NQ Reconciliation Specialist

Overview

This role supports Non-Qualified Plan Asset and Liability Management by ensuring financial data integrity for client cases, recommending appropriate financial adjustments to Trust accounts and/or plan liabilities, and processing participant payments out of the plan trust.

You will work closely with internal teams and external resources in a fast-paced environment with tight deadlines.

Responsibilities

• Coordinate with trust/trading platform 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 the different security types.
• Compare system output from multiple systems, reconcile results, recommend trades, and communicate the status of assets and records.
• Identify and research discrepancies, then take appropriate action to resolve issues.
• Identify, analyze, and support improvements to daily administrative processes and procedures.
• Assist in the development of additional financial controls and preventative measures.
• Manage outgoing payments and tax documentation for plan participants.
• Support the Trust setup process 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, team members, and other areas of the organization.
• Ensure final work products are high quality, delivered in a timely manner, and adhere to internal guidelines, plan descriptions, and sample calculations.
• Learn continuously through everyday work activities and events.
• Collaborate with colleagues and openly share knowledge.
• Maintain regular, reliable, and punctual attendance.

Requirements

• 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

Compensation & Benefits

Not specified.

Location

Newport.

Travel

Up to 5%.