Job Summary:
The Reconciliation Associate is responsible for comparing investment portfolio data from external sources with an advanced web-based system. Their primary responsibility is to guarantee the prompt and precise delivery of comprehensive portfolio status updates to clients on a daily basis.
Responsibilities:
* Meets daily deadlines for the review and update of reporting data. * Investigates and takes action on identified issues within the reconciliation system through problem-solving, seeking support from mentors and department experts as needed. * Creates and maintains valuable relationships with data providers, clients, and internal stakeholders. * Contributes feedback to product teams on internal projects as requested. * Demonstrates familiarity and competency with internal tools and processes. * Understands financial concepts and can apply them to reconciliation errors. * Effectively communicates with internal and external parties to submit inquiries and provide timely updates on relevant issues.
Required Skills:
* Basic understanding of investment, financial, and accounting concepts. * Finance and/or accounting experience preferred. * Knowledge of GAAP and/or IFRS will be an added advantage. * Basic understanding of standard security types. * Securities or financial markets experience preferred.
* Advanced ability in Microsoft Excel (VLOOKUP, SUMIF, Pivot Tables, VBA, etc.) preferred. * Strong computer skills, including proficiency in Microsoft Office. * Excellent attention to detail and strong documentation skills. * Outstanding verbal and written communication skills. * Strong organizational and interpersonal skills.
* Exceptional problem-solving abilities.
Education and Experience:
* Bachelor's degree in a finance-related and analytical field. * 2+ years of directly applicable experience (reconciliation, accounting, or finance)