Reconciliation Specialist, Cash & Reconciliations
02 April 2018
Web Ref : 369
Overview: As part of the newly formed Cash & Reconciliations team the Reconciliation Specialist will perform daily bank and unit-holding/scrip reconciliations and ensure all cash and stock differences are identified and resolved timeously. Duties and Responsibilities: • Perform daily bank account reconciliations (Electra – Bank vs. Eagle) and ensure breaks do not exceed the 3-day tolerance • Check Daily Overdraft balances and inform Investment Manager/ Internal Trade Management of any possible overdrafts and ensure there is sufficient cover • Perform daily unit-holding (scrip / stock) reconciliations and ensure breaks do not exceed the 3-day tolerance • Ensure all cash and stock differences are identified and resolved timeously. Escalate long outstanding items to management • Ensure there is no impact to NAV as a result of differences and alert relevant managers if any items are material and may impact the funds trading ability or fund valuation • Handling queries efficiently to ensure resolution of both internal and external client queries • Ensure appropriate controls are in place to mitigate risk • Supporting the management and co-ordination of team deliverables relating to projects and new client take-ons Qualifications: • Relevant Tertiary Qualification(s) preferred (but not essential) Experience: • Relevant experience of at least 2-4 years in a similar Reconciliations role gained in Fund Administration/related environment Key Competencies: • Highly methodical and can working within specific processes and structure • Highly methodical • Positive team player • Accuracy and attention to detail • Ability to work under pressure • Honesty and integrity • Analytical thinker with good problem-solving skills
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