Fixed Income Operations / Settlements

Company: Soni Resources Group
Location: Walton
Posted on: February 24, 2021

Job Description:

Our Investment Management client is looking for a Fixed Income Operations Associate to join their growing team.Process the daily accounting function for institutional fixed income accounts as well as monthly cash and asset reconciliations. All work should be completed timely and accurately and reflect a solid understanding of company Operations guidelines. The account load consists of fixed income strategies with a range of 35-40 accounts depending on the account complexity.--It is expected that the Specialist will proactively participate in the enhancement of workflows and processes to support greater efficiency.Key ResponsibilitiesFunctions include but are not limited to the following:* Ensure the integrity of all portfolio accounting data (daily and monthly).* Reconcile cash balances, positions and trial balance* Research and resolve reconciliation exceptions* Escalate material breaks timely to a manager* Understanding of accounting methods (accruals, principal & income) used at the firm and across custodians.* Cash flow processing* Support Investor Services team when account events take place (new accounts, transfers and terminations)* Identify and resolve failing trades:* Understand relationship between the firm/custodian/brokers and communicate effectively* Prioritize TMPG claimable fails and execute partial trades when needed. Document fails that result in TMPG claims. * Settlement process* Working knowledge of different securities (Asset-Backed, Mortgage-Backed, Corporates, Treasuries, TBAs and Futures) and their settlement method* Understand collateral management and relationship to trading activity* Research and resolve margin wire breaks when necessary* Confirm corporate action events in real time* Responsible for overdraft monitoring, documentation and resolution* Understanding of short term vehicles and the rate update process* Responsible for one or more junior level team functionsRequirements* Bachelor's Degree preferably in Economics, Finance or Accounting* 1-3 years of relevant experience working with fixed income products preferably in Asset Management* Proficient in MS Excel, with an ability to learn new systems* Highly organized and detail-oriented* Ability to multi-task and prioritize* Demonstrative knowledge in Fixed Income and derivative securities and their relevant transaction postings on the asset manager's books* Strong understanding of monthly reconciliation standards* Strong quantitative/analytical skills* Strong written communication skills; ability to communicate internally (upper management, Portfolio Manager's or compliance) and externally (custodians & brokers)* Experience with TLM Smartstream and Eagle Star a plusPLEASE NOTE WE ARE NOW ABLE TO SPONSOR A VISA FOR THIS POSITION SO WILL ONLY BE SPEAKING WITH PEOPLE WHO ARE CITIZENS OR GREEN CARD HOLDERS

Keywords: Soni Resources Group, Scranton , Fixed Income Operations / Settlements, Other , Walton, Pennsylvania