Senior Reconciliation Administrator recruitment
About the Firm
Sands Capital Management, LLC is an independent investment management firm located in Arlington, Virginia, minutes from downtown Washington, D.C. Since its founding in 1992, Sands Capital Management has managed a long only, concentrated portfolio of 25-30 large capitalization stocks selected through a rigorous fundamental research process that aims to identify high quality growth businesses. This flagship strategy has been expanded over recent years to include Global Growth, Technology and super- concentrated portfolios, all based on the same long-only, concentrated, growth investing principles. We are one of the largest investors in many of the world’s leading companies including Google, Amazon, Visa, and Apple. We have compiled one of the strongest investment track records in the large cap growth space and currently manage over $19 billion in client assets.
Position Responsibilities
The Senior Reconciliation Administrator must assure accurate client transaction records and provide settlement support. The primary relationship responsibility is Schwab. The Reconciliation Administrator is responsible for all activity, to include trade settlement through reconciliation for Schwab book of business. Other custodians will also be assigned for reconciliation.
Specific position responsibilities include:
• Reconcile client account transactions on Advent Software’s Axys (portfolio management system) with client custodian’s (bank or brokerage firm) transactions using interfaces, web sites and/or statements on a timely and ongoing basis.
• Reconcile Advent Software’s Axys (portfolio management system) with client custodian (bank or brokerage firm) holdings (market value comparison) on a monthly basis.
• Process client cash and/or security withdrawal and/or contribution requests and coordinate with portfolio managers to assure appropriate investment action is taken.
• Assure our receipt of monthly client statements, prepare for filing and file.
• Communicate within reconciliation department and operations as a whole to assure a successful team effort.
• Cross train on ACD interfaces of other administrators.
Additional Responsibilities
• Answering client audit requests
• Creating and sending monthly and quarterly reporting to custodians, etc.
• Compiling and distributing Daily Mutual Fund Cash Flow Report
• Updating corporate actions in Advent and when needed, LVTS
Necessary Skills/Qualifications
• 5 - 7 years of experience in Banking or Financial Services Industry
• Knowledge of Advent software: Axys, APX, Dataport and Rex
- Superior attention to detail and accuracy
- Excellent problem solving skills
- Ability to stay interested and engaged in a repetitive environment
- Ability to work independently
Additional Information
To be considered, candidates must submit a resume that specifically outlines your qualifications for the position.
If you wish to apply for this position, please e-mail your resume to recruiting@sandscap.com. Please place the job title in the subject line of your email.
We offer competitive salaries and generous benefits.
Sands Capital Management is an Equal Opportunity Employer.