Washington DC Area (Relocation Offered)

Washington DC Area (Relocation Offered)

Summary:
The Reconciliation Administrator must assure accurate client transaction records and provide settlement support. The primary relationship responsibility is Schwab. The Reconciliation Administrator is responsible for all activity, to include trade settlement through reconciliation for Schwab book of business. Other custodians will also be assigned for reconciliation.

Responsibilities:
Reconcile client account transactions on Advent Software's Axys (portfolio management system) with client custodian's (bank or brokerage firm) transactions using interfaces, web sites, and/or statements on a timely and ongoing basis.
Reconcile Advent Software's Axys (portfolio management system) with client custodian (bank or brokerage firm) holdings (market value comparison) on a monthly basis.
Process client cash and/or security withdrawal and/or contribution requests and coordinate with portfolio managers to assure appropriate investment action is taken.
Assure our receipt of monthly client statements, prepare for filing, and file.
Communicate within reconciliation department and operations as a whole to assure a successful team effort.
Cross train on ACD interfaces of other administrators.
Review processes with assigned custodians to be certain best procedures are in place.
Trade settlement for Schwab accounts.
Reconcile daily trades processed in LVTS (trade order management system) and posted to client accounts in Axys (portfolio management system) with Depository Trust Company (DTC) trade confirmations using Axys's settlement reconciliation system to assure trade information accuracy.
Troubleshoot trade errors and resolve settlement issues.
The Reconciliation Administrator must work with the Trade Settlement Specialist, Traders, and other Account and Reconciliation Administrators as a team to settle trades and maintain accurate records.

Qualifications:
3 - 4 years of experience in Banking or Financial Services Industry.
Knowledge of Advent software: Axys, APX, Settlement Reconciliation, Dataport and Rex.
Superior attention to detail and accuracy.
Ability to stay interested and engaged in a repetitive environment.

• Location: Relocation Offered
• Compensation: Based on experience
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• Please, no phone calls about this job!
• Please do not contact job poster about other services, products or commercial interests.