Remote Custody Ops Associate — Reconciliation & Clients

Kelmar; Middleton (MA); Remote; USD 50,000 - 52,000; Full time

Benefits offered by this job

Medical, dental and vision insurance

Flexible spending plans

Health savings account

Health reimbursement arrangement

Life Insurance (basic, AD&D, voluntary

Disability insurance

401(k) with company match

Paid parental leave

Paid time off

Tuition assistance

Eligible for discretionary annualBonus

Job summary

Kelmar is seeking an entry-level Custody Operations Associate to work remotely with our Security Operations team, sub-custodian, and clients. You will reconcile transactions, assist with transfers, and ensure accurate reflection in the client’s unclaimed property database.

The role requires a Bachelor's degree or equivalent, strong writing and analytical skills, and the ability to work independently while communicating effectively with external clients.

Qualifications

• Bachelor's Degree or equivalent; willing to train right candidate.
• Excellent interpersonal and communication skills for client contact.
• Comfortable with MS Office, Windows, and general software.
• Strong writing and analytical abilities.
• Able to work independently and follow management direction.
• Detail oriented with daily, weekly, monthly reconciliations.
• Legally authorized to work in the U.S. without sponsorship now or in future.

Responsibilities

• Perform daily reconciliation of each client account held by the sub-custodian to their unclaimed property database.
• Review and transfer accounts held at mutual fund companies, brokerage firms, and transfer agents to State's custodial account; maintain detailed tracking of funds transferred.
• Receive instructions from clients and their unclaimed property database regarding selling and/or transferring shares; execute transactions as instructed using the sub-custodians.
• Perform manual updates to the clients unclaimed property database as necessary including: transfers, sale proceeds, corporation actions, liquidations, capital gains and dividends.
• Identify and properly report discrepancies to Custody Operations Manager.
• Ensure security type designations such as mutual funds and common stock are properly identified in the unclaimed property database.
• Perform research for clients related to corporate actions and individual CUSIP histories; record and provide entitlement calculations upon request.
• Assist with testing changes to workflows, documents and batch processes as needed.
• Perform quarterly reconciliation of accounts to ensure worthless securities are identified and updated in the clients unclaimed property database.
• Communicate with clients regarding a variety of account activities including incoming receipts, corporate actions, worthless securities, un-exchangeable securities, security transfer issues, sale proceeds and status, and any other relevant issues that arise.
• Assist with special projects when new clients have been onboarded

Skills

Interpersonal communication

Writing

Analytical skills

Detail oriented

Independent worker

Self-starter

MS Office

MS Windows

Education

Bachelor's Degree or equivalent

Tools

MS Office

MS Windows

Job description

Kelmar is seeking an entry-level Custody Operations Associate to work remotely with our Security Operations team, sub-custodian, and clients. You will reconcile transactions, assist with transfers, and ensure accurate reflection in the client’s unclaimed property database.

The role requires a Bachelor's degree or equivalent, strong writing and analytical skills, and the ability to work independently while communicating effectively with external clients.