Fund Custody Specialist (Hybrid-Oak Brook, IL)

Inspira Financial•Oak Brook, IL

3d•Hybrid

About The Position

The Fund Custody Specialist will report to the Fund Custody Manager in Fund Custody Services. This role is responsible for is responsible for the relationship with advisors and clients which includes conducting daily operations that relate to fund custody services for managed funds or other pooled investment vehicles. The primary functions of this role include processing fund subscriptions and redemptions, re-registering fund assets, executing fund investments, exchanges, redemptions, and liquidations, completing payment of fund expenses, accounting and analyzing daily deposits and purchases, reviewing quarterly statements, and preparing invoices. Through verbal and written communication, the incumbent will develop, strengthen, and maintain a positive relationship with assigned clients and interact with all necessary departments to implement client requests or answer inquiries.

Requirements

1-3 years of experience in financial services industry or with alternative investments preferred
Bachelor’s Degree in Accounting, Business, Finance, or related field
Strong relationship and communication skills
Ability to solve problems, both independently and in a collaborative team environment
Ability to maintain the highest quality of service and professionalism
Excellent analytical skills with a proactive nature
Strong organization skills with a drive to meet deadlines
An affinity for accuracy and efficiency
Proficiency in Microsoft Excel, Word and Outlook
An aptitude for prioritization and multi-tasking
A drive to learn and apply new concepts quickly

Nice To Haves

Experience with Salesforce CRM preferred

Responsibilities

Serve as a dedicated point of contact for assigned fund custody clients
Support and guide clients through account opening, the investment process, and ongoing activities
Manage incoming and outgoing communications for assigned clients
Monitor the establishment of data feeds as needed
Review received data files from clients and investment sponsors
Process the re-registration of assets
Execute asset and cash transactions as directed, including but not limited to alternative assets, traditional assets, brokerage accounts, client subscriptions and redemptions, and fund expense payments
Monitor and release funds from external bank accounts
Answer client inquiries regarding Inspira products, services and fees in a timely and accurate manner
Work cross-functionally with various departments within the business to maximize service
Other duties as assigned.