Reconciliation Specialist, Institutional Portfolio Operations

Connor, Clark & Lunn group; Toronto; Hybrid; CAD 68,000 - 73,000; Full time

Benefits offered by this job

Hybrid work model

Competitive total compensation

Retirement savings support

Wellness credits

Enhanced parental leave

Health benefits

Job summary

Connor, Clark & Lunn Financial Group seeks a Reconciliation Specialist for its Institutional Portfolio Operations team. The role involves reconciling cash, holdings, derivatives, and related items, and collaborating with custodians, brokers, and portfolio managers to resolve discrepancies.

Ideal candidates have a postgraduate finance/BA degree and 2+ years in investment operations, with strong analytical and communication skills.

Qualifications

• Postgraduate degree in Finance, Business Administration or a related field.
• Minimum 2 years’ experience in investment operations preferred.
• Proficient with Microsoft Office (Excel) and computer-literate.

Responsibilities

• Reconcile cash, transactions, holdings, futures, derivatives, dividends, and units.
• Investigate reconciliation breaks due to shareholder activity, income discrepancies, corporate actions, failed trades or derivative breaks.
• Navigate custodian websites to extract cash and holdings reports; communicate with custodians and brokers to resolve discrepancies.
• Coordinate with custodians, prime brokers, and portfolio managers to investigate and resolve issues; set up daily file deliveries.
• Support month-end reconciliations and assist auditors with data requests.
• Participate in process improvements and automation initiatives to increase efficiency and scalability.

Skills

Excel

Problem solving

Analytical thinking

Communication

Education

Postgraduate degree in Finance/Business Administration

Tools

Advent APX

SS&C RECON

Job description

Are you interested in joining one of Canada's top performing asset managers? We are looking for a Reconciliation Specialist, for an existing vacancy in our Institutional Portfolio Operations team. The Institutional Portfolio Operations (IPO) team is a group of tightknit, energetic, and social individuals, who together have a direct impact on the investment success of individuals, pension funds, foundations and endowments, First Nations and other institutional clients. The reconciliation specialist position is a critical part of our firm and clients' success and is a challenging and rewarding role for the right individual. In this role you will experience the inter-workings of the asset management world and will have the opportunity to advance your skills for future growth and development within Connor, Clark & Lunn (CC&L). Our offices currently operate on a hybrid model with a combination of in office and remote working days throughout the week.What You Will DoReconcile various items, including but not limited to: cash, transactions, holdings, futures, various derivative products, dividends, soft dollars, units, and alternative investments.Develop knowledge on investigation of the various reconciliation breaks due to shareholder activities, income discrepancies, corporate action breaks, failed trades or derivative breaks.Develop knowledge of various research platforms like Bloomberg or Reuters, etc.Navigate custodian websites for extracting cash and holdings reportsCommunicate with custodians, prime brokers, portfolio managers, and key personnel across CC&L to investigate and resolve reconciliation discrepancies.Communicate with our custodians and prime brokers to set up daily delivery of external files for reconciliation purposes and to resolve data-related issues.Communicate critical portfolio information and oversee the flow of sensitive information for all CC&L affiliates.Work with auditors to assist in providing accurate and timely data for audits of our institutional client accounts.Participate in continuous improvement of business processes and procedures, with focus on automation, efficiency, and the scalability of IPO's services.Participate in testing and implementation of projects and new/revised products/services or processes.Complete month-end reconciliation of accounts to ensure that all client accounts that are out of balance or require investigation can be reviewed and resolved accordingly and in a timely manner.Analyze issues and determine next steps; escalate as required.Complete complex & diverse tasks within given rules/limits.Perform other tasks and ad-hoc projects as assigned to you from time to time.Knowledge of Advent APX and SS&C RECON applications are beneficial, but not required.Knowledge of capital markets, derivatives, securities, and corporate actions.What You BringYou have a postgraduate degree in Finance, Business Administration or a related field.You have a genuine interest for the investment industry with prior experience in an institutional investment firm, bank, or trust company. A minimum of 2 years experience in investment operations is preferred.You can articulate yourself clearly through both verbal and written mediums and work well with others to resolve complex issues.You have the ability to think rationally, and problem solve effectively. Demonstrated experience in process improvement initiatives, developing and automating processes is beneficial.You have a proven ability to problem solve in situations with less than complete information. You demonstrate strong analytical skills, ability to analyze situations, diagnose problems, and develop proactive solutions. You are proficient with Microsoft Office (Excel) and computer literate.You have a thirst for knowledge and lifelong learning. You have the ability to learn quickly and take responsibility for own learning and development.You are committed to contributing and supporting a team of like-minded individuals who are driven and have high standards. Everyone you have worked with has wonderful things to say about you.You are a sharp, ambitious, and enthusiastic person who will seek to improve existing processes and help to implement creative solutions. You are a \"go-getter\".The expected base salary range for this position is $68,000–$73,000. The midpoint represents our general market target for a fully qualified and experienced individual performing the role. Actual starting salary may fall below or above the midpoint depending on the candidate's relevant experience, skills and qualifications, as well as internal equity considerations. Further questions may be directed to the HR team during the interview process.#LI-HYBRID #LI-JB1What We OfferAt Connor, Clark & Lunn Financial Group, we're \"invested in our greatest asset, you\". Our shared goals reflect what matters most to our people:Your community: we foster belonging through collaboration, inclusion and flexibility. Enjoy social events, volunteering and a strong commitment to corporate social responsibility. Our flexible work practices are designed to support work-life balance and provide employees with flexibility in where and how they workYour growth: we prioritize your development with meaningful work, continuous learning budgets, paid study days and support for professional designations.Recognizing you: your contributions are rewarded with competitive total compensation, retirement savings support, wellness credits, enhanced parental leave, and comprehensive health benefits.For a closer look at how you can build your career with us, we invite you to explore cclgroup.com.We are committed to providing an inclusive, accessible recruitment and selection process. We welcome and encourage applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the recruitment and selection process. Please contact [e-mail] if you require accommodation.AI may be used to support certain stages of our screening & recruitment process. These tools support, but do not replace, human judgment and decision-making.