Settlements Administrator

  • Post Date: October 10, 2018
  • Isle of Man
Job Description

Role Profile:
To process the matching to contract notes and physical settlement of investment trades. To maintain the integrity of the system records in respect of such trades and settlements.

Role responsibilities:
– Daily processing, checking and reconciling of subscription and redemption trades
– Daily processing, checking and reconciling of dividend and rebates
– Assist/oversee in the production and issue of quarterly valuations
– Daily cash processing of settlement deals on EQ/Banking systems and processing of custody transactions through external custodian systems
– Production and timely execution of settlement documentation, including preparation of sealing register as required
– Assistance with the execution and confirmation of client deals, as directed
– Assistance and resolution of queries
– Maintenance of good relationships with stockbrokers/fund houses/advisers
– All subscription and redemption trades settled in a timely manner in-keeping Utmost Wealth Solutions and external Fund House deadlines
– Assistance with the maintenance of data to the systems as directed
– Assistance with the recording and updating of all new and existing securities and fund brokers records as directed
– General administration including scanning of records

Essential Requirements:
– Minimum of 1 years’ experience in Financial Services
– Experience of working within or dealing with an Investment Operations area
– Good knowledge of Microsoft Office Applications (Word, Excel, Outlook)
– Excellent planning and organisational skills
– Ability to work within a team or on own initiative
– Can maintain high level of accuracy and still work within agreed service standards
– Ability to work accurately under pressure
– Good understanding of securities, investments and fund accounting
– Basic understanding of domestic and international banking system
– Ability to meet individual targets and goals with accurate results
– 5 x GCSE (or equivalent) grade C or above English and Maths