Operations Associate, Financial Services, Center City - $45K
Position Title: Operations Associate, International
Location:
Salary: $40-45K
Overall Responsibility: The Operations Associate will assist the Operations Manager by performing daily portfolio accounting activities, trade processing and settlements, and account reconcilements.
Essential Job Functions:
· Account Inception
· Daily cash reconciliation
· Monthly market value reconciliation
· Trade processing (Fixed income and Equity)
· Trade settlement (resolving settlement issues)
· Forward contract processing
· Data maintenance
· Creating and submitting reports to clients and custodians
· Participating in implementation of systems
Other Duties and Responsibilities:
· Other Duties as Assigned
Skill Sets Required:
· In depth understanding of accounting principles and reporting
· Knowledge of industry settlement practices within global markets
· Strong knowledge of trade execution and processing
· Broad knowledge of various investment types, security types and characteristics, eg:
· Forward Contracts
· Hedges
· Government Bonds
· Corporate Bonds
· Asset-Backed Securities
· ADR’s, GDR’s
· International Equities (Ordinaries)
· Foreign Exchange Transactions
· Ability to communicate and work well with internal/external parties
· Strong knowledge of local market practices, security types, etc (for international equities)
· Ability to handle multiple tasks simultaneously
· Strong analytical and mathematical skills
· Ability to develop and implement Operational processes and procedures that will streamline and enhance day-to-day functions
· Strong computer skills
Education/Experience:
· Bachelor’s Degree in Accounting, Finance or Business
· Three years experience in account/portfolio reconciliation
· Extensive knowledge of local and global settlement practices and conventions (eg Euroclear, Cedel, SWIFT, etc)
· Proven analytical and mathematical skills
· Ability to work in independently/team environment
· Five years experience in the financial services industry
· Experience with trading and accounting systems preferred
Brian Fenerty
Peopleflex, Inc.
1025 Andrew Drive
