Portfolio Accounting Associate - USW

About AQR Capital Management

Do you have the following skills, experience and drive to succeed in this role Find out below.

AQR is a global investment management firm founded in 1998, specializing in both alternative and traditional strategies. We focus on delivering long-term results through a systematic, research-driven approach that combines financial theory with practical application. Our commitment to technology underpins our insights and research, enabling us to filter market noise and identify key factors for investment success.

Our clients include institutional investors such as pension funds, insurance companies, endowments, foundations, and sovereign wealth funds, as well as financial advisors.

The Team

The Operations team supports trading, investment, client, and reporting activities. Responsibilities include establishing scalable workflows, ensuring operational control, and providing high-quality client service. The team also engages in firm-wide projects, operational due diligence, and client management.

Your Role

• Review monthly NAV calculations, reconciliations, P&L, fund allocations, fees, and investor statements.
  
• Perform daily reconciliation of cash, positions, market values, and trade breaks.
  
• Monitor cash flows, margin movements, and oversee inquiry resolution.
  
• Design and implement automation to improve efficiency and scalability.
  
• Ensure timely completion of daily cash and position tasks.
  
• Participate in projects to enhance processes and reduce risks.
  
• Contribute to system and process development for ongoing efficiency and quality improvements.
  
• Oversee relationships with administrators, custodians, and brokers.
  
• Demonstrate advanced understanding of financial instruments such as swaps, futures, repos, and equities.
  
• Collaborate with technology teams to develop automation and scale solutions.
  
• Work with Compliance, Legal, Tax, and Business Development teams to solve complex problems and develop client solutions.
  

What You'll Bring

• Undergraduate Degree.
  
• 3+ years of experience in a Portfolio Accounting role within a bank, admin, or investment manager.
  
• Experience in Operations, preferably in a Hedge Fund environment.
  
• Knowledge of Equity and Derivative asset classes (OTC, FX, etc.).
  
• Strong analytical and communication skills.
  
• Highly organized, able to multitask, and eager to learn.
  
• High attention to detail and prioritization skills.
  
• Proficiency in Excel and SQL.
  
• Focus on process improvement and automation.
  
• Comfortable working in a fast-paced, team-oriented environment.
  

AQR is an Equal Opportunity Employer. EEO/VET/DISABILITY.

The salary range for this role is $90,000 to $110,000, commensurate with skills and experience. The role is eligible for an annual discretionary bonus and benefits including paid time off, medical/dental/vision insurance, and 401(k).

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