Reconciliation Specialist

Job Summary

Performs basic Control Department functions under close supervision with a focus on Cash Reconciliations. Performs all responsibilities in compliance with established policies, procedures, standards and deadlines.Principal Responsibilities

?  Interacts with numerous departments at Boston Financial, State Street Bank and/or other custodian banks, clients, and other client service providers on a daily basis to exchange information and resolve problems of limited complexity within specified deadlines.

 

?  Maintains appropriate files, records and reports as required.

 

?  Identifies and researches problem/exception items and works to find appropriate resolutions. Escalates problem items to more experienced associates.Cash ReconciliationPerforms internal and external reconciliations of  small to medium volume accounts of limited complexity.  Initiates money movements between transfer agency and clients? banks (SSB and others) through automatic or manual transmissions (wire transfers) as appropriate. Balances incoming and outgoing cash to transactions processed and  movement of funds. 

 

?  Identifies, researches and resolves unreconciled items of a varied and moderately complex nature.  Follows up with appropriate internal or external parties to trace down problems so items can be reconciled within established time guidelines.

 

?  Provides cash & share positions to custodian banks as needed throughout the day which require a reconciliation of actual and estimated purchases and redemptions.

 

?  Works with Control?s Central Support Group in the request of manual checks and wire transfers.

 

?  Assists in the research and resolution of bounced checks and/or Automated Clearing House (ACH) rejects.  Carries out related administrative tasks such as faxing of data to client banks and other external entities as needed.

 

 

 

Job Title:    Control Specialist IDividends

?  Data enters daily dividend accrual information on to the Control workstation.

?  Works with client fund accounting groups to obtain necessary daily dividend rate information.

?  Assists more experienced associates identify accrual differences.Job QualificationsKnowledge

?  Some knowledge of accounting or bookkeeping procedures.

?  Knowledge of PC software required including office applications.