Job Description
JOB TITLE: Trading Assistant, Middle Office
EMPLOYER:
A-CAP Management LLC
DEPARTMENT: Asset Management
LOCATION : Onsite in New York City, NY
ABOUT THE COMPANY The A-CAP () group consists of five life insurance/reinsurance companies/captives, an asset manager and various other non-insurance companies. The asset manager primarily invests in structured securities including CLOs, CMBS, ABS and collateralized lending, direct real estate lending, private credit, and equity for both internal and external clients. A-CAP’s management team and operational professionals have diverse experience and proven success across the insurance, reinsurance, and investment sectors with an average of 20 years of experience. Assets under management are approximately $10 billion and growing at over $500 million, annually. A-CAP’s offices are in New York, Salt Lake City, and Miami.
A-CAP Management “ACM” is the asset management arm of A-CAP. ACM formally launched in April 2014 as an SEC registered investment advisor. As of 12/31/21, ACM manages $4.9B of assets. ACM aims to provide a cost-effective way for small to mid-size insurance companies to rapidly gain exposure to less liquid and new asset classes that are generally outside the scope of traditional insurance company asset managers. Our overriding goal is to positively impact an insurance company’s financial position and support their long-term stability and growth through:
- Maintaining credit quality and matching asset liability profiles
- Strengthening the insurance company balance sheet
- Maintaining or improving return on capital
- Supporting long term stability and growth with acute sensitivity to insurance regulatory, accounting, and capital issues
- Spreading cost-of-team across other similarly situated insurance companies
ABOUT THE ROLE ACM has an immediate opening for an adaptable, diligent, and self-motivated individual to join the team as a Trading Assistant. The person filling this role will work directly with portfolio managers and the operations team to manage operational aspects of the existing book and to assist with expanding and improving operational systems and processes in the future. The successful candidate will demonstrate initiative, attention to detail, and a high level of analytical aptitude. Additionally, they must excel in a high- pressure environment, be able to work independently and be capable of managing a diverse set of activities within the operations function with limited direction.
WHAT YOU WILL DO: - Ensure accurate trade capture and settlement in our order management system (Charles River and our proprietary system)
- Execute and maintain up-to-date cash and position reconciliation with a high degree of accuracy and timeliness
- Create and maintain investment reports for various funds under management
- Compile and analyze metrics for trading, exception processing and other areas of the business to identify trends and potential control opportunities
- Monitor data quality in investment management and accounting systems
- Work with various teams on projects related to the growth of business, such as process enhancements and new business initiatives
- Work closely with the accounting team (internal and external) to ensure record accuracy and investigate discrepancies in timely manner
WHAT YOU WILL NEED: - Strong academic performance with 3+ years of experience in fixed income operations
- Experience analyzing credit agreements, bespoke transaction structures, term sheets and working with portfolio managers and risk/analytics professionals to determine the proper booking and monitoring approach
- Strong Excel skills and ability to manage large data sets in Excel and produce clean, repeatable reports on a standard cycle and as needed by the front office, risk/compliance, and management teams
- Excellent written and verbal communication skills
- Strong organizational skills with ability to work independently and multi-task in a complex and fast-paced environment
- A team player focused on contributing to the collective success of the group
- Excellent work ethics and professional habits
SALARY TRANSPARENCY NEW YORK: We know our people are our number one asset and we put a premium on hiring and retaining the best talent. For that reason, we reward our employees with a competitive compensation package.
Our salary ranges are determined by role, level, and location. For individuals hired to work in New York State, A-CAP is required by law to include a reasonable estimate of the compensation range for this role. This range is specific to the locations listed above and considers the wide range of factors considered in making compensation decisions, such as job-related skills, experience, and relevant education or training. A reasonable estimate of the current salary range is $80,000.00 -$125,000.00 USD annually.
BENEFITS:
A-CAP works hard to create a positive and supportive environment. That's why we offer great benefits to safeguard the health and well-being of our employees. Our comprehensive benefits package includes:
- Competitive salary/base pay
- Employer-sponsored medical, dental, and vision insurance
- Paid Life & AD&D Insurance (for employees and families)
- Paid Disability Insurance (STD + LTD)
- Paid Parental Leave
- Paid Vacation and Sick Leave
- Paid Holidays (13 scheduled in 2025)
- Voluntary Supplemental Insurance policies
- Safe Harbor 401(k) plan with employer match
- And other benefits and perks!
POSITION TYPE AND EXPECTED HOURS OF WORK
This is a full-time position. Days and hours of work are Monday through Friday, 9:00 a.m. to 6:00 p.m., 40 hours weekly, or as otherwise arranged with the manager of the department.
US work authorization is required.
Who We Are:
EEO Statement
A-CAP is an Equal Opportunity Employer and does not discriminate in recruiting, hiring, promotion or any other personnel action based on the basis of race, ethnicity, national origin, color, sex, gender, gender identity or expression, sexual orientation, religion, age, disability, veteran status, or any other basis covered by appropriate law. We comply with the laws and regulations set forth in the Know Your Rights poster. All employment is decided on the basis of qualifications, merit, and business need. To request an accommodation, contact hr@acap.com and we will make every effort to respond to your request within 48 business hours to work towards a positive solution.
Disclaimer:
The above is intended to describe the general content of and requirements for the performance of this job. It should not be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Job Tags
Full time, Work at office, Immediate start, Monday to Friday,