NQ Reconciliation Specialist, Newport

Overview

A financial services organization specializing in retirement plans, insurance, and consulting services is seeking a Reconciliation Specialist. This role supports Non-Qualified Plan Asset and Liability Management by ensuring the financial data integrity of client cases and recommending appropriate financial adjustments to trust accounts and plan liabilities. The position also involves processing participant payments from plan trusts.

Responsibilities

• Collaborate with trust/trading platforms and internal teams to ensure plan assets are properly hedged against plan liabilities.
• Perform quality assurance reviews, daily cash and unit reconciliations.
• Reconcile cash positions with incoming deposits and pending trades.
• Understand general trading functions and various security types.
• Compare system outputs from multiple systems, reconcile discrepancies, recommend trades, and communicate asset and record statuses.
• Identify and research discrepancies, taking appropriate actions to resolve them.
• Analyze and assist in improving daily administrative processes and procedures.
• Help develop additional financial controls and preventative measures.
• Manage outgoing payments and tax documentation for plan participants.
• Assist in trust setup processes ensuring paperwork completeness and accuracy.
• Analyze data, reconcile participant records and trust accounts, and resolve asset and data transfer issues.
• Interact effectively with vendors, team members, and other departments.
• Work efficiently in a fast-paced environment under tight deadlines.
• Ensure final work products meet quality standards, are timely, and comply with internal guidelines and plan descriptions.
• Engage in continuous learning and knowledge sharing with colleagues.
• Maintain regular, reliable, and punctual attendance.

Requirements

• Minimum of two years’ experience in the financial services industry with knowledge of trust setup, reconciliation, and asset transfer.
• Proficient in Microsoft Excel and Word.

Preferred Qualifications

• Bachelor’s degree from a four-year college or university.

Competencies

• Customer-oriented
• Detail-oriented
• Strong verbal and written communication skills
• Ability to work independently
• Personable and collaborative team player
• Effective planning and organizing skills
• Resourceful and thorough
• Excellent time management
• Accuracy and self-motivation

Travel

• Up to 5% travel required.

Additional Information

This job description is not exhaustive and may be subject to change at any time without notice. Candidates should be aware of employment fraud and verify communications originate from official company email domains. The employer will never request payment or require purchase of equipment as part of the hiring process.