is this a back office job?
hey guys, im currently in a job search and i came across some postings that i wanted to clarifyon. I found the following job description and can someone please explain whether its a "back office" job or not?
Job Functions, Unique Duties & Responsibilities:
Manages and tracks large volumes of transactions from deal notices
Actively researches discrepancies with various agents and clients
Liaisons with counterparts to ensure accuracy of transaction flow
Actively monitors data discrepancies and initiates resolution within scope of authority, as needed
Assists in weekly reconciliation and data integrity reporting
Prepares and analyzes hypothetical transactions according to deal requirements
Monitors deal transactions to ensure all cash, trades, and other deal activity are updated and recorded properly
I'm an undergrad about to graduate(very non target) and would this be a good fit for someone who wants to break in to AM one day.
I could be wrong but sounds like a middle office role to me. Not sure on the AM side though
Any position title or department listed? I can't imagine this is the only information provided.
the job title is "Data Analyst" and there is also a part time position where you work 4:30 - 8:00PM.
And the firm mainly deals with fixed income asset adminstration
bump
Yes, its back office. No, it will not help you break into AM. Keep looking, you still have time to land something before you graduate. Try boutique AM shops, I've had pretty good success with those.
The job you described is trade reconciliation. That is squarely back office.
would you guys recommend taking up the part time position?
i know it sounds desperate but im a PWM intern right now and im finding it really hard to find a proper analyst/associate job
If you have to ask, it's usually back office.
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