NQ Reconciliation Specialist

🔥 0 minutes ago

🐊 Florida – Remote

🐊 Florida – Remote

⏰ Full Time

🟢 Junior

🟡 Mid-level

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Ascensus

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

Founded 2000

💸 Finance

👥 HR Tech

💰 Secondary Market on 2019-02

Finance • HR Tech

Ascensus is a company that values its people and emphasizes a culture guided by principles such as integrity, quality, and a commitment to high standards. It provides administrative and recordkeeping services, focusing on helping individuals achieve financially secure retirements and ensuring quality education for children. Ascensus is dedicated to diversity, inclusion, and providing equal opportunities, making it a rewarding place to work. The company also offers a wide range of benefits to its employees, including student loan refinancing and healthy living programs.

📋 Description

• 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. • 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.

🎯 Requirements

• 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.

🏖️ Benefits

• Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions. • Collaborates with and openly shares knowledge with colleagues. • Regular, reliable, and punctual attendance.