Portfolio Administrator, Cash

CIBC Mellon; Toronto; On-site; CAD 50,000 - 80,000; Full time

Job summary

Join a forward-thinking financial services firm where you will play a key role in cash management and portfolio transactions. In this position, you will execute critical daily processes, ensuring accurate trade entry and timely reporting. Your expertise in accounting and operations will be vital as you work closely with investment managers and custodians to resolve discrepancies. This role offers an exciting opportunity to develop your skills in a dynamic environment while contributing to the company's success. If you have a keen attention to detail and thrive in a fast-paced setting, this is the perfect opportunity for you.

Qualifications

• 2-4 years experience in accounting/operations, preferably with mutual funds and securities.
• Strong communication skills and attention to detail are essential.

Responsibilities

• Execute daily cash management and portfolio modelling transactions.
• Ensure accurate processing of securities trades and perform reconciliations.

Skills

Accounting

Operations Management

Attention to Detail

Communication Skills

Data Management

Education

Post-secondary degree/diploma in Accounting/Finance/Commerce/Business

Canadian Securities Course (in progress)

Tools

Microsoft Excel

Microsoft Word

Microsoft Access

Job description

Responsibilities

• Execute critical daily processes specific to cash management and portfolio modelling transactions including trade entry, settlement, adjustments, payment receipt and reconciliation
• Ensure correct and timely post-execution reporting of money market and term deposits
• Receive securities trades on a daily basis from Investment Managers, ensuring the trades are accurately processed and promptly entered to the portfolio accounts' records
• Perform reconciliations and identify, report and escalate portfolio security discrepancies
• Work with custodian banks/prime brokers, investment managers and sub-advisors, and traders to resolve discrepancies and overdrafts
• Minimize risk and operational losses by adhering to established policies and procedures
  
  

Qualifications

• Two to four years of experience in an accounting/operations related position (experience with mutual funds, securities/investments, foreign currency translation and derivatives preferred)
• Post-secondary degree/diploma specializing in Accounting/Finance/Commerce/Business or equivalent
• Working towards completion of the Canadian Securities Course
• Familiarity with professional information systems
• Proficiency in Microsoft Office such as MS Excel and Word; Access would be an asset
• Programming/development and data management skills an asset
• Ability to work independently in a time sensitive environment and deal with fluctuating work volumes is required
• A high attention to detail is required
• Strong communication skills, both written and verbal
• Knowledge of applicable policies and procedures