Fund Administrator Job

Fund Administrator (Job Number: 1310605)

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com .

BNY Mellon Asset Servicing assists clients worldwide to enhance the management, administration and oversight of their entire investment process by giving them the tools and information they need to make better decisions.

Description

Job Purpose:

This role involves supporting the net asset value (NAV) production teams by producing cash and asset reconciliations, performing all related functions and completing full, accurate and thorough investigation and follow up of all reconciliation items. It involves understanding the processes, controls, procedures and systems operating within the team, being proficient in carrying out designated functions and performing duties to an excellent standard ensuring we provide accurate and timely services to other teams and clients.

The desired candidate should be enthusiastic, flexible and have the drive to be successful while working in a dynamic and challenging environment. He/She should be a team player, focused on consistently achieving team goals. We anticipate significant growth in the team and this will offer opportunities for employees who wish to develop and progress their careers in line with the team's expansion.

Responsibilities
Main responsibilities:
Completion of accurate and timely cash and asset reconciliations for assigned funds within agreed deliverables.
Learn and become fully proficient on the Winnar and ASR reconciliation systems.
Ensure familiarity with and proficiency on all systems required for completion of reconciliations.
Reconcile cash and asset balances correctly between the Accounting and Custody platforms.
Ensure all reconciliation items are identified and investigated fully, are clearly narrated and all backup for such is included in the reconciliation pack.
Ensure all cash and asset breaks are clearly narrated in agreed format providing cause, action and expected resolution of each item.
Ensure all reconciliations are submitted to the Supervisor for review in a timely manner and within set deadlines.
Ensure each reconciliation pack submitted for review is of the required standard, quality and accuracy.
Investigate and follow up on all aged and material cash and asset items within agreed timeframes and per agreed procedures. Effectively escalate aged and material positions to management and other appropriate parties.
Provide timely and accurate responses to all queries from valuations and other internal departments and clients.
Support and assist with any ad-hoc tasks or project initiatives as required whilst effectively completing normal daily tasks.
Complete and assist the Supervisor with the production of MIS and KPI reporting.
Follow defined procedures in all aspects of cash and asset reconciliations.
Build and foster good working relationships with other internal departments and external parties as appropriate.

Team deliverables/Teamwork:
Actively review and update working procedures as required and to support the necessary training needs of other team members, under the guidance of the Supervisor.
Develop and gain an in-depth understanding of the financial products being reconciled. Work to improve and gain an increased understanding of all processes and products you come across as part of your work daily.
Flexibility in attendance to support completion of and achieving team goals.
Coach, advise and train other team members on systems, processes and procedures as required.
Take on additional tasks helping other team members who may need assistance and to provide cover.
Work with other team members to resolve issues.
Participate in cross training to ensure effective annual-leave cover within the team
Procedures and policies:
Adhere to BNY Mellon standards, procedures and controls. Maintain filing/IT drives in an orderly manner, suitable for review by management and auditors.
Review company policies/procedures and notify of any operational inconsistencies or where documentation needs to be updated.

Qualifications

Job Skills Knowledge:

Essential skills:

• Ability to work under pressure while consistently meeting tight deadlines.

• Excellent written and verbal communication skills.

• Proactively manage and organise workflow on a daily basis.

• Accuracy and attention to detail is imperative.

• Focused attitude towards work and daily processing requirements.

• Proficient knowledge of Excel, Word and Lotus Notes is a requirement.

Desirable skills:

• Good knowledge of Funds would be a strong advantage, but not essential.

• Experience within the financial services industry would be beneficial.

This role does not fall under the FSA TC Scheme and the postholder will not have to complete the Investment
Administration Qualification within 2 years of appointment.
Primary Location: Manchester, Manchester, GB
Internal Jobcode: 50657
Job: Asset Servicing
Organization: Global Client Service Delivery-HR06406

September 28, 2013 • Tags:  • Posted in: Financial

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