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Type of Role: InvestmentsOperations

Experience Level: Analyst/Associate

Location: Pittsburgh, PennsylvaniaRemote

Salary: $73K - $109K

U. S. Steel is a leading steel producer founded in 1901. Today, we’re a greener company with an infinitely recyclable product, the world’s only LEED-certified steel mill, and an ambitious plan to reduce emissions. We make products that make everyday life possible – automotive, construction, appliance, energy, container, and packaging industries all benefit from our innovation.

Senior Investment Operations Analyst

12313BR

Work location is flexible if approved by the company

United States Steel Corporation

Job Description

U. S. Steel is committed to fostering an inclusive workplace culture and celebrate the diversity of our employees.

The Senior Investment Operations Analyst is a pivotal member of the Investment team responsible for executing and overseeing various aspects of investment operations. This role encompasses a range of essential functions, including transaction processing, trade settlement, reconciliation, manager communication, document management, audit and compliance activities, investment reporting, and special projects.

Key Duties and Responsibilities:
1.    Daily Cash Flow Management:
⦁    Monitor, process, and reconcile daily cash flows.
⦁    Ensure adequate liquidity to meet daily financial obligations.

2.    Custodian Relationship Management:
⦁    Manage day-to-day interactions with the custodian.
⦁    Input trades into custody platform.
⦁    Manage all cash flows utilizing the custody platform (fees, trades, etc).
⦁    Coordinate global market openings and documentation.
⦁    Track daily compliance with investment manager guidelines.

3.    Reconciliation Expertise:
⦁    Perform reconciliations, including identifying, researching, and resolving discrepancies.
⦁    Update performance and market values within the portfolio management system.
⦁    Track quantitative and qualitative data for investments.

4.    Communication and Reporting:
⦁    Reconcile month-end performance data with custodian, investment managers, and investment consultants.
⦁    Manage inbound communications with custodian and investment managers.
⦁    Initiate related workflows and processes.
⦁    Track and communicate all fees paid from the trusts.

5.    Private Market Reporting:
⦁    Coordinate quarterly reporting of private market investments and valuations with 3rd party software providers.
⦁    Complete subscription documents for new private market investments.
⦁    Monitor and report on regulatory compliance specific to private market investments Ensure that investments align with regulatory requirements and report any potential compliance issues.
⦁    Manage form 5500 schedule C reporting process annually.
⦁    Create customized reporting templates for different types of private market investments. Tailor the templates to highlight key performance indicators relevant to each asset class.

6.    Tax, Audit, and Accounting:
⦁    Create customized reporting templates for different types of private market investments, such as venture capital, private equity, or real estate.
⦁    Tailor the templates to highlight key performance indicators relevant to each asset class.
⦁    Coordinate with tax team on payments due for state and federal taxes.
⦁    Lead and support trust audits and investment documentation requirements for year-end financials and 5500 reporting.
⦁    Complete documents required for tax reclaims.
⦁    Assist in completing filings with regulatory agencies.

7.    Investment Onboarding:
⦁    Lead Know Your Customer (KYC) and onboarding processes for new investments.
⦁    Setup new accounts with custodian.
⦁    Maintain document management system.
⦁    Coordinate ERISA and trust document reviews.

8.    Operational Efficiency:
⦁    Design and implement operational systems to streamline processes.
⦁    Facilitate communication with external Investment Managers and various internal stakeholders.

9.    Due Diligence and Compliance:
⦁    Conduct operational due diligence and compliance reviews of third parties, including vendors and investment managers.
⦁    Monitor compliance with the investment policy statements.
⦁    Assist senior team members with investment diligence in both public and private investments.

Values:
⦁    Proactive with a sense of urgency.
⦁    Intellectually curious, committed to lifelong learning.
⦁    Team-oriented, accountable, supportive, and conscientious.
⦁    Self-aware, confident, willing to take calculated risks.
⦁    Honest, direct, transparent, and guided by a strong sense of ethics and mission.

Abilities:
⦁    Logical decision-making incorporating analysis and judgment.
⦁    Creative and intuitive thinking.
⦁    Willingness to adapt to new information and change decisions quickly.
⦁    Driven to reach conclusions, decisions, and results.
⦁    Concise and impactful communication, both oral and written.

Required Skills:
⦁    3 to 5 years of total experience in investment operations.
⦁    Knowledge of investment accounting, transaction processes, valuation, and investment performance.
⦁    Minimum of 3 years of experience working with a large custody platform in an operations role.
⦁    Proficiency in utilizing eVestment, eFront, and other investment tools.
⦁    Advanced proficiency in Microsoft Excel.
⦁    Experience completing private market subscription documents.
⦁    Strong academic and career achievements are required, along with the highest standards of personal and professional ethics, integrity, and judgment.

The pay range is $72,536 – $108,805. This base salary range is a good faith estimate. Based on candidate skills/experience the final offer may be lower/higher.

Competency Summary

At U. S. Steel all employees are expected to display the following core competencies every day to advance corporate, team and individual goals:

Think: Think Critically and Drive Change
Lead: Develop Talent and Collaborate
Do: Empower Performance and Deliver Results

Company Overview

U. S. Steel is a leading steel producer founded in 1901. Today, we’re a greener company with an infinitely recyclable product, the world’s only LEED-certified steel mill, and an ambitious plan to reduce emissions. We make products that make everyday life possible – automotive, construction, appliance, energy, container, and packaging industries all benefit from our innovation.

We show pride in our communities with company-sponsored employee volunteer programs, corporate contributions, partnerships in support of education, scholarships for our next generation of leaders, and many other programs.

We are continually recognized for our commitment to our employees, most recently as a Most Loved Workplace (Newsweek 2021- 2022), a Best Place to Work for LGBTQ Equality (Human Rights Campaign Foundation 2020-2022), a Best Place to Work for Disability Inclusion (Disability Equality Index 2021-2022), and World’s Most Ethical Companies (2023). It’s easy to see why U. S. Steel employees take Pride in Our Past as we Build the Future, United by Steel.
Conducting business with integrity and with the highest ethical values has underpinned U. S. Steel’s success for over 100 years, and it remains critical to our company’s success in the future. U. S. Steel is an Equal Opportunity Employer. It is our policy to provide equal employment opportunity (EEO) according to job qualifications without discrimination on the basis of race, color, religion, ancestry, national origin, age, genetics, sexual orientation, sex, gender identity, disability status or status as a protected Veteran or any other legally protected group status. (California residents may visit www.ussteel.com/CANotice regarding collection of personal information and U. S. Steel’s privacy practices.)