Posted in Other 8 days ago.
Location: Florham Park, New Jersey
Reconciliation of liabilities (records) to assets (Mutual Fund Positions): Performs daily share balance reconciliation between the records of the recordkeeping system to those of the trust. Researches and resolves all discrepancies arising from variances between the two holdings.
Investment Trading: Places, confirms, and instructs for settlement the investment trades per the direction the participants, beneficiaries, and plan sponsors. Researches trade discrepancies or unconfirmed trades. Report on daily trade activity to both internal and external parties. Work with various investment firms to initiate account opening and trading relationships.
Investment Pricing and Performance: Obtain pricing and performance information from investment firms and other contracted parties. Validate the accuracy of this data through various checks and balances. Apply this information to the recordkeeping and ancillary systems. Perform these functions by specified deadlines.
Cash Reconciliation and Money Movements: Perform daily cash reconciliations for the established demand deposit accounts (dda's). Instruct the trustees and custodians on money movements associated with these dda's. Research and resolve all discrepancies arising from variances in the reconciliation.
Dividend Analysis and Postings: Acquire and post all dividend transactions to the recordkeeping system by the established timeframes. Research and resolve all global dividend discrepancies.
Mutual Fund Administration: Ensure all investments on the ADP platform are set up correctly and properly maintained. Monitor and process fund actions that impact the investments which are held in client accounts. Support industry regulations and ongoing changes to those processes that impact our business.
Analysis/Problem Solving: Possesses and applies knowledge of the completion of moderately difficult to complex assignments.
Accounting Systems and Other Financial Control Applications: Possesses broad knowledge of many accounting systems, may recommend changes to currently used system to expedite problems. Develop, test, document, and implement these enhancements.
Special Studies/Projects: Conducts studies which lead to development and/or recommendation of accounting methods and procedures. Handles various accounting projects on an as needed basis; (example: tax returns and forecasting for budgetary purposes).