Operations Specialist- Reconciliation

Summary:

The Operations Specialist has several areas of responsibility in Investment Operations. Primary responsibilities are portfolio reconciliation and other month end or related deliverables.  Other areas may include account administration, special reporting, and corporate actions. The Operations Specialist will also be involved with individual or group projects and initiatives as they occur.

Responsibilities:

• Provide Operational support for Advisory & Private Wealth accounts.
• Utilize automated reconciliation system for assigned accounts (daily/monthly) to ensure that all accounts are in proof daily, positions monthly and/or as needed basis.
• Research cash, transaction and position discrepancies between GW&K and custodian banks via internal systems/resources and external custodian sites.
• Liaise with trade settlements and corporate actions personnel within Investment Operations.  Utilize custodian web-sites to research and resolve account issues and discrepancies timely, in an effort to maintain data integrity and minimize financial risk.
• Ensure corporate action events are reflected correctly and client accounts reflect these changes and reconcile with the custodian bank.
• Conduct/review data checks each day to ensure information on GW&K’s system is accurate.  Troubleshoot & resolve data issues timely.
• Perform cost restructures upon request to ensure integrity of gain/loss reporting.
• Maintain working relationships with other internal groups including: Client Service teams, technology group to troubleshoot and resolve issues in client accounts.
• Process transactions to core accounting system and other proprietary applications where necessary, as related to client accounts.
• Other responsibilities as determined by the group manager.

Qualifications:

• College degree (preferably in Business) and 1-2 years prior related industry experience; recent college graduate with industry co-op or internship experience will be considered.
• An understanding of (or a desire to understand) portfolio accounting and the investment operations process.
• Interest and desire to understand technology related issues, tasks and responsibilities; participate in technology initiatives.
• Computer literate; must have basic knowledge of MS Excel. Desire to learn new database systems, familiarity with SQL query writing is helpful.
• Excellent attention to detail a must.
• Problem solving and analytical skills; must trouble shoot one-off problems and investigate issues using internal systems and resources. The candidate should be inquisitive and an idea generator.
• Willingness to learn about investment management from the operational level and apply that knowledge daily; familiarity with characteristics of securities a plus, including; municipal bonds, corporate bonds, mortgage backed securities, U.S. and foreign equities.
• Engaged, motivated, inquisitive, accountable, committed, service oriented team player.
• Ability to prioritize responsibilities and multi task to ensure completion of work and resolution of day to day issues within the established timeframes.