Equity Operations Associate (Midtown)

Equity Operations Associate (Midtown)

Equity Ops Associate
Department: Client Accounting -- Equity Account Management
Job Summary:
Process the daily accounting function for both institutional and retail equity accounts as well as monthly cash and asset reconciliations. The account load consists of Mutual Funds and Global or Domestic Equity. It is expected that the Associate will proactively participate in the enhancement of workflows and processes to support greater efficiency.
Essential Functions:
Ensure the integrity of all portfolio accounting data
Demonstrative knowledge in Equity and derivative securities and their relevant transaction postings on the asset manager's books.
Reconcile daily cash balances resolve failing trades
o Communicate with brokers and custodians
o Understand tri-party relationship between our firm and custodian/prime broker
o Understand prime broker relationship
o Working knowledge of different securities (domestic int'l equity, short term investments, shorts, swaps options)
Understand trade settlement process for all securities
o Understand corporate actions, dividends, reclaims, accruals, FX's
o Process daily auto asset reconciliation for mutual funds
Reconcile monthly cash and position data
o Understand monthly reconciliation standards
o Research and resolve reconciliation exceptions
o Utilize Microsoft Excel
o independently researches discrepancies
o Prepare retail POI reports
Communicate cash flow activity to Cash Management team
o Overdraft monitoring and resolution
Understand and process and short term investments
o Maintain balances rates of short-term funds
Liaison for Portfolio Managers, brokers, and custodians for all accounting issues
Job Requirements and Qualifications:
Bachelor's Degree preferably in Economics, Finance or Accounting
Proficient in MS Excel, with an ability to learn new systems
2-5 years of relevant experience
Highly organized and detail-oriented
Ability to multi-task and prioritize
Strong quantitative/analytical skills
Strong written communication skills; ability to communicate internally (upper management, Portfolio Manager's or compliance) or external (custodians brokers)
Find Us on Facebook!!

Beacon Hill Staffing Group is an EEO Employer.

Company Profile:

Founded by industry leaders to set a new standard in search, career placement and flexible staffing, we deliver coordinated staffing solutions with unparalleled service, a commitment to project completion and success and a passion for innovation, creativity and continuous improvement.

Our niche brands provide direct hire, executive search, temporary staffing, contract consulting and temp/contract-to-hire solutions to emerging growth companies and the Fortune 500 across market sectors, career specialties/disciplines and industries. Over time, office locations, specialty practice areas and service offerings will be added to address ever changing constituent needs.

Learn more about Beacon Hill Staffing G roup and our specialty divisions, Beacon Hill Financial, Beacon Hill Associates, Beacon Hill HR, Beacon Hill Legal, and Beacon Hill Technologies by visiting www.beaconhillstaffing.com.

We look forward to working with you.

Please Click Here to apply

• Compensation: 60k plus bonus
• Principals only. Recruiters, please don't contact this job poster.
• Please, no phone calls about this job!
• Please do not contact job poster about other services, products or commercial interests.