Client Settlements Administrator

Margetts; Birmingham; On-site; GBP 30,000 - 42,000; Full time

Benefits offered by this job

Hybrid working after probation

Training and development

Job summary

Margetts is seeking a Client Settlements Administrator to join our Finance team. You will support accurate processing, settlement, and reconciliation of client and scheme cash movements, helping meet regulatory obligations.

The role involves liaising with internal and external stakeholders and maintaining robust records in a controlled environment. Working closely with Client Operations, this 12-month fixed-term role may become permanent.

Qualifications

• A strong commitment to accuracy and detail.
• Excellent analytical and problem-solving skills.
• Ability to manage multiple priorities and meet deadlines.
• Effective communication with internal and external stakeholders.
• Proficiency with Excel (formulas, lookups, PivotTables) and MS 365 apps.

Responsibilities

• Process and monitor scheme trade settlements.
• Reconcile Transfer Agency cash movements (subscriptions, redemptions, distributions).
• Monitor settlement activity and resolve discrepancies promptly.
• Perform client money reconciliations in line with CASS and internal procedures.
• Investigate reconciliation differences and maintain supporting records.
• Liaise with transfer agents, custodians and stakeholders to support settlements.

Skills

Attention to detail

Analytical problem solving

Organisational skills

Written and verbal communication

Excel proficiency

Education

University degree or accounting qualification

Tools

Microsoft Excel

Microsoft 365

Job description

We are seeking a Client Settlements Administrator to join the Finance department within our Authorised Corporate Director (ACD) firm. The role supports the accurate and timely processing, settlement and reconciliation of client and scheme cash movements, helping the business meet its operational and regulatory obligations. Working closely with Client Operations and other internal and external stakeholders, the successful candidate will investigate and resolve queries, maintain accurate records and contribute to effective financial controls.

Key Responsibilities

• Process and monitor scheme trade and client deal settlements.
• Process and reconcile Transfer Agency cash movements, including subscriptions, redemptions and distributions.
• Monitor settlement activity to ensure deadlines are met and investigate and resolve discrepancies promptly.
• Perform daily internal and external client money reconciliations in accordance with applicable CASS requirements and internal procedures.
• Investigate reconciliation differences, maintain clear supporting records and escalation issues or potential breaches in line with established procedures.
• Liaise with transfer agents, custodians and internal stakeholders to support settlement activity and resolve queries.
• Carry out responsibilities in accordance with applicable FCA CASS requirements and internal policies, procedures and controls.
• Support the preparation and processing of Client Money and Asset Returns (CMAR), where required.
• Maintain accurate and up-to-date procedures, control documentation and operational records.
• Provide support and cover to the Corporate Reporting function and projects as required.

Skills & Experience

• Relevant experience in finance operations, accounting, fund administration, cash reconciliation, settlements or a comparable operational role, preferably within financial services.
• A relevant degree or accounting qualification, or equivalent practical experience.
• A strong commitment to accuracy, with excellent attention to detail and analytical problem-solving skills.
• Strong organisational skills, with the ability to manage competing priorities and deliver accurate work to tight deadlines.
• Effective written and verbal communication skills, with confidence working with internal and external stakeholders.
• Good working knowledge of Microsoft Excel, including formulas, lookup functions and pivot tables, together with proficiency in other Microsoft 365 applications.
• Experience of FCA CASS, client money reconciliations, cash settlements, Transfer Agency or fund administration is desirable but not essential.

Working Arrangements and Benefits

This is a full-time, office-based role offered on a 12-month fixed-term contract. There may be an opportunity for the role to become permanent, subject to business requirements and individual performance. Hybrid working may be available following successful completion of the six-month probationary period and will remain subject to the needs of the role and the business. The position offers a competitive salary and benefits package, together with training, professional development and exposure to fund operations and CASS-related activities.