Senior Associate _ Reconciliation

Job Title: - Senior Associate _ Reconciliation

About STP

From Pennsylvania to India STP Investment Services is rooted in a culture that focuses on employee growth, professional development, and a team-based, collaborative environment. STP was formed in 2008 with one client, five employees, and $2B in assets under administration. Today, were an award-winning, industry-leading fintech and global investment operations firm with headquarters in West Chester, PA, and Bangalore, India. None of our company's success would have been possible without the incredible team members who live our values every single day. Across our firm, from the US to India, STP is rooted in a culture that focuses on employee growth, professional development, and a team-based, collaborative environment.

Benefits of Working with STP

• Flexible Work Environment
• Competitive Compensation & Employee Benefits
• Bouquet of Rewards & Recognitions
• Work-Life Balance
• Continuous Learning Opportunities
• Be Part of an Inclusive Culture

We recognize the value of inclusion and diversity in culture, thought, and in experience, which is why we are honored to receive the following awards.

Roles and Responsibility

• Handling end-to-end daily cash reconciliation and position reconciliation of transactions for multiple products, i.e., derivatives, equities, fixed income, corporate actions, trades, etc.
• Reconciliation of custodian records with accountings.
• Responsible for clearing aged breaks and investigating the unreconciled difference, resolving the issue, and keeping the valid breaks.
• Processing of corporate action in application
• Set-up of different type of securities in application
• Responsible for feeds loading status from the Custodian and Investment manager side.
• Engage with client contacts and custodian banks to resolve issues within established guidelines.
• Resolve complex transaction break queries by reaching out to custodians, clients, and other departments with proper investigation.
• Finalizing the true breaks and preparing the posting entries related to daily expenses, income, and trade adjustment postings.
• Handling client queries and raise issues with clients related to the process.
• Maintain accuracy levels as per client standards and meet SLAs.
• Strive for customer satisfaction and prioritize Client Delight.

Required Skill Sets

• years of experience in investment Banking or Financial market industry.

• Should have a good understanding of Reconciliation and resolving discrepancies.

• Sound understanding of middle and back-office operations within a typical asset management firm.

• Good business domain knowledge in the mutual fund / Hedge Fund / SMA, including an overview of portfolio management and accounting.

• Good knowledge and understanding of Corporate Action and Fixed Income products.

• Good knowledge of different asset classes.

• Knowledge of Posting of different kinds of transactions like Paydown, Coupon, Contribution/Withdrawal, etc.

• Proven initiative-taking ability, and the capability to drive such initiative across the unit.

• Excellent analytical and problem-solving skills.

• Exceptional verbal and written communication skills.

Additional Skill Sets

• Knowledge of accounting platforms, e.g., APX, Axys would be an added advantage.

• Knowledge of reconciliation tools e.g., REX would be an added advantage.

• Good knowledge of MS Excel.

Behavioral Skills

• Eagerness to Learn and grow.

• Clear articulation of ideas and issues.

• Setting and achieving realistic and challenging goals.

• Dealing effectively with pressure and maintaining focus under adversity.

• Effective sharing of information and communication within teams.

• Openness to feedback and continuous improvement.

Qualifications

• Bachelor's degree in accounting, Finance, Information Systems, or related field required.

• Master's degree in finance/accounting

Process Shifts:

• The person should be flexible to work in shifts.