Settlement & Reconciliation Specialist II

CI Financial•Boston, MA

1d•$30 - $37•Onsite

About The Position

The Settlement & Reconciliation Specialist II supports the processing and settlement of securities transactions and reconciles client cash and asset positions against custodian records. The role monitors executed equity and fixed-income orders, reviews trade confirmations and transaction reports, works with third-party settlement software, and helps ensure accurate tax-lot relief and cost-basis settings. It also supports traders, communicates cash deficiencies and failed trades, maintains transaction records, and coordinates with executing brokers and custodians. The reconciliation function includes researching and resolving discrepancies and reporting account-activity metrics to management. This is a non-exempt position paid according to Massachusetts law. It requires working onsite four days per week in an office environment. The position may involve prolonged sitting and computer use and may require lifting up to 15 pounds. Corient offers employee benefits including retirement-plan matching, subsidized medical coverage, employer-paid insurance, paid leave, flexible spending and health savings accounts, commuter benefits, discounts, training reimbursement, paid professional designations, and volunteer days.

Requirements

Competency with Salesforce, portfolio and order management software, and Microsoft Suite, or ability to learn these technologies quickly.
Proactivity.
Organization.
Time-management skills.
Confidentiality and discretion.
Excellent verbal, written, analytical, and organizational skills.
Ability to identify, meet, and follow through on client needs and requests.
Ability to work independently.
Enjoy working as part of a team.
Flexibility and confidentiality in handling client and firm matters.
Must be at least 18 years of age.
Must have unrestricted work authorization to work in the United States; the posting states Corient hires U.S. citizens or permanent residents for U.S. employment opportunities, subject to stated exceptions.
Must be willing to execute Corient’s Employee Agreement or Confidentiality and Non-Disclosure Agreement.

Responsibilities

Monitor executed equity and fixed-income orders through order management systems and FIX lines for accuracy, and maintain trades in systems to support high levels of straight-through processing.
Review trade confirmations and transaction reports to identify and resolve order-detail issues and help prevent failed trades.
Use third-party settlement software to address trade affirmation and settlement.
Perform quality-control checks of tax-lot relief and cost-basis settings in custody and portfolio management systems.
Promptly report cash deficiencies and failed trades to traders and client service teams.
Maintain transaction files and confirmations in accordance with record-keeping obligations.
Assist traders with placing and processing securities orders.
Stay apprised of corporate actions that may require position adjustments or trades to sell securities outside a stated investment program.
Maintain relationships with executing brokers and custodians to facilitate efficient transaction processing.
Review and resolve differences between the firm’s cash and asset positions and the corresponding custodian records.
Research and work to resolve exceptions.
Provide management with reports on metrics associated with client account activity.