Control Acctng Spec III Job
Control Acctng Spec III (Job Number: 1305171)
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. Additional information is available at www.bnymellon.com.
BNY Mellon Asset Servicing is dedicated to dynamically supporting our clients' investments and safeguarding their assets, keeping them working around the clock and across the world. It's part of our commitment to being a true partner for our clients' investment success. We specialize in operational solutions and capabilities for today's market-enhancing the management and administration of investments with services that process, monitor and measure investment data from around the world. By leveraging BNY Mellon's global footprint and deep expertise, we deliver insight-driven solutions for every phase of investing.
Description
Perform various duties such as review, process, report and reconcile for one of the following Control areas: Adjustments, Commissions, Corporate Actions, Wire Room, or Control Accounting. 1. Functional Team Requirements: ADJUSTMENTS: Review and process corrections to shareholder accounts for all clients Must have good working knowledge of Mainframe Systems to ensure requests are processed accurately. May calculate and process dividend and capital gain corrections to shareholder accounts Submit estimates to Control May assist in preparation of departmental procedures. COMMISSIONS / INVOICING: Daily reconciliation of DDA's, including item research and resolution. May also balance Direct and Trail Commission Cycles, and ensure accurate and timely payments to dealers Other responsibilities may include the daily reconciliation of other DDA's (i.e. tax withholding, IPS, NSCC) Validation of reporting and creation of Fund invoices for Asset based and Account based fees calculated on Surpas. Act as Liason between Management company, Fund Complex, Surpas systems and client services teams in order to answer follow up questions received from the fund companies. CORPORATE ACTIONS: 1. Transfer Agency: Responsible for daily gain/loss and accrual tracking, reporting, research, and escalation of large dollar items to Unit Manager. Intermediate understanding of BNY Mellon mainframes, ACEPlus, and Multi Client Image as they pertain to the gain/loss process. Intermediate understanding of specific client's Gain/Loss policy and procedure. Responsible for update and review of fund file settings, Corporate Actions event setting, and audit confirmations. Intermediate understanding of Management and Fund File options with the ability to establish new funds and/or participate in new client set-up. Participation in group initiatives and training of new employees may be required. Entry and review of nightly prices may be required. 2. Full Service Sub-Accounting and Legacy Systems: Responsible for one or more key functions such as daily accrual proofs and pay reconciliation tracking research, and reporting, distribution entry, and pricing. Intermediate understand of Surpas, OARs, and sub-accounting workflow and concepts. Participation in group initiatives, review of daily work, and training of new employees may be required. Responsibilities for employees supporting Legacy systems will include fund set-up and maintenance, data security, and database events and monitoring. WIRE ROOM: Intermediate understanding of all wire room functions Responsible for entering manual Fed Wires. Performs all check processing functions including manual issuance, stop, voids and replacements. Coordinates the creation of certificates. Confirms ACH transmission files and submits corrections for ACH returns. Utilizes multiple banking systems and mainframe systems to complete daily functions for multiple management companies. Assists with daily volume tracking for management. FINANCIAL CONTROL: Provide daily fund share activity to Fund Accounting agents as well as Custody movement instructions to Custodial Banks using ACE+ pc application. Verify accuracy of gain/loss activity. Perform daily reconciliation of DDA activity using RECON+ pc application. Research and resolve all basic to moderately complex DDA and share reconciling items using various applications such as (but not limited to) TA Mainframe Systems, Wincoins, Impress and Mellon/PNC Bank Software Applications. Prepare and distribute incoming wire reports. Prepare weekly item count reports. POSITIONAL SHARE RECONCILIATION: Responsible for daily position reconciliation between SuRPAS and the fund. Resolve simple to moderately complex out of balance conditions Research and escalate complex out of balance conditions Prepare weekly client reporting 2. Participate in quality programs and initiatives to ensure the highest level of customer service is provided. 3. Help and/or support any ongoing projects as requested by managers or co-workers 4. Complete any required documentation for productivity measurement. Closely follow all regulatory and internal procedures.
Qualifications
KNOWLEDGE: Demonstrates basic understanding of primary duties and the skills required to accomplish them accurately and safely. EDUCATION: High school diploma or equivalent experience Major: JOB-RELATED EXPERIENCE:A minimum of one year ORAL COMMUNICATION SKILLS:Provides or requests routine data and basic information. Answers telephone calls and responds/directs appropriately. WRITTEN COMMUNICATION SKILLS: Little or no written communication. CLIENT CONTACTS: Little or no required contacts. LEADERSHIP: None QUALITY: Checks own work for quality and errors. If error occurs results in minimal impact to the organization. Demonstrates ability to compile basic information, reach conclusions and troubleshoot basic equipment/processes. SUPERVISION RECEIVED: Works under close supervision. Provided detailed instruction on regular and new work assignments or procedures.
Primary Location: United States-USA-PA-King of Prussia
Internal Jobcode: 30642
Job: Asset Servicing
Organization: Global Client Service Delivery-HR06406
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