Fee Reconciliation Analyst
About The Position
The Fee Reconciliation Analyst is part of Jump Trading Group’s Finance team and is responsible for ensuring that fee reconciliation procedures and controls are effective and efficient, helping prevent errors that could create negative financial impacts for trading teams. The role reviews the firm’s fee setups, calculations, and outputs against third-party reporting, investigates discrepancies, and works to reconcile items that do not agree with third-party statements. The analyst reconciles global clearing, exchange, and regulatory fees and rebates, assists with developing standards and controls, and collaborates with colleagues to resolve complex fee setup, allocation, and reconciliation questions. The role also documents reconciliations, prepares monthly reports, monitors invoices and statements for errors and fee variances, and serves as a liaison across several business teams. Reliable availability is required, including working from the Chicago office for part of each week.
Requirements
- Bachelor’s degree.
- At least 5 years of relevant work experience.
- Experience with Excel, SQL, and Python.
- Ability to work independently and take initiative in defining and resolving problems.
- Detail-oriented, organized, with excellent documentation skills.
- Collaborative approach and ability to build and sustain relationships with colleagues.
- Strong communication skills.
- Ability to multitask and prioritize multiple projects in a fast-paced environment.
- Flexible, conscientious, and adaptable to constant change.
- Professional demeanor and discretion when handling confidential material.
- Reliable and predictable availability, including the ability to work from the Chicago office for part of each week.
Responsibilities
- Reconcile and validate global clearing, exchange, and regulatory fees and rebates calculated in internal systems against monthly reporting from exchanges, brokers, and other third parties.
- Assist in developing standards, procedures, and internal controls for fee reconciliation activities.
- Collaborate with the Fee Analyst to research and resolve unreconcilable items.
- Understand and help resolve complex requests related to fee setup and allocation processes.
- Monitor fee information on statements and invoices for calculation or input errors and period-to-period fee variances.
- Document reconciliations to support changes to fee schedules and fee accruals.
- Prepare monthly reports covering reconciled fees.
- Act as a liaison between Business Insights, Trade Accounting, Business Development, and Clearing teams.
- Perform other duties as assigned or needed.
Benefits
- Discretionary bonus eligibility.
- Medical, dental, and vision insurance.
- HSA, FSA, and Dependent Care options.
- Employer-paid group term life and AD&D insurance.
- Voluntary life and AD&D insurance.
- Paid vacation and holidays.
- Retirement plan with employer match.
- Paid parental leave.
- Wellness programs.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
