General Duties & Responsibilities
Reviews the calculation of daily Net Asset Values on a number of CTFs to ensure accuracy and properly distributed to relevant firms, brokers, and third-party administrators.
Develops expert knowledge of fund accounting, shareholder servicing, and portfolio management software, as well as all department automation relevant to the daily valuation, trading, and reporting of funds.
Reviews reconciliation of shareholder, cash, and security positions between Shareholder Services, Fund Accounting, and Custody systems and ensures all out of balance issues are addressed and documented.
Ensures all held securities are accurately valued daily.
Monitors e-mail for directions applicable to processing on desk.
Responds to client, broker, and TPA (third party administrator) queries concerning fund activity, positions, and NAVs timely and accurately. Reviews operational controls and procedures for adequacy and compliance.
Assists other team members in the completion of their responsibilities and assists with any other ad hoc requests as needed.
Corporate Actions Processor
Reviews Xcitek file and DTC RIPS screen daily for all corporate actions, distributes via email to all affected institutions and records all new and updated Xcitek notifications in Sharepoint for tracking purposes.
Submits reorganization information to appropriate administrator, client or investment manager.
Prepares and distributes voluntary action notifications.
Obtains administrative and client response to voluntary action memorandum, voting them appropriately at the depository.
For internal control and audit purposes, documents and creates checklists for each action.
Monitors and clears control accounts and cash exceptions for non-networked income postings.
Reviews workflows for requests from internal business units and external clients.
Proactively monitors income projections and pre-balance accumulated totals and adjusts income maps to ensure accuracy
Ensures all manual trades are processed correctly.
Bachelor's degree in Accounting, Finance or a related field of study.
Fidelity Information Services