Valuation specialist

JOB DESCRIPTION

The Panther Group has an immediate need for a Trust Fund Valuation Trading Specialist for our client, a large financial institution in the Wisconsin area.

Eligible candidates must be willing to commute to Green Bay, WI

RESPONSBILITIES

• Under limited supervision, calculate the net asset value of the Trust Company's Collective and Unitized funds daily and Common funds weekly and at month-end.
• Responsible for processing a variety of complex operational functions including (but not limited to) : trading, class action processing, held away account transactions and reconciliation, monitoring and processing all outgoing domestic and international wires, ensuring broker statements are received for all applicable positions and researching and pricing positions not priced by the Trust Company's pricing service.
• Calculate the Net Asset Value of Collective and Unitized funds daily.
• Verify accruals, transaction activity and pricing on assets held in the funds for accuracy. Determine where prices need to be manually adjusted.
• Send prices to the broker / dealer to ensure accuracy and execution of trades in order to post plan / participant trades.
• Monitor all equity and bond trading for the Trust Company, including for assets not publicly traded.
• Review trade confirmations received to ensure trades initiated from the broker are accurate, allowing for timely affirmation and settlement through the depositories.
• Work with Trust Investments and outside investment managers to resolve any trade discrepancies.
• Assist directed account customers with trading, questions and special requests.
• Establish new securities on the Trust accounting system to ensure timely settlement, proper collection of income and dividends, pricing, and proper taxation for the various Trust accounts.
• Monitor domestic and international wires requested by Trust Administration and Operations, ensuring accurate information is provided for timely processing.
• Research and communicate regarding any wires that are not correct.
• For international wires, obtain the conversion rate for the country the wire is being sent to. Charge client accounts for wire fees as needed.

Through the use of a daily data collection interface, balance account transactions for accounts where ATC is not custodian (held-away).

Ensure transactions are processed appropriately to reflect custodial account positions to aide in investment portfolio management.

• Obtain broker statements and confirms to ensure assets are updated to reflect accurate holdings and value. At month end, verify all positions have been updated for client statement purposes.
• In conjunction with the vendor, file class action suits for positions held in client accounts. Research holders and buy / sell transactions for the specified time period and provide to vendor for filing on behalf of the client.

Research and process class actions settlement payments received on behalf of client accounts. Perform reallocation of funds received or distributed from Lifestage Collective Funds.

Monthly, monitor for missing or stale security prices and obtain pricing from third parties in order to update prices in the Trust accounting system.

• Manage the securities lending process for large institutional clients. Monitor and reconcile all positions to ensure that they can be delivered to custodians for lending purposes.
• Work closely with colleagues responsible for trade settlement to address any pending trade discrepancies. Transfer securities at the depositories as requested by Treasury Operations.
• Verify request for accuracy and transfer appropriate units and original face to ensure accruals are transferred correctly. EDUCATION
• Bachelor’s degree or equivalent combination education and experience- Business, Accounting or related field required.

QUALIFICATIONS / REQUIREMENTS

2-4 years in Trust, Investments, Finance or Accounting.

PAY RATE

$18.00- $25.00 Per Hour

Last updated : 2024-04-23

Salary : $18 - $25