Mutual Fund Reconciliation Support Associate | Southfield, MI

Raymond James • Southfield, MI

2d • Hybrid

About The Position

Hybrid Work Environment: This position follows our hybrid-friendly schedule, so you get the best of both worlds – flexibility and collaboration. In office days will be 3 per week averaging 12 days per month in our Southfield, MI Corporate Office. Mutual Funds is looking for a Reconciliation Support Associate. In this role you will execute standard banking transactions for specific units or operating/processing departments in accordance with administrative and operational processes. You will process a range of specialized and non-standard transactions that usually require some research or investigation as well as balance/reconcile ledgers, enter trade corrections and more.

Requirements

• 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, Word, Outlook and other applications as needed.
• Monitor, interpret and understand policies and procedures and ensure their alignment with organizational strategies and work objectives.
• Plan, organize, prioritize and oversee activities to efficiently meet objectives.
• Organization and time management sufficient to prioritize workload, handle multiple tasks, and meet critical deadlines
• Review and evaluate recommendations and requirements and to develop appropriate plans or deliver actions required.
• Identifying financial events that affect balancing and reconciliatio n.
• Reconciling and correcting share discrepancies.
• Bachelor’s: Accounting, Bachelor’s: Finance, High School (HS) (Required)
• General Experience - 4 to 6 months

Responsibilities

• Follow a range of mandatory procedures to ensure that work is carried out to the required quality standards and/or to ensure adherence to external regulatory codes and internal codes of conduct.
• Carry out operational tasks by following established processes. May involve adjusting basic settings or parameters in order to meet performance standards.
• Use standard office software to carry out basic formatting of letters, memoranda, and routine reports.
• Conduct data entry into company systems, and review and verify the information to ensure accuracy and accessibility.
• Uses position management reconciliation system to accurately identify and resolve position breaks.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 5,001-10,000 employees