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Description

This position will follow our hybrid work model; we expect the selected candidate to work 2-3 days a week at our Southfield, MI, corporate office.

Job Summary:

Under general supervision, you will apply intermediate knowledge of balancing and reconciliation to provide support to the mutual fund position reconciliation function. You will independently resolve basic reconciliation issues. Furthermore, you will perform daily follow-up on systematic balancing processes to ensure completeness and accuracy. Performs a daily review of aged share items to ensure all balancing guidelines and risk controls are being appropriately followed. May participate in defined work or projects of basic scope and complexity.

Essential Duties and Responsibilities:

• Uses position management reconciliation system to identify and resolve position breaks accurately.

• Identifies transactions between omnibus vendor and/or fund companies and the firm's books and records, resulting in position breaks, and facilitates proper and timely resolution as needed.

• Reviews basic cash reconciliation issues: analyzes and interprets data and determines appropriate corrective action.

• Contacts internal and external customers as well as funds and depositories to resolve reconciliation issues.

• Processes various basic reconciliation-related reports and utilizes tools, including reconciliation-related databases and third-party applications.

• Provides support for other department associates during absences or high volume.

• Maintains currency in Reconciliation policies and procedures.

• Provides inbox support.

• Travels to the various RJA Operating Centers if deemed necessary for training or in the event of a BCP (Business Continuity Plan) situation.

• Performs other duties and responsibilities as assigned.

Qualifications

Knowledge, Skills, and Abilities:

Knowledge of:

• Basic investment concepts, practices, procedures, and industry regulations related to Mutual Fund Reconciliation activities.

• Basic mathematical skills, including addition, subtraction, multiplication, division, percentages, fractions, averages, and balancing sufficient to complete settlement.

• Accounting principles.

• Principles and practices of customer relations and communications.

• Excel (intermediate), Word, Outlook, and other applications as needed.

Skill in:

• Identifying financial events that affect balancing and reconciliation.

• Reconciling and correcting share discrepancies.

• Updating and maintaining information systems.

• Organization and time management are sufficient to prioritize workload, handle multiple tasks, and meet critical deadlines.

Ability to:

• Perform basic levels of research and analysis to solve balancing issues.

• Read, interpret, analyze, and apply transaction information.

• Communicate with associates and internal and external customers effectively, both orally and in writing.

• Work concurrently under pressure on multiple tasks and meet daily deadlines with frequent work volume fluctuations.

• Establish and maintain effective working relationships at all levels of the organization.

Educational/Previous Experience Requirements:

• High school diploma or equivalent and a minimum of zero (0) to three (3) years of experience in the financial services industry.or

• Any equivalent combination of education, experience, and/or training approved by Human Resources.

Licenses/Certifications:

• None required.

Job: Operations

Primary Location: US-MI-Southfield-Southfield

Organization Operations & Administration

Schedule Full-time

Job Shift Day Job

Travel No

Req ID: 2401961