Fund Accounting Intern
Fund Accounting Intern
Operations Division
“As one of the nation's largest institutional investors, SWIB offers an opportunity to gain insight into investment management, explore new career avenues, and acquire lifelong skills.”
Victoria Tucker, SWIB Recruiting Director
OUR AGENCY
Make a Difference
SWIB is a trusted and skilled global investment organization managing the assets of the Wisconsin Retirement System (WRS) and other separately managed funds. With about $128 billion in total assets under management, SWIB has been recognized by the investment industry for its teamwork and innovation that helps make it a premier asset manager. Sophisticated investment management strategies, forward-looking technologies, and strong internal asset management make SWIB a leading investment organization.
For public employees in Wisconsin, SWIB is a unique and valuable partner. Investing for the financial security of about 652,000 individuals – and for the 1,500 Wisconsin employers who contribute on behalf of their employees – SWIB’s strong management of the WRS has helped fuel one of only a few fully funded public pension funds in the country. SWIB’s long-term investment returns meet the challenges of a constantly evolving investment landscape while helping grow and protect the assets of the WRS, the 9th largest public pension fund in the U.S. and 25th largest public or private pension fund in the world.
We are a mission driven organization and the participants we serve are our mission. By bringing a disciplined, prudent, and innovative approach to market opportunities, SWIB has been successful in generating reasonable returns and maintaining the trust of the beneficiaries and stakeholders of the funds we oversee.
Real World Experience
This is your opportunity to gain professional experience working for one of the nation’s top public pension fund investment organizations. We are looking for a dynamic, energetic intern who is eager to be a part of our dedicated team. SWIB’s intern program offers an opportunity for you to put your skills to use while at the same time to learn new skills in a professional environment. Our internship program is designed to provide meaningful work through hands-on, authentic, professional experiences.
About the Team
The Fund Accounting department will be adding an individual to their team which is responsible for the management of over $130 billion in assets under management. The fund accounting intern will assist the team in various capacities including but not limited to: oversight of the custodian and fund administrative agent by monitoring and following up on key reconciliations, SOC1 reviews and cash controls. This individual will also be introduced to tax matters related to tax withholding reclaims and tax agent oversight as well as valuation work with instrument leveling (ASC820) for financial statement purposes. The candidate will be exposed to a variety of asset types including traditional equities and fixed income securities as well as non-traditional investments. This individual will work s with other areas in operations as well as the custodian and fund accounting staff at the bank to support the accuracy and timeliness of custodian and fund accounting data.
SWIB is seeking an operations intern to work in the Investment Support Services Division on the Fund Accounting team. The intern will work 10-15 hours per week during the school year, if the selected candidate is local, and up to 40 hours per week over the summer, with the possibility of further work of 10-15 hours per week during the fall 2021 semester.
Essential activities:
- Assist in the oversight, operational and fund accounting responsibilities working with the custodian bank as well as other internal departments.
- Support investment operations manage risk with an eye on efficiencies and enhancements.
- Evaluate workflows, procedures and internal controls on a continuous basis.
- Job shadow the Fund Accounting team within ISS.
- As assigned, assist Director of Accounting and his team with data entry and analysis and other special needs/projects, as needed.
The Ideal candidate:
- Undergraduate student pursuing a degree in accounting or finance.
- Excellent computer and application skills including MS PowerPoint, Excel, and Word.
- Strong organizational skills.
- Strong attention to detail.
- Ability to work within stated deadlines.
- Excellent verbal and written communication skills.
- An ability to be adaptive and thrive in a fast-paced, changing environment.
- Superb work ethic, team orientation, and commitment to excellence.
- Ability and desire to work as part of a team.
- Ability to present ideas clearly and articulately.
Join HIGHER PERFORMERS
Home to Top Talent
SWIB’s professionals shape sophisticated investment management strategies, by driving progressive technologies, and by delivering strong internal asset management results. SWIB’s internal team invests over 50% percent of its assets under management in house. As a result, Institutional Investor recognizes SWIB as “home to top talent in American public investing.”
“The organization has earned a reputation for investment excellence in part by running much of its portfolio successfully in-house versus outsourcing to Wall Street” – Institutional Investor.