NQ Reconciliation Specialist

Ascensus; Florida; Sur place; USD 55 000 - 75 000; Plein temps

Résumé du poste

Newport, an Ascensus company, is seeking a Reconciliation Specialist to support Non-Qualified Plan Asset and Liability Management, ensuring data integrity of cases and recommending appropriate financial adjustments to Trust accounts.

You will perform daily reconciliations, manage cash positions and asset transfers, collaborate across teams and vendors, and maintain high-quality outputs under tight deadlines.

Qualifications

• Two years’ experience in financial service industry with knowledge and experience in trust setup, reconciliation, and asset transfer.
• Working knowledge of MS Excel and Word.
• Bachelor's degree preferred.

Responsabilités

• Reconcile cash positions and reconcile daily transactions.
• Manage trust setup paperwork and asset transfers.
• Process participant payments and tax documentation.
• Collaborate with vendors and internal teams.
• Maintain data integrity and high-quality work under deadlines.
• Ensure compliance with internal guidelines and sample calculations.

Connaissances

Financial services experience

Trust setup knowledge

Reconciliation

Asset transfer experience

MS Excel

MS Word

Attention to detail

Formation

Bachelor's degree

Description du poste

Newport, an Ascensus company, helps employers offer their associates a more secure financial future through retirement plans, insurance and consulting services. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. As a provider and partner, Newport is independent, experienced, and responsive.

Job Summary

Working closely with internal and external resources, the Reconciliation Specialist performs functions to support Non-Qualified Plan Asset and Liability Management for clients by ensuring financial data integrity of cases and recommending appropriate financial adjustments to Trust accounts and/or plan liabilities. Processes participant payments out of the plan trust.

Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

• Works with trust/trading platform and internal resources to ensure the plan assets are hedged to the plan liabilities.
• Performs quality assurance reviews, daily cash and unit reconciliation
• Reconciles cash positions with incoming deposits and pending trades.
• Understands general trading functions and the different security types.
• Compares system output from multiple systems, reconciles, recommends trades, and communicates status of assets and records.
• Identifies and researches discrepancies and takes appropriate action to resolve.
• Identifies, analyzes, and assists in executing improvements for any daily administrative processes and procedures.
• Assists in the development of additional financial controls and identification of preventative measures.
• Manages outgoing payments and tax documentation for plan participants.
• Assists in the Trust setup process to ensure required paperwork is complete and accurate.
• Analyzes data, reconciles participant records and trust accounts, and resolves asset and data transfer issues.
• Effectively interacts with vendors, the team, and other areas of the firm.
• Works in a fast-paced, demanding environment under tight deadlines.
• Ensures final work products are of high quality, provided in a timely fashion and adhere to internal guidelines, plan descriptions, and sample calculations.
• Focuses on learning in everyday activities and events
• Collaborates with and openly shares knowledge with colleagues
• Regular, reliable, and punctual attendance
  

Required Education, Experience and Certificates, Licenses, Registrations

• Two years’ experience in financial service industry with knowledge and experience in trust setup, reconciliation, and asset transfer.
• Working knowledge of MS Excel and Word.

Preferred (but not required) education or skills for this role

• Bachelor's degree (B. A.) from four-year college or university.

Competencies

• Customer Oriented
• Detail Oriented
• Verbal and Written Communication Skills
• Independent
• Personable
• Planning And Organizing
• Resourceful
• Team Player
• Thoroughness
• Time Management
• Accuracy
• Self-Starter

TRAVEL: Up to 5%.

OTHER DUTIES

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.