Sr. Reconciliation Specialist

S&P Global; Dallas (TX); Hybrid; USD 60,000 - 75,000; Full time

Job summary

A financial services company is seeking a professional for the Global Reconciliation Team in Dallas, TX. This hybrid role demands interpersonal communication, organization, and analytical skills. Responsibilities include managing client cash needs, performing reconciliations, and engaging with clients. Candidates should have 1 to 3 years in a corporate setting and ideally possess a degree in Accounting or Finance. The position offers a salary range of $60,000 to $75,000 along with eligibility for an annual incentive plan.

Qualifications

• 1 to 3 years working in a corporate setting.
• Ability to handle direct customer situations with patience.
• Eager to learn with strong analytical and problem-solving abilities.

Responsibilities

• Understand daily funding needs for specific clients.
• Perform daily bank reconciliations for multiple clients.
• Analyze and implement productivity improvements.

Skills

Interpersonal communication

Organization

Time management

Analytical skills

Problem-solving abilities

Education

Bachelor’s degree in Accounting, Finance, Economics or related field

Tools

WSO or Loan IQ

Job description

The Enterprise Solutions Operations division seeks a professional with excellent interpersonal communication, organization, and time management skills to join our Global Reconciliation Team.

S&P’s WSO (Wall Street Office) provides real-time access to our client’s portfolio and reporting insights for active asset management and deal administration, trading activities, cash and position level transparency and accurate P&L reporting. Underpinned by our WSO Administrator and WSO Agent product suites, WSO supports complex aspects of alternative asset management in a scalable solution that increases operational efficiency while reducing risk. Our solutions are available as a hosted software or a fully outsourced managed service.

Responsibilities and Impact:

The specialist will be part of a dynamic team, responsible for all client facing operations related items, data research, and processing functions on the Reconciliation Team which primarily supports WSO users, and their cash management needs.

In this position, you will gain exposure to an exciting financial market and interact daily with our clients of varying levels of seniority. This is an exciting opportunity to learn about finance, banking, the syndicated loan market, and Software as a Services (SAAS) technology.

Duties & Responsibilities:

• Understand and calculate the daily funding needs for specific clients
• Move cash throughout the day for general funding purposes, payments, fee-related receipts, as well as cash optimization
• Perform Daily Bank Reconciliations for multiple clients across multiple accounts
• Perform Daily Reconciliations of Cash, Positions and Trades between our internal system, client’s records and our custodian accounts
• Work with Business Development and IT group to assist in the development of an automated solution for Cash and Collateral Margin tracking
• Ensure the best cash management practices are in place
• Analyse, recommend and implement productivity improvements

Compensation/Benefits Information:

S&P Global states that the anticipated base salary range for this position is $60,000 to $75,000. Final base salary for this role will be based on the individual’s geographic location, as well as experience level, skill set, training, licenses and certifications. In addition to base compensation, this role is eligible for an annual incentive plan. This role is eligible to receive additional S&P Global benefits. For more information on the benefits we provide to our employees, please click here.

What We’re Looking For:

Basic Required Qualifications:

• Available to work a hybrid role in Dallas, TX
• 1 to 3 years working in a corporate setting
• Ability to handle direct customer situations with patience and poise
• Ability to organize and prioritize complex issues and projects to completion
• Ability to think laterally, provide proper issue analyses, and question current processes
• Eager to learn with strong analytical and problem-solving abilities
• Proficient PC skills with interest in learning new internet based applications

Additional Preferred Qualifications:

• Bachelor’s degree (Accounting, Finance, Economics, or related field preferred)
• 1-3 years within the financial and/or syndicated loan industry
• Experience with WSO or Loan IQ

Right to Work Requirements:

This role is limited to persons with indefinite right to work in the United States.