Associate, Custody Operations
65k – 70kKing of Prussia, PAHybrid
Summary
Custody Operations Associate responsible for daily cash/wire processing, trade settlement, reconciliation, and operational corrections on retirement savings plans. Requires a Finance or Accounting degree and strong Excel skills.
About the role
What Will You Be Doing?
- Review incoming cash, wires, and checks coming onto our trust accounting system
- Processing of corrections on a plan and participant level on a daily basis
- Work with sub-custodians to settle trades from the point of booking, through settlement for mutual funds, stable value funds, and ETFs
- Respond to a high volume of complex operational correctional issues for internal teams
- Identify and resolve discrepancies in Cash and Share balances
- Oversee and help ensure other team member action items are completed
- Ensure collaboration with all internal teams to meet expected timelines
- Support the creation and maintenance of written operating procedures related to assigned functions
- Oversee and audit record-keeping and plan administration components
- Monitor deliverables and ensure timely completion of team projects
- Investigate and reconcile discrepancies in data and remediate accordingly
Requirements
The Necessities
- Undergraduate or graduate degree in Finance or Accounting with a strong academic performance record
- Possess a strong aptitude for numbers, and understanding of cash and traditional securities reconciliations
- Demonstrate an affinity for learning, creating, and iterating rapidly
- Proactive and analytical, able to problem-solve and propose solutions
- Demonstrate a high degree of organization and dependability
- Ability to prioritize tasks and manage client expectations
- Ability to use excel at a high level
The Extras
- Experience with collaboration, project management, and CRM tools such as Google Workspace, Slack, Salesforce, Zendesk, and Jira
- Possess a good understanding of how mutual funds, stable value funds, and ETFs trade and settle
- Familiarity with custodial platforms, such as Matrix or Schwab
- General knowledge of ERISA rules and requirements, and experience with one or more compliance / record-keeping systems (e.g. SunGard Relius, ASC, FIS)
- Qualified 401(k) Administrator (QKA) or higher ASPPA credentials
- Relevant record-keeper experience
Compensation & Benefits
- Expected base salary range: $65K - $70K base
- Eligible to participate in the Company Bonus Pool
- Eligible to receive new hire equity in the Company
- Comprehensive health benefits
- Generous time off
- Competitive 401(k) plan
Skills
ExcelGoogle WorkspaceSlackSalesforceZendeskJiraMutual FundsETFsMatrixSchwabERISASunGard ReliusASCFIS
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