Financial Control Analyst

Fairygodboss; Salem (NH); On-site; USD 60,000 - 80,000; Full time

Job summary

Fairygodboss is hiring a Financial Control Analyst in Salem, New Hampshire. The position involves reconciliation of liabilities and assets, cash reconciliations, and tax reporting. The ideal candidate should possess a Bachelor's degree in Accounting or Finance and have 1 to 3 years of related experience.

The role emphasizes effective communication and problem-solving skills, contributing to a diverse and inclusive workplace. Interested candidates are encouraged to apply.

Qualifications

• 1 to 3 years of general finance/financial control experience.

Responsibilities

• Perform daily share balance reconciliation between records and trust assets.
• Place, confirm, and instruct for settlement of investment trades.
• Obtain pricing information and validate accuracy for record keeping.
• Perform daily cash reconciliations for established demand deposit accounts.
• Acquire and post all dividend transactions to the record keeping system.
• Complete the daily production of retirement plan checks.
• Perform reconciliations for Federal and State tax reporting.
• Possess knowledge for moderately complex assignments.
• Recommend changes to expedite accounting systems.
• Conduct studies for development of accounting methods.

Skills

Communication Skills

Presentation Skills

Problem Analysis

Teamwork

Education

Bachelor's degree in Accounting, Finance, or equivalent

Job description

This position will work 7:30am-4pm EST, M-F.

ADP is hiring a Financial Control Analyst. In this position, you will provide support to the Trading group.

Core Responsibilities

• Reconciliation of liabilities (records) to assets (Mutual Fund Positions): Performs daily share balance reconciliation between the records of the record keeping system to those of the trust. Researches and resolves all discrepancies arising from variances between the two holdings.
• Investment Trading: Places, confirms, and instructs for settlement of the investment trades per the direction of the participants, beneficiaries, and plan sponsors. Researchers trade discrepancies or unconfirmed trades. Report on daily trade activity to both internal and external parties. Work with various investment firms to initiate account opening and trading relationships.
• Investment Pricing and Performance: Obtain pricing and performance information from investment firms and other contracted parties. Validate the accuracy of this data through various checks and balances. Apply this information to the record keeping and ancillary systems. Perform these functions by specified deadlines.
• Cash Reconciliation and Money Movements: Perform daily cash reconciliations for the established demand deposit accounts (dda's). Instruct the trustees and custodians on money movements associated with these dda's. Research and resolve all discrepancies arising from variances in the reconciliation.
• Dividend Analysis and Postings: Acquire and post all dividend transactions to the record keeping system by the established time frames. Research and resolve all global dividend discrepancies.
• Check writing: Performs all activities necessary to complete the daily production of retirement plan checks. Ensure payments have been processed into the check writing system, reconcile the output to various reports, release the checks to print, instruct on wire payment, and quality check the output. Troubleshoot daily system issues and any reconciliation items.
• Tax Reporting – Perform Federal and State withholding, depositing, and reporting responsibilities: Perform reconciliations between the record keeping system and the tax reporting system. Identify discrepancies and resolve them through multiple processes. Perform functions timely to reduce and eliminate fines, interest, and penalties. Identify new tax legislation and the impact on our applications. Communicate to impacted parties including producing/documenting enhancements to our applications. Be the resource for all in RS for knowing, interpreting, and communicating tax legislation.
• Analysis/Problem-Solving: Possesses and applies knowledge of the completion of moderately difficult to complex assignments.
• Accounting Systems and Other Financial Control Applications: Possesses broad knowledge of many accounting systems, and may recommend changes to currently used systems to expedite problems. Develop, test, document, and implement these enhancements.
• Special Studies/Projects: Conducts studies that lead to the development and/or recommendation of accounting methods and procedures. Handles various accounting projects on an as‑needed basis; (for example tax returns and forecasting for budgetary purposes).

Qualifications

• Bachelor's degree in Accounting, Finance, or equivalent in training and experience.
• 1 to 3 years of general finance/financial control experience.

Preferred Qualifications

• Communication Skills: Uses effective communication skills to consult with clients.
• Presentation Skills: Communicates with clients and employees at all levels professionally and effectively.
• Problem Analysis / Resolution / Negotiation: Gathers information necessary to make decisions and implement actions.
• Teamwork / Collaboration: Partners with fellow associates, supervisors, and departments; contributes and exchanges knowledge and skills to meet group needs and goals; participates in resolving issues Customer Focus: Demonstrates a strong focus on customer service.

Diversity, Equity, Inclusion & Equal Employment Opportunity at ADP: ADP is committed to an inclusive, diverse and equitable workplace, and is further committed to providing equal employment opportunities regardless of any protected characteristic including: race, color, genetic information, creed, national origin, religion, sex, affectional or sexual orientation, gender identity or expression, lawful alien status, ancestry, age, marital status, protected veteran status or disability. Hiring decisions are based upon ADP's operating needs, and applicant merit including, but not limited to, qualifications, experience, ability, availability, cooperation, and job performance.