Custody Accounts Manager

Location: Wilmington, DE
ID: 413
# of Openings: 1

Reporting to Senior Manager of State Services, the Custody Accounts Manager will use their experience in the securities industry to manage all day-to-day correspondence and research for Kelmar's clients' unclaimed property securities portfolios. The candidate will be a self-starter who works closely with Kelmar's sub custodian and clients to execute instructions and provide guidance and research when necessary. This position can be located in any of Kelmar's offices included Rockland, MA, Wakefield, MA, or Wilmington, DE with the option to also work remotely.

Job duties include, but are not limited to:

• Develop and maintain procedures for opening and maintaining state unclaimed property custodial accounts with a sub-custodian
• Enhance personal expertise in government registered custodial accounts
• Hire and train staff building a department to adequately onboard and service new clients
• Design and implement automated transmission of files from sub-custodian to Kelmar's unclaimed property database also used by client with the goal of decreasing manual intervention of some tasks including reconciliation between custodial account and unclaimed property database
• Receive instructions from clients regarding selling and/or transferring shares; execute transactions as instructed using the sub-custodians
• Perform research for clients related to corporate actions and individual CUSIP histories; record and provide entitlement calculations upon request
• Ensure that contractual requirements for clients are followed including invoicing, transfer of accrued cash, and monthly reporting
• 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
• Implement customized reporting using sub-custodian's platform to inform clients of account status and transactionsReview and transfer accounts held at Mutual Fund companies, brokerage firms, and transfer agents to State's custodial account

REQUIREMENTS

• The ideal candidate has 5 years of securities industry experience; unclaimed property experience is a bonus
• Must be able to work independently learning the expected results from the management team and executing an action plan for onboarding and serving new clients
• Enthusiasm for creating new processes and developing teams
• Travel to Kelmar Offices or client locations may be required up to 5% of the time
• Excellent interpersonal and communication skills; will be communicating with external
• Comfortable with a wide variety of technologies including MS Office, MS Windows, and other types of general computer software
• Candidates must be legally authorized to work in the U.S without sponsorship now and in the future

Kelmar Associates is an equal opportunity employer

PM20

PI147141843