Mutual Funds New Accounts Speciaist
GENERAL FUNCTION
The New Accounts Specialist is primarily responsible for the setup and maintenance of new mutual fund accounts, as well as the maintenance, tracking, and updating for the various company Lines of Business. The Specialist works closely with the Relationship Officers, mutual fund companies, brokers, and others as applicable to assure quality. The Specialist is expected to help answer questions, coordinate work-flow, monitor key controls, contribute to procedural development and implement changes as appropriate.
- Use your initiative to complete repetitive work with little direction.
- Develop strong knowledge of systems and available tools utilizing system documentation
- Gain an understanding of the various trading and revenue relationships with mutual fund companies and the agreements surrounding those relationships
- Assist mutual fund trade settlement in problem resolution with mutual fund companies
- Carry out assigned tasks necessary to ensure successful set-up, maintenance, tracking, and updating of mutual fund accounts. This includes the confirming of mutual fund dealer information with fund companies and business lines
- Demonstrate ability to follow instructions and have the confidence to ask questions when uncertain.
- Provide high quality and accurate administrative and routine reporting to management
- Maintain high fiduciary standards to prevent losses due to administrative errors regarding broker of record
- Review, assess, and update procedures to ensure that all current processes surrounding new account setup and broker of record assignment are properly documented
- Perform other projects, research, processing and reporting assignments as directed.
POSITON REQUIREMENTS
- Bachelor’s Degree in an applied science
- Strong attention to detail
- Demonstrated aptitude for learning computer systems
- Working knowledge of Microsoft Office applications including Word, Excel and Access
- Excellent verbal and written communication skills
- Ability to work effectively under pressure, meet deadlines and adapt easily to change
- Ability to organize and set priorities
- Teamwork orientation
- Mutual Fund broker of record or comparable experience a plus
- Trust experience a plus
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