Investment Operations Analyst I

Title: Investment Operations Analyst I

State Role Title: Investment Operations Analyst I

Hiring Range: $70000 - $80000 (salary is commensurate with experience)

Pay Band: UG

Agency: Commonwealth Savers Plan

Location:ARBORETUM NORTH CHESTERFIELD

Agency Website:

Recruitment Type: General Public - G

Commonwealth Savers formerly Virginia529 is an independent state agency that offers savings and investment programs to meet future financial goals while providing meaningful work to our diverse and collaborative team. Our name change to Commonwealth Savers reflects our expanded mission to empower individuals on their entire financial journey through education disability and retirement savings programs. Commonwealth Savers manages the largest 529 and independent ABLE plans in the nation helping people save for higher education and disability related expenses and now manages the states private retirement program RetirePathVA bringing retirement savings to those who do not have employer-provided options. If you want to make a difference with us visit our Careers page to learn more about our culture values and rewarding career opportunities.

We are hiring an Investment Operations Analyst I to support the investment operations team by handling key operational and accounting functions including processing routine instructions verifying transactions reviewing invoices managing capital call transactions and maintaining accurate investment data.

In this position you will:

Support the new account setup process by completing subscription agreements for private placements and initiating new accounts with custodians across all asset types
Review quarterly statements and monthly reports for accuracy ensuring the integrity of data shared with third parties
Coordinate the redemption of program administrative fees review daily settlements monitor and rebalance portfolios monitor and invest cash and assist with the preparation of investment performance reports
Summarize data for portfolio expenses and report data and trends in response to internal and external requests
Assist with the preparation of quarterly proxy voting reports management fee calculations and rate of return analysis
Prepare for and participate in Investment Advisory Committee meetings and assist with post-meeting action items


Successful candidates will have:

Three years of relevant work experience in financial services investment operations accounting or related field; equivalent combination of education and experience may be considered
Demonstrated knowledge of Generally Accepted Accounting Principles (GAAP) investments financial reporting and general business processes required
Demonstrated knowledge of investment accounting and operations and investment back-office
Ability to read analyze and accurately interpret accounting records complex financial statements budget and forecasting detail policies and procedures and investment statements
Ability to work with and manipulate complex data and to draw valid conclusions from that data
Demonstrated critical thinking decision making and analytical ability with a strong attention to detail and ability to complete tasks accurately and thoroughly
Demonstrated proficiency with financial systems and using Microsoft Office software
Ability to communicate clearly concisely and persuasively orally and in writing


Work Environment:

The position requires working on-site two to three days per week as part of a hybrid schedule to maintain collaboration communication and engagement with colleagues
Typical office environment with considerable time in a sitting stationary position
Constantly operate a computer and other office equipment including typing and keying
Frequently communicate with team members and third-party business partners; must be able to exchange accurate information accordingly


Benefits:

Generous healthcare benefits with multiple plans to choose from
Defined benefit and contribution retirement plans with cash match
12 holidays
PTO new employees earn 25 days/full year
Tuition reimbursement
Agency-paid continuing education
529 match program
Relaxed work environment

Special Instructions:

You will be provided a confirmation of receipt when your application and/or résumé is submitted successfully. Please refer to Your Application in your account to check the status of your application for this position.

It is the practice of Commonwealth Savers to conduct in-depth background checks on all candidates identified as a finalist for employment consideration. The type of background checks performed are dependent upon the type of position for which you have been identified as a finalist and may include: reference checks criminal history including sexual offender registry checks and degree validation. The results of background checks are made available to Commonwealth Savers employing officials. You will be requested to sign a reference release form so your past schools and/or employers may be contacted concerning your academic or employment history.

Contact Information:

Name: Alicia Diggs

Email:

In support of the Commonwealths commitment to inclusion we are encouraging individuals with disabilities to apply through the Commonwealth Alternative Hiring Process. To be considered for this opportunity applicants will need to provide their AHP Letter (formerly COD) provided by the Department for Aging & Rehabilitative Services (DARS) or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans are encouraged to answer Veteran status questions and submit their disability documentation if applicable to DARS/DBVI to get their AHP Letter. Requesting an AHP Letter can be found at AHP Letter or by calling DARS at .

Note: Applicants who received a Certificate of Disability from DARS or DBVI dated between April 1 2022- February 29 2024 can still use that COD as applicable documentation for the Alternative Hiring Process.