Investment Operations Reconciliation Specialist

Trust Sourcing Solutions, LLC; Overland Park (KS); On-site; USD 52,000 - 76,000; Full time

Job summary

The Reconciliation Specialist at Trust Sourcing Solutions, LLC will join the Technology and Reconciliation team to accurately reconcile cash, money markets, client DDA’s and custodial positions within the trust accounting platform while delivering superior client service.

Responsibilities include reconciling balances across multiple banking relationships, preparing reports for audits, and maintaining procedures to ensure accurate daily operations for a high-volume environment in Overland Park,

Qualifications

• 2-3 years of trust accounting principals and the securities industry.
• Strong attention to detail with excellent analytical and accurate data entry skills.
• Ability to effectively communicate with a diverse client base of financial professionals.
• Ability to prioritize and handle multiple tasks.
• Ability to work in a high-volume situation with time constraints with minimal supervision.

Responsibilities

• Prepare and reconcile cash balances for three banking relationships.
• Prepare and reconcile positions on the trust accounting platform against money market holdings.
• Prepare and reconcile positions on the trust accounting platform against two custodian holdings.
• Prepare and reconcile positions on the trust accounting platform against mutual fund holdings.
• Perform daily bank reconciliations for clients.
• Create and distribute audit package reports.
• Track and report custodial fee revenue for clients.
• Create, update, and review procedures and daily checklists.
• Cross-train to provide backup during peer absences.
• Provide exceptional client service with timely analysis and resolution.

Skills

Attention to detail

Analytical skills

Data entry accuracy

Communication

Task prioritization

Time management

Education

Bachelor's degree in Business, Accounting, Finance or equivalent experience

Job description

The Reconciliation Specialist is a member of the Technology and Reconciliation team which is responsible for the accurate daily reconciling of cash, money markets, client DDA’s and custodial positions within the trust accounting platform while providing superior customer service to our clients through effective operational system support.

Responsibilities

• Prepare and reconcile the cash balances for 3 banking relationships with uninvested cash on trust accounting platform
• Prepare and reconcile positions on trust accounting platform against money market holdings
• Prepare and reconcile positions on trust accounting platform against 2 custodian holdings
• Prepare and reconcile positions on trust accounting platform against mutual fund holdings
• Perform daily bank reconciliations to be provided to our clients
• Create and distribute reports for audit packages
• Track and report custodial fee revenue for clients
• Create, update, ongoing review and testing of procedures and daily checklists
• Cross train and maintain working knowledge of the procedures to provide effective backups during peer absences
• Offers exceptional client service by providing timely analysis, research and resolution to client or CSR inquiries and issue resolution

Other Duties/Responsibilities

• Provides a timely response to client or staff inquiries or issues
• Participates in special projects and performs other duties as assigned
• Tests custom and release software enhancements related to job duties
• Participate in both internal and external disaster recovery tests
• Responsible to keep manager informed of issues impacting team
• Maintain effective working relationships by handling peer and management interactions in a positive and cooperative manner

Requirements

Job Qualifications

Knowledge, Skills, Experience

• 2-3 years of trust accounting principals and the securities industry
• Strong attention to detail with excellent analytical and accurate data entry skills
• Ability to effectively communicate with a diverse client base of financial professionals
• Ability to prioritize and handle multiple tasks
• Ability to work in a high-volume situation with time constraints with minimal supervision

Education or Formal Training

• Bachelor’s degree in Business, Accounting, Finance or equivalent experience

Working Environment/Physical Activities

• Work on a personal computer 80% of day
• May be asked to work weekends, holidays and overtime, as needed
• Work in the Overland Park, KS office

Trust Sourcing Solutions is an Equal Opportunity Employer