Sr Investment Operations Analyst (Corp)

Job Summary

The Senior Investment Operations Analyst is responsible for processing transactions and overseeing accounting and reporting for the UPS Defined Benefit Plans (i.e., retirement, pension, etc.). He/She ensures the Plans are in compliance with accounting and regulatory standards (i.e., Employee Retirement Income Security Act, Generally Accepted Accounting Principles, Sarbanes Oxley, Security Exchange Commission, etc.) and UPS's policies and procedures. He/She will assist with the overall operational management of the plans including, preparation of direction letters, cash management and forecasting, investment due diligence, transaction processing, expense reporting, risk mitigation strategies, and investment plan performance reporting. This position reports directly to the Director of Compliance and Operations.

Other Duties

Prepares and Executes Investment Direction Letters

• Prepares direction letters (i.e., authorization to execute investment strategies) to ensure investment manager activities are documented and in accordance with Portfolio Manager mandates.
• Ensures proper accounts are identified and funded to allow for accurate execution of direction letters.
• Coordinates new accounts with the custodian bank to ensure proper classification and reporting of assets.
• Manages asset reallocation processes to ensure assets are transferred accurately and timely between accounts.

Liquidity Management

• Analyzes retirement and benefit plan balances to ensure sufficient funds exist to cover obligations.
• Manages the cash account balance and prepares forecasts based on expected transactions.
• Prepares a monthly cash flow statement detailing transactions at the asset class and portfolio level.
• Generates models to analyze and report the liquidity profile of assets under management.

Transaction Processing

• Manages the processing of investment management fees and wires to ensure accuracy and timeliness of payments.
• Reviews journal entries recorded to the general ledger to ensure accurate coding and financial reporting
• Performs reconciliations between custodian asset values and reported investment manager performance.
• Identifies and validates foreign currency exposure for hedging purposes.
• Analyzes foreign exchange transactions to ensure efficient execution

Reporting

• Reviews asset leveling to ensure classifications are in accordance with Fair Value reporting requirements.
• Prepares monthly reports (i.e., Group Trust plan performance) for distribution to the Investments Group.
• Analyzes and reports Group Trust expenses on a quarterly basis.
• Coordinates scheduling and prepares quarterly Plan Trustee reports based on asset performance and investment strategies.
• Generates ad hoc reporting based on Investment Group objectives.

Due Diligence

• Coordinates due diligence activities across the various asset classes (i.e., Hedge funds, Public Equities, Private Markets, etc.)
• Documents operational due diligence and analyzes risks associated with new investments.
• Develops methods and techniques to continuously monitor investments and identify changing risk factors.

Facilitates Audits Performed by Internal and External Auditors

• Facilitates internal audit testing to ensure controls are operating efficiently and effectively as designed.
• Provides supporting documents (i.e., audit confirmations, asset values, etc.) requested by internal and external auditors.
• Coordinates with external investment managers, the custodian bank, and UPS Portfolio Managers to ensure audit evidence is provided and testing is completed timely.

Manages and Develops Others

• Manages resources and people processes (i.e., Quality Performance Reviews, Career Development, Training, etc.) to ensure timely administration of processes and formal procedures.
• Identifies individual and team skill gaps and development opportunities.
• Conducts frequent performance evaluations in a consistent, fair, and objective manner to
  facilitate open communication and encourage continuous performance improvement.
• Holds others accountable to established performance levels in order to achieve individual and group objectives.
• Resolves individual and group performance issues in accordance with UPS policies.

Minimum Qualifiers

• Bachelor's Degree- Required (Accounting or Finance - Preferred)
• Certified Public Accountant-Preferred
• Certified Internal Auditor-Preferred
• Certified Managerial Accountant-Preferred