NQ Reconciliation Specialist

Overview

This role supports Non-Qualified Plan Asset and Liability Management by ensuring the integrity of financial data and recommending appropriate financial adjustments to Trust accounts and/or plan liabilities. The position also processes participant payments out of the plan trust, working closely with internal and external resources.

Responsibilities

• Work with trust/trading platforms and internal resources to ensure plan assets are hedged to plan liabilities.
• Perform quality assurance reviews, including daily cash and unit reconciliation.
• Reconcile cash positions with incoming deposits and pending trades.
• Understand general trading functions and different security types.
• Compare system outputs from multiple systems, reconcile records, recommend trades, and communicate status of assets and records.
• Identify, research, and resolve discrepancies through appropriate action.
• Identify, analyze, and assist in executing improvements for daily administrative processes and procedures.
• Assist in developing additional financial controls and preventative measures.
• Manage outgoing payments and tax documentation for plan participants.
• Assist with Trust setup to ensure required paperwork is complete and accurate.
• Analyze data, reconcile participant records and trust accounts, and resolve asset and data transfer issues.
• Interact effectively with vendors, the team, and other areas of the organization.
• Work in a fast-paced environment under tight deadlines while maintaining high-quality, timely deliverables.
• Ensure final work products follow internal guidelines, plan descriptions, and sample calculations.
• Continuously learn through everyday activities and events.
• Collaborate with colleagues and openly share knowledge.
• Maintain regular, reliable, and punctual attendance.

Required Qualifications

• Two years’ experience in the financial services industry with knowledge and experience in trust setup, reconciliation, and asset transfer.
• Working knowledge of MS Excel and Word.

Preferred Qualifications

• Bachelor’s degree (B.A.) from a four-year college or university.

Competencies

• Customer oriented
• Detail oriented
• Verbal and written communication skills
• Independent
• Personable
• Planning and organizing
• Resourceful
• Team player
• Thoroughness
• Time management
• Accuracy
• Self-starter

Travel

• Up to 5%

Location

• Newport

Additional Information

Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. Duties may change at any time with or without notice.