Job Description: Settlement Administrator
Hours: 12-18 hours (preferably Tuesdays and Wednesdays to be working days)
Wage : £24,000 salary minimum (pro-rata equivalent for hours worked based on 35 hour full time equivalent) - negotiable based on experience
Applications will be taken until 15th of October with Interviews to then follow shortly after.
Job Purpose: To oversee all back-office administration work, ensuring that bank accounts are reconciled, stock accounts are reconciled, settlements are managed in a timely manner and client accounts updated correctly from any corporate actions or dividends.
Job Duties:
To include the following:
· create cash payments to clients at their request;
· bank client and company cheques and arrange for petty cash for the company as and when needed;
· reconcile and post dividends as they are received ensure all cash received is reported to investment managers and all corporate actions results reported;
· ensure transfers in and out are recorded and performed in a timely manner;
· book trades to client accounts and ensure market settlement occurs on time with monies being taken/paid to clients as appropriate and sent out to any relevant third parties;
· set up files for corporate actions, ensures elections are made prior to deadlines, and in turn updates client accounts with any new stock or cash from these events;
· daily reconciliation of client money;
· set up new client accounts and bank accounts;
· support the auditors in their annual review of accounts and systems;
· improve procedures and processes on an ongoing basis;
· improve systems knowledge and scope and strive for best practice at all times; and
· carry out such other duties as may be required from time to time.
Skills/Qualifications:
· Required: GCSE Maths and English, Grade C or above
· Desirable:
o flexibility of hours/days - willingness to increase work hours potentially over time or to cover colleagues absence;
o advancement via professional exams;
· Necessary: comfortable with Microsoft Office –Excel, Word and Outlook
Job Type: Part-time
Pay: From £24,000.00 per year
Expected hours: 12 – 18 per week
Benefits:
* Company pension
Work Location: In person