Custody Operations Associate

1 week ago


Wakefield, Massachusetts, United States Kelmar Full time
About the Role

We are seeking a highly skilled Custody Operations Associate to join our team at Kelmar. As a key member of our Security Operations team, you will work closely with our sub-custodian and clients to execute instructions, reconcile transactions, and ensure all transactions are properly reflected in the client's unclaimed property database.

Responsibilities
  • Perform daily reconciliation of each client account held by the sub-custodian to their unclaimed property database.
  • Review and transfer accounts held at mutual fund companies, brokerage firms, and transfer agents to State's custodial account; maintain detailed tracking of funds transferred.
  • Receive instructions from clients and their unclaimed property database regarding selling and/or transferring shares; execute transactions as instructed using the sub-custodians.
  • Perform manual updates to the clients unclaimed property database as necessary including: transfers, sale proceeds, corporation actions, liquidations, capital gains and dividends.
  • Identify and properly report discrepancies to Custody Accounts Manager / Securities Operations Manager.
  • Ensure security type designations such as mutual funds and common stock are properly identified in the unclaimed property database.
  • Perform research for clients related to corporate actions and individual CUSIP histories; record and provide entitlement calculations upon request.
  • Assist with testing changes to workflows, documents and batch processes as needed.
  • Perform quarterly reconciliation of accounts to ensure worthless securities are identified and updated in the clients unclaimed property database.
  • Communicate with clients regarding a variety of account activities including incoming receipts, corporate actions, worthless securities, un-exchangeable securities, security transfer issues, sale proceeds and status, and any other relevant issues that arise.
  • Assist with special projects when new clients have been onboarded.
Requirements
  • Bachelor's Degree or equivalent combination of education and experience; willing to train the right candidate.
  • Excellent interpersonal and communication skills; will be communicating with external clients.
  • Comfortable with a wide variety of technologies including MS Office, MS Windows, and other types of general computer software.
  • Strong writing and analytical skills.
  • Must be able to work independently learning the expected results from the management team and the ability to execute daily tasks on behalf of clients.
  • Self-starter, since this position can be remote it is reliant on the Custody Operations Associate to complete daily tasks.
  • Must be detailed oriented as daily, weekly, and monthly reconcilements of data will be required.
  • Candidates must be legally authorized to work in the U.S without sponsorship now and in the future.
Benefits
  • Medical, Dental and Vision Insurance.
  • Flexible Spending Plans.
  • Basic Life, AD&D, and Voluntary Term Life Insurance.
  • Disability Insurance.
  • 401(k) Plan with Company Match.
  • Paid Parental Leave.
  • Paid Time Off.
  • Tuition Assistance.
  • Eligible for Discretionary Annual Bonus.


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