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Reconciliation Representative (563) | Chicago, IL

Reconciliation Representative (563) | Chicago, IL 
 
RESPONSIBILITIES:
Daily account reconciliation of open-end mutual fund business between transfer agency and custodian bank
Reconcile Subscription, Redemption, NSCC, and Tax DDA’s using back office systems
Produce/balance reports disseminating monetary values/share counts for firm, in correlation with custodian
Research to identify/resolve any imbalance related to fund values or share counts within a timely manner
Perform internal money movement via SSB&T Cash Manager
Monitor/facilitate reporting related to trade correction gain/loss impact(s)
Monitor accrual for Money Market Fund
Verify validity of redemption fees
Execute/monitor outstanding checks and ACH/wire transmissions daily
Support meetings with custodian bank; provide ongoing feedback to support monthly/quarterly relationship management
Execute dealer fee payment to broker/dealer or financial intermediaries within timely manner
Monitor foreign shareholder population and tax related matters, such as FATCA
Support distribution of shareholder tax forms; complete tasks delegated by Universal and/or Sr. Universal Reconciliation Representative
Assist in external/internal audits when necessary
 
REQUIREMENTS:
Bachelor’s degree required, preferably in Accounting, Finance, or business-related area
1-2 years of financial services industry experience preferred
Prior experience within fund accounting or mutual fund tax role preferred
FINRA Series 6 within three (3) months
Thorough understanding of mutual funds; general knowledge of individual tax forms related to capital gains/dividend distributions; ability to shift focus depending on needs of department/team
Strong technical abilities in Microsoft Office (Outlook, Word, Excel, SharePoint, etc.)