Financial Control Analyst
2 days ago
This position will work 7:30am-4pm, M-F
ADP is hiring a Financial Control Analyst. In this position, you will provide support to the Trading group.
At ADP we are driven by your success. We engage your unique talents and perspectives. We welcome your ideas on how to do things differently and better. In your efforts to achieve, learn and grow, we support you all the way. If success motivates you, you belong at ADP.
We strive for every interaction to be driven by our CORE values: Insightful Expertise, Integrity is Everything, Service Excellence, Inspiring Innovation, Each Person Counts, Results-Driven, & Social Responsibility.
CORE RESPONSIBILITIES:
- Reconciliation of liabilities (records) to assets (Mutual Fund Positions): Performs daily share balance reconciliation between the records of the record keeping system to those of the trust. Researches and resolves all discrepancies arising from variances between the two holdings.
- Investment Trading: Places, confirms, and instructs for settlement of the investment trades per the direction of the participants, beneficiaries, and plan sponsors. Researches trade discrepancies or unconfirmed trades. Reports on daily trade activity to both internal and external parties. Works with various investment firms to initiate account opening and trading relationships.
- Investment Pricing and Performance: Obtains pricing and performance information from investment firms and other contracted parties. Validates the accuracy of this data through various checks and balances. Applies this information to the record keeping and ancillary systems. Performs these functions by specified deadlines.
- Cash Reconciliation and Money Movements: Performs daily cash reconciliations for the established demand deposit accounts (dda's). Instructs the trustees and custodians on money movements associated with these dda's. Researches and resolves all discrepancies arising from variances in the reconciliation.
- Dividend Analysis and Postings: Acquires and posts all dividend transactions to the record keeping system by the established time frames. Researches and resolves all global dividend discrepancies.
- Check writing: Performs all activities necessary to complete the daily production of retirement plan checks. Ensures payments have been processed into the check writing system, reconciles the output to various reports, releases the checks to print, instructs on wire payment, and quality checks the output. Troubleshoots daily system issues and any reconciliation items.
- Tax Reporting: Performs Federal and State withholding, depositing, and reporting responsibilities. Performs reconciliations between the record keeping system and the tax reporting system. Identifies discrepancies and resolves them through multiple processes. Performs functions timely to reduce and eliminate fines, interest, and penalties. Identifies new tax legislation and the impact on our applications. Communicates to impacted parties including producing/documenting enhancements to our applications. Acts as a resource for all in RS for knowing, interpreting, and communicating tax legislation.
- Analysis/Problem-Solving: Possesses and applies knowledge of the completion of moderately difficult to complex assignments.
- Accounting Systems and Other Financial Control Applications: Possesses broad knowledge of many accounting systems, and may recommend changes to currently used systems to expedite problems. Develops, tests, documents, and implements these enhancements.
- Special Studies/Projects: Conducts studies that lead to the development and/or recommendation of accounting methods and procedures. Handles various accounting projects on an as-needed basis (for example tax returns and forecasting for budgetary purposes).
QUALIFICATIONS REQUIRED:
- Bachelor's degree in Accounting, Finance, or equivalent in training and experience.
- 1 to 3 years of general finance/financial control experience.
PREFERRED QUALIFICATIONS: Preference will be given to candidates who have the following:
- Communication Skills: Uses effective communication skills to consult with clients.
- Presentation Skills: Communicates with clients and employees at all levels professionally and effectively.
- Problem Analysis / Resolution/ Negotiation: Gathers information necessary to make decisions and implement actions.
- Teamwork/Collaboration: Partners with fellow associates, supervisors, and departments; contributes and exchanges knowledge and skills to meet group needs and goals; participates in resolving issues.
- Customer Focus: Demonstrates a strong focus on customer service.
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