and other internal controls, they ensure that all of the activity on the securities held within each portfolio is reflected in the recordkeeping system. As one of the Supervisors on the team, the incumbent is expected to provide oversight and guidance to the junior members of team, contribute to the development of team strategy, focus on mitigating operational risks and lead process improvement initiatives.
KEY RESPONSIBILITIES AND DUTIES:
Manage a team of Portfolio Accountants (PAs)
Develop communicationplan with other AVPs to provide a unified approach across all teams
Ensure quality ofaccounting data through the reconciliation process with the custodian banks
Ensure start of dayprocesses have executed smoothly and completely – all necessaryfiles received and processed (internal and external)
Monitor the reconciliationsystem to ensure all accounts are included in processing
Conduct end of dayreview to confirm that PAs have completed their work as expected andnotified/escalated issues as per procedures
Execute day-to-dayrecons as needed to support the team
Identify and execute onopportunities for process improvement, develop standard processes andprocedures and improve internal controls
Assist in developingstandard operating procedures used to train PAs
Evaluate theeffectiveness of existing internal controls; develop and implement bestpractices
Ensure strongcommunication across Nuveen stakeholders and external custodian banks andvendors
Develop strong workingrelationship with peers and key players within InvestmentOperations; i.e. work closely with upstream and downstream teams tobuild trust and influence without direct authority Projects and externalrelationship management
Contribute to futurestate definition, use cases, requirements, user acceptance testing on upgradesand new system implementations
Take the lead on specialprojects (e.g., fund mergers and account terminations)
Manage applicationvendor and third party relationships
Monitor multipleapplications’ performance and functionality, and escalate issues with thevendors as needed Prepare and deliver timely and accurate reporting
Handle recurring specialmonth-end reporting requests
Assess and monitorexisting and future reporting requests to ensure responsibilities reside withinthe correct operational teams
Apply best practice for accurateinternal data distribution (e.g., preliminary vs. final notification asnecessary, working closely with consumers of data to educate them about theaccounting process, etc.)
Team operational metricsfor executive management reporting
Solid understanding of various asset classes
Demonstrated ability to analyze problems and to followthrough to resolution
Process design and improvement
Proven record of taking ownership and working wellwithout supervision
Sound judgement in prioritizing own workload and thework of others
Time management skills to succeed in an intenseenvironment and under tight deadlines are critical
Teamwork, collaboration and conflict resolution
Ability to succeed in a multi-location environment, tocollaborate and oversee staff virtually, to build virtual teams
Understanding of operational and business risks
Ability to communicate with senior level stakeholders
10 years Investment management industry experience.
Bachelor’s Degree with concentration in finance or accounting.
5 or more years in supervisory or oversight role
3 or more years of experience with Excel
Experience with Electra Reconciliation.
Advanced degree or relevant certification a plus
Knowledge of common industry applications (Eagle STAR, PORTIA, Bloomberg , etc.) is desired
Effective mediation skills to facilitate a constructive approach to dealing with conflict. Ability to address difficult issues and guide others toward the accomplishment of identified, meaningful goals
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We are an Equal Opportunity/Affirmative Action Employer. We will consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.
- Requisition ID: 1721120
Field: Business Management & Operations
Post Date: 2 days ago
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