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Investment Operations Representative in Westlake, TX at Veritude

Date Posted: 9/18/2018

Job Snapshot

  • Employee Type:
  • Location:
    Westlake, TX
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description

Veritude is hiring an Investment Operations Representative to work at Fideltiy in Westlake, Texas.  Fidelity’s Fund Operations team provides accounting and pricing services to all of the Fidelity Retail and Institutional products, supporting multiple asset managers (i.e. FMR, SAI, GEODE, FIAM, FIJ and FIC).  These services include books and records maintenance, securities’ pricing, and net asset value, yield and distribution rate calculations. 

Specific areas of focus for the Reconciliations Services Group Group Include:

  • Managing and reporting daily reconciliations for multiple asset managers
  • Assessing enterprise strategy, multi-year plans and operating plans
  • Providing support to cross-company initiatives
  • Managing business practices to ensure the alignment of planning and execution 

The Reconciliations Representative II will report to the Manager of Reconciliation Services.  The Representative II role will include a combination of research and resolution of our daily exceptions, support of our internal and external business partners, as well as ongoing project support.

The ideal candidate is comfortable with change and ambiguity, can work independently and as part of team, is open to new ideas, and thrives in a fast paces environment.

Primary Responsibilities

  • Reconcile Fidelity account activity with Custodian Banks.
  • Research and resolve cash exceptions with the appropriate custodian bank.
  • Utilize resources and follow escalation procedures
  • Assist management with providing exception status reports to internal business partners.
  • Provide daily support of business relationships with fund accounting and custodian banks
  • Accountable for accurate and timely reconciliations and exception resolution, along with successfully researching discrepancies.
  • Provide timely customer service to internal and external business partners

Education and Experience 

  • 0-2 years of relevant industry experience
  • Bachelor’s Degree expected, preferably in either Accounting, Finance or Economics

Skills and Knowledge

  • Basic understanding of reconciliations and industry regulations
  • Develops proficiency in  across multiple security types/products and their process flows
  • Basic understanding of cash & securities movement
  • Basic knowledge of processes, systems, and tools used by the teams to perform reconciliations (i.e. Frontier)
  • Basic understanding of accounting principles
  • Basic understanding of the various elements of NAV, Mil or Yield calculation
  • Strong computer skills, knowledge of Microsoft Office Products (such as Word or Excel)
  • Ability to manage multiple tasks effectively
  • Ability to recognize high risk items and escalate those items or seek assistance to minimize potential loss to either the shareholder and/or Fidelity