Operations Analyst (Mutual Fund Income & Automated Cash Investment Analyst)

Location:

4900 Tiedeman Road - Brooklyn, Ohio 44144-2302

Qualified candidate must be able to report to the Tiedeman Offices in Brooklyn, OH at least 2 days per week.

ABOUT THE JOB

The Mutual Fund Income and ACI Analyst is responsible for the posting of mutual fund income cash and reinvestment activity to the trust accounting system. The analyst is responsible for performing all accounting processes and trading in support of the Automated Cash Investment function (sweep) for all client accounts on the trust custody system and backing up the BIA sweep trading and reconciliation. The analyst reconciles units on a weekly/daily basis to fund company records. The analyst will reconcile statements to the Global Plus trust accounting system on a monthly basis for manually traded funds. The analyst processes all Dividend Option changes requested by the LOB. The analyst would be responsible for researching and resolving reconciliation exceptions within timely standards.

ESSENTIAL JOB FUNCTIONS

• Receive and post cash and/or reinvestment income transactions to the Global Plus custody system from either electronic files, statements or checks

• Process all Class B to Class A conversions

• Process dividend options changes requested by the LOB and research and resolve any dividend option differences between the custody system and the fund company

• Research position outages with the fund companies and work with the appropriate person to resolve the outage

• Reconcile suspense account balances for cash payments to ensure a timely and accurate clearing of funds

• Validate mutual fund statements to the Global Plus custody system

• Perform participant recordkeeping function for 9 money market funds and 1 Floating NAV Money Market Fund (ACI) Daily participant recordkeeping responsibilities include:

• Reconciliation of asset positions between Global Plus and fund company records

• Collects trade information from Global Plus and electronically places trades with the fund companies

• Processes incoming and outgoing wire transfers

• Communicates wire activity to Treasury Operations and fund companies

• Balances Global Plus and trade activity

• Enters income factors on Global Plus

• Reconciles the month to date income and monthly distribution of income for participants

• Reconciles and processes participant income on a monthly basis

• Reconciles ACI Income House Account on a monthly basis and sends to Trust Reconcilement

• Updates Investment Ops Control Meeting books for monthly variances in ACI & BIA

• Reconcile Federated Advisor fees monthly and updated excel spreadsheets to be sent to Revenue Administration

• Reconcile Federated Advisor fees for BIA /Receive and transfer wire to Financial Operations monthly

• Backup to BIA Sweep Trading and reconciliation and 401A 403B managed business

• Participate in the testing of system upgrades of Global Plus

• Create and/or update current procedures as changes occur in the process

• Participate on special projects as necessary

• Participate in Business Reviews and Continuous Improvement initiatives

REQUIRED QUALIFICATIONS

• Four-year degree in Business or Finance OR equivalent work experience.

• Excellent verbal and written communication skills.

• Proven analytical and quantitative ability.

• Knowledge of Global Plus system preferred.

• Prior experience in trust operations preferred.

• Proven experience and success in a team environment.

• Proven problem resolution skills.

• Excellent organizational skills. Ability to manage multiple priorities.

• Proven ability to demonstrate the Key Values.

• Ability to learn detailed processes quickly and function independently with limited supervision.

• Strong peer leadership skills.

Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be mobile or home based, which means you may work either at a home office or in a Key facility to perform your job duties.

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $50,000 to $54,000 annually depending on job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance. Please click here for a list of benefits for which this position is eligible.

Please click here for a list of benefits for which this position is eligible.

Job Posting Expiration Date: 06/28/2024

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.