Finance Experience : Not Specified Relocation Covered : No Post Date : 4/19/2012 Contact Information Ref ID : 8235 Description Oversee the daily activities relating to mutual fund trading, employer stock trading, fund elimination/plan deconversions, and trading suspense and error account research and resolution. Ensures accuracy and timeliness of all mutual fund and equity trades. Ensure various reconciliations are completed within predefined deadlines, and all variances are promptly and accurately documented and resolved. Prepare reports for Senior Management.
Essential Functions:
1.Oversees the Mutual Fund Trading processes, ensuring all mutual fund and equity trades are executed and settled accurately and timely. Ensure that any variances or trade exceptions are researched and resolved in an accurate and timely manner. Assist staff with the more complex trading and reconciliation issues
2.Oversees the daily activities relating to the Fund Elimination and Plan Deconversion processes. Arranges for exception handling of large liquidations and purchases when needed, and ensures staff notifies Fund Houses of large trades. Verifies reconciliations are completed accurately and timely.
3. Manages Mutual Fund Trading Department: Includes monitoring the workflow and planning and scheduling work assignments. Makes hiring and salary recommendations, develops training procedures and provides training, conducts performance evaluations and manages staff issues according to company and divisional policies.
4. Work with the business units and outside entities to determine strategies around the more complex new business conversions and existing business deconversions. Assist in answering RFP questions and inquiries on feasibility of adding new funds. Review and comment on new fund partner trading agreements.
5. Ensures all internal controls are set up and functioning properly. Ensures that all accounting entries relating to trade and settlement variances and trading errors are accurately recorded on a daily basis. Ensures that trading gains and losses are recorded accurately, timely and charged to the appropriate department.
6. Completes ad hoc reporting request for senior management as needed.
7. Responsible for the evaluation of system capabilities versus business requirements. Acts as the business project leader on system enhancements, functional additions, and resolution of system problems. Ensure team has up to date test plans and completes user acceptance testing within required timeframes.
8. Other duties as assigned.
Minimum Qualifications:
Bachelor's degree in Business Administration
Current FINRA Series 6 and 26 or ability to obtain within 90 days of hire is required.
This position requires submission of fingerprints to FINRA
Six years mutual fund operations or related experience preferred and four years supervisory experience.
Intermediate to advanced Excel and Access skills.
Strong management, organizational, analytical/problem solving, written and verbal communication skills.
Working Conditions/Physical Requirements: Normal Office Working Conditions
Disclaimer: The above statements are intended to describe the general nature and level of work being performed by individuals assigned to this job. They are not intended to be an exhaustive list of responsibilities, duties and skills.
Drawing on more than a century of experience, Great-West helps millions of Americans and their companies and employers build greater financial security. Great-West Retirement Services provides retirement savings programs to clients in the corporate, government, and healthcare/nonprofit markets. FASCore, LLC, a Great-West affiliate specializes in retirement plan recordkeeping and administration. Great-West's Individual Markets group provides life insurance and annuity products to a broad market, from middle-income Americans to businesses and corporate executives.
Headquartered in metro Denver, we serve customers nationwide through offices around the country. We market our solutions and services through our nationwide network of direct sales professionals, brokers, consultants, advisors, third-party administrators and financial institutions.
For more information, please visit www.greatwestcareers.com. We are an equal opportunity employer dedicated to workforce diversity. We are committed to providing a drug-free workplace.
You'll find good people at Great-West.
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