Careers


Equal Employment Opportunity
PanAgora is an equal opportunity employer and provides equal employment opportunities to job applicants and employees without regard to race, religion, sex, marital status, color, national origin, age, physical or mental disability, veteran status, pregnancy, ancestry or sexual orientation. PanAgora is committed to maintaining an environment that is free from discrimination as well as adhering to applicable federal and state laws. PanAgora believes everyone deserves an opportunity to contribute to and benefit from its business activity, and to utilize his or her skills and experience.

Supervisor, Corporate Actions

Date Posted: November 2nd, 2017

General Job Description:    

Oversee team responsible for corporate actions, pricing, and security reference activity for all portfolios, serving as internal expert in all related topics.  Primary responsibility is researching and processing mandatory and voluntary corporate actions.  The individual will work closely with the portfolio management team to support their analysis and election decisions, and ensure elections are processed correctly and timely.  The individual will also work closely with custodians, administrators and brokers to approve and reconcile all corporate action activity.

Additional responsibilities include review of daily pricing applications to ensure all securities are accurately valued and review of security reference data changes.  The individual will also be involved with a variety of tasks to support operations, investments, compliance, performance, client service, and IT.

Core Job Responsibilities:

  • Research and Processing – Research all complex corporate action events, confirming restrictions and conditions. Review market impact to portfolios, escalate findings to portfolio managers and ensure daily accounting processing is accurate.  Strong accounting skills and knowledge of local market fundamentals is essential
  • Reconciliation – Confirm portfolio positions, instruct custodians with appropriate investment decisions and assist operations with reconciling position and cash discrepancies. Daily communication with custodians, brokers and middle office support is required
  • Projects – Assist in the implementation of projects to improve the daily workflow of the team. Identify and contribute to enhancements and automated solutions. This will include defining projects, documenting requirements and testing
  • Accounting/Taxation – Approve all corporate action processing instructions across a variety of event types. This includes adherence to associated cost, tax and fund domicile.  Knowledge of US Tax Code imperative in this role (e.g. Section 302 tax)
  • Pricing – Daily and monthly review of pricing to ensure accurate valuation while assisting the investment/performance teams with monitoring of impactful fluctuations. Serve as member of the PanAgora Fair Value Committee
  • Security Data Integrity – Review of security data applications. Particular focus on quality assurance practices

Qualifications:

  • Bachelor’s degree – Concentration in finance/accounting a plus
  • 7+ years corporate actions experience with investment manager
  • Experience with corporate actions: domestic, global, voluntary, and mandatory events
  • Knowledge of market sources (Bloomberg, FT Interactive, DTC, Russell, S&P)
  • Knowledge of BBH InfoAction a plus
  • Prior experience with various accounting platforms
  • Prior pricing and security data experience
  • Proven project management track record
  • Detail-oriented / strong organizational skills
  • Expertise of various financial instruments and knowledge of international markets
  • Graduate degree preferred

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Supervisor, Derivatives

Date Posted: October 18th, 2017

General Job Description:    

Oversee team responsible for all derivative related investment operations serving as internal expert in all related topics.  Work closely with counterparties, custodians and administrators on daily workflow and new account on-boarding.  Serve as an effective team contributor responsible for the timely and accurate processing of all derivative transactions including total return swaps, interest rate swaps, credit default swaps, and options.  The individual will ensure that transaction data is accurately reflected in accounting system, data warehouse, trading platform, and derivative management system.

In addition, the individual will be involved with a variety of tasks to support operations, investments, compliance, performance, client service, and IT.  The position will have a significant role expanding strategic workflow and technology to streamline derivatives processing.  Will also assist the Manager with day to day operations and collaborate on staff development.

Core Job Responsibilities:

  • Derivative security set-up and maintenance
  • Affirm and settle all derivative trade activity with counterparties
  • Daily monitoring of pricing to ensure accurate valuation
  • Manage and instruct various parties of resets and daily margin movements
  • Monitor all corporate action activity for open derivative contracts and determine impact
  • Ensure daily accounting processing is accurate
  • Assist operations with reconciling position and cash discrepancies
  • Particular focus on creating improved workflow through systems enhancements

Qualifications:

  • Bachelor’s degree – Concentration in finance/accounting preferred, graduate degree preferred
  • 7+ year experience
  • Previous experience with derivatives and corporate actions
  • Strong understanding of derivative valuation methodologies
  • Prior experience with collateral management
  • Experience with accounting platforms
  • Prior pricing/fair valuation experience
  • Strong knowledge of Microsoft Office

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Intern, Equity Team

Date Posted: April 11th, 2017

Job Description

We are constantly looking for smart and aspiring students to intern within our investment team.   Many of our analysts and portfolio managers started with us as interns.  We are flexible on time and duration.  As an intern, you will conduct special projects for the team in the management of active U.S., international, and absolute return portfolios.

Sample projects include the following:

  • Building proprietary databases which will be used to develop new quantitative tools and insights
  • Conduct research into novel quantitative factors for use in portfolio management decisions
  • Utilizing latest technologies in finance and stock selection

Qualifications

  • Coursework in finance, mathematics, economics, computer science
  • Must have strong mathematical, analytical and/or programming skills
  • Familiarity with accounting, financial statement analysis, fundamental research, and equity security valuation a plus
  • Knowledge of niche stock markets or exchanges a plus
  • Creativity and able to generate new ideas very desirable
  • Strong interests in the global capital markets

Company Overview

Founded in 1989, PanAgora (Greek for across marketplace) Asset Management is a premier provider of investment solutions spanning most major asset classes and risk ranges.  We seek to provide investment solutions using sophisticated quantitative techniques that incorporate fundamental insights and vast amounts of market information.  While PanAgora’s investment strategies are highly systematic in nature, the processes deployed within these strategies are built and overseen by talented professionals with significant and diverse investment experience.  Innovative research plays a central role in our investment philosophy and process, and is an essential component of our firm’s ability to deliver attractive investment solutions.  Investment teams are organized into an Equity Strategies group and a Multi Asset Strategies group.   Most investment team members are engaged in original research using fundamental intuition, market intelligence, modern finance and scientific methods.

We are committed to providing clients with reliable investment processes, consistent performance, transparency, and access to our investment resources. Our client base is comprised of institutional investors across the globe, including public & private retirement funds, sovereign wealth funds, endowments & foundations, and sub-advisory mandates.

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