Financial Settlement Analyst
Generate invoices for option premiums, spot and forward trades, executed options and swaps, review for accuracy and email to customers after prices are published and interfaced to the financial settlement system
Verbally or electronically confirm the cash settlement amount and settlement date with counterparties prior to the settlement date
Generate payments for option premiums, executed options, swaps, physical spot trades and broker fees by the respective due dates
Prepare cash forecast for each settlement group and make any necessary updates on a timely basis
Establish customer/vendor numbers for all new counterparties and maintain current bank information for all vendors
Clear offsetting open accounts receivable and payable balances
Reconcile and/or escalate all open account balances in accordance with escalation guidelines including documenting the status of the reconciliation on the open accounts receivable and payable lines
Complete special projects and audit requests as assigned
Promote an environment of excellent execution by implementing continuous improvement in efficiency and effectiveness and providing excellent customer service to counterparties and colleagues
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