Summary:

The High Net Worth Portfolio Services Team within client’s operations is responsible for the research and resolution of discrepancies identified during the reconciliation of internal accounting records and external parties. This role supports a rapidly evolving business working closely with internal and external parties to resolve all issues in a timely manner. This individual should be able to work in a fast-paced environment and work well under pressure. The ideal candidate for this role is expected to have thorough knowledge and experience with Cost Basis Legislation and cost basis reconciliation and an understanding of portfolio accounting for different investment products, trade life cycle management, and corporate actions.

Responsibilities:

• Daily reconciliation to the records of our clients’ custodians
• Cost basis reconciliation comparing portfolio accounting to the custodian records for open and closed tax lots
• Working closely with other areas of operations to resolve breaks, including Trade Support, Corporate Actions, Pricing, and Security Setup teams
• Communicate with outside custodians as needed
• Cost basis reconciliation project work
• Enhance existing processes and procedure to more efficiently address backlog of equity and mutual fund open and closed lot breaks
• Stand up new processes and procedures to start daily reconciliation of fixed income and options breaks
• Stand up new open and closed lot reconciliation for major outside custodian vs. in house accounting
• Stand up cost basis recon oversight model for new tax managed strategy using a 3rd party accounting platform
• Plus various ad hoc projects as needed
  
  

Requirements:

• 2-4 years experience with middle office, reconciliation, asset manager or prime broker required
• Prior Cost Basis Reconciliation experience required
• In depth knowledge of Cost Basis Legislation required
• General product knowledge (Equities, FX, Fixed Income, Options, Bank Debt, Mutual Funds, etc.)
• Excellent time management and organizational skills required with the ability to prioritize and multitask effectively
• Must be detail-oriented with exceptional analytical and research skills
• Basic understanding and working knowledge of the operational aspects of fixed income products, cash, equities, and their related standard settlement mechanisms
• Must be proficient in Excel using pivot tables, vlookups, macros, and If/Then statements
• Excellent verbal and written communication skills
• Working knowledge of SunGard Addvantage or other Trust Accounting platform, Broadridge Proactive or other Reconciliation platform highly valued