Title Reconciliation and Control Administrator
Job Information

(Respond to: diane.katz@primesoftinc.com)

Reconciliation and Control Administrator

New York, NY, US

Full Time Salaried Positions plus bonuses

Candidates must have Green Cards or be US Citizens

Positions are Hybrid (25% in office; 75% from home)

Our Financial Banking Client seeks a driven Reconciliation and Control Administrator to support the Trust Middle Office in to in working with the Bank’s outsource partner, FIS, providing trust and custody services. The Reconciliation and Control Administrator will work with both internal and external auditors to support Trust audits and perform reconciliation activity. This role will assist with gathering information for regulatory and management reporting.

Essential Job Functions:

  1. Provide reconciliation services for the Trust Middle Office, including reviewing exceptions reported by FIS, and reconciling the Trust DDA, as well as the Trust check issuance DDA.  Also, act as escalation point for reconciliation related issues and exceptions
  2. Review daily, weekly, monthly, quarterly, and annual FIS management reports
  3. Monitor and track audit requests from internal and external auditors.  Request information as necessary from other Bank departments, Trust Middle Office personnel, and from FIS through reports and requests submitted electronically, or by working with FIS personnel
  4. Assist in the review of the FIS daily trade blotter related to the daily net settlement with FIS
  5. Reconcile various general ledger accounts utilized by Trust Middle Office
  6. Review and respond to FIS reconciliation reports, especially the daily cash and securities reconciliation, and assist in clearing any differences referred to the Bank by FIS
  7. Provide daily reports as necessary, including providing the Fed Funds sheet report of cash movements in and out of the Trust Middle Office to the Accounting Department and the report of daily wires sent to the Electronic Banking Group
  8. Assist with the daily review of the FIS settlement blotter and approve the daily net settlement of funds to be wired or received for the daily net settlement
  9. Comply with existing operating procedures and maintain records on all authorized signers for both the client and the investment managers
  10. Provide general support to the Trust Reconciliation and Control Manager as needed, including but not limited to researching and resolving customer inquiries and other daily activities
  11. Cross train on the Operational Services Administrator and Client and Outsourcing Support Administrator roles
  12. Perform other duties as directed

Knowledge, Skills and Experience Requirements:

  1. Bachelor’s degree or equivalent work experience
  2. Excellent analytical skills
  3. General knowledge of securities industry’s policies and procedures
  4. Comprehensive knowledge of the accounting principles, reconcilement process and operational requirements relevant to equities fixed income, financial futures and options
  5. Good oral, written and interpersonal skills
  6. Excellent knowledge of computer software applications (MS Word, Excel, Access) and computerized reconciliation methods

Phone Number: 561-573-1581