Job Description

The Control Utility Team will support multiple business lines including securities lending, benefit payments and 401k operations.  

The successful candidate should have a desire and ability to learn quickly, as well as someone who is a self-starter and team player.  A positive mindset and a demonstrated curiosity on how to improve processes are essential to success in this role, and future advancement opportunities.

 Some roles of this position include:

• Reconcile several payment accounts on a daily basis and apply a proactive approach to monitoring cash break items
• Achieve a working knowledge of each of the business lines supported by the team - Including revenue and cash flows for each
• Track the accrual and payments of loan interest on a daily, monthly, and annual basis
• Monitor the correct processing and delivery of wire and ACH payments and be able to investigate the root-cause analysis of any issues that may have occurred
• Understand and analyze business system reporting capabilities and explore ways to improve reports
• Account for and certify all internal account balances on a monthly basis
• Track and log any manual transactions made between ERISA qualified accounts
• Handle a larger work and reporting load during the change of months
• Build an awareness of Financial and Operational Risk and be proactive in offering insights into how to better manage them
• Support internal clients at various career levels and ensure that requested information is provided promptly and concisely
• Close down the data capture system at the end of the day to ensure that all journal entries are posted to the proper ledger

 

 KEY PERFORMANCE AREAS:

• Ensure adherence of operational procedures to complete tasks in an accurate and timely manner 
• Analytical ability to understand cash flows, business systems, and operating models
• Experience in business writing with ability to compose clear and concise emails to stakeholders at various levels of an organization
• A strong understanding and commitment to preserving client confidentiality and material non-public information
• Ability to perform in a fast paced environment and handle multiple tasks through effective prioritization
• Ability to work both independently and as a contributing member of a larger team
• Ensure to document procedures and identify requirements for additional controls as required
• Ability to understand key department metrics and a curiosity of new ways to interpret them
• Respond to internal client inquiries in a timely manner with concise accurate information

 

 Minimum Qualifications & Skills:

• Proficient working knowledge of Microsoft Office applications (MS Word, MS Excel, MS PowerPoint & MS Outlook)
• Experience with reconciliation, budgeting and financial reporting
• Strong written communication skills
• Effective time management and prioritization skills
• Ability to work under pressure and may be required to be flexible in work hours
• A careful attention to detail while operating within a control environment

 

Preferred Qualifications & Skills:

• Bachelor’s Degree
• Preferred Majors include: business, accounting, or finance field is recommended
• Educational experience with Information Systems is also a desired quality
• A basic understanding of SQL Concepts or data manipulation tools
• Work experience within a financial services related organization
• An understanding of or experience with using Visual Basics

 

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