Senior Settlements Administrator

Empower Annuity • Greenwood Village, CO

127d • $49,300 - $67,825 • Remote

About The Position

As a Settlements Administrator on our Investment Operations team, you will play a key role in ensuring trades and derivative transactions flow smoothly from execution through settlement. You'll partner with traders, brokers, custodians, and other internal teams to resolve discrepancies, reduce failed trades, and keep complex domestic and international investments moving accurately and on time. This is a detail-driven role where your expertise will help maintain the integrity of Empower's accounts and investment portfolios.

Requirements

• Bachelor's degree in Accounting, Finance, related field, or equivalent experience.
• Three (3) years of directly related experience in the investment administration area of a financial industry firm.
• Without a degree, an additional two (2) years of directly related experience is required.

Nice To Haves

• Strong knowledge of securities and derivative products and settlement methods.
• Intermediate to advanced proficiency in MS Office, particularly Excel.
• Must be detail-oriented and able to work within prescribed deadlines.
• Must possess strong analytical/problem-solving, organizational, and written/verbal communication skills.

Responsibilities

• Ensure that internally executed trades flow properly from the Front Office system to the Accounting System.
• Confirm trades with the Counter parties using a variety of automated trading platforms.
• Notify custodian banks of pending trade settlement and ensure that trades settle properly.
• Monitor failed trades and work with counter parties and custodians to reduce failed trades.
• Investigate and resolve discrepancies with brokers, custodians, sub-advisors and Empower traders.
• Update factors and settle cash with brokers as needed on structured securities.
• Set up security master files on accounting system using Bloomberg and IDC as source system information whenever possible.
• Review SMF s set up in On-Base system.
• Set up derivative instruments in the accounting system based on trade blotters from outside managers and instructions from GWF traders.
• Reconcile margin cash movements with counter parties and ensure that funds transfers are complete.
• Process swap payments for general accounts communicating and confirming payment details with counter parties.
• Fund new private placements, communicating with GWF's traders and legal group.
• Ensure that proper approvals and documents are in place prior to funding.
• Open new global accounts at custodian bank for international portfolios ensuring that necessary documents are provided.
• Process sub-advised trades for the more complex portfolios which may include dollar rolls and TBA transactions in accounting system using automated trade load messages and vendor provided files wherever possible.

Benefits

• Medical, dental, vision and life insurance
• Retirement savings - 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup
• Tuition reimbursement up to $5,250/year
• Business-casual environment that includes the option to wear jeans
• Generous paid time off upon hire - including a paid time off program plus ten paid company holidays and three floating holidays each calendar year
• Paid volunteer time — 16 hours per calendar year
• Leave of absence programs - including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)
• Business Resource Groups (BRGs) - BRGs facilitate inclusion and collaboration across our business internally and throughout the communities where we live, work and play. BRGs are open to all.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree