Sr. Reconciliation Specialist

  • Commensurate with experience
  • Los Angeles, CA, USA Los Angeles CA US
  • Permanent, Full time
  • TCW
  • 25 Jul 18 2018-07-25

The Senior Reconciliation Specialist will have responsibilities for the accurate and timely reconciliation of Fixed Income and Global Securities portfolios utilizing the automated reconciliation process. This reconciliation will involve daily cash, transactions, and holdings reconciliation with TCW’s Proprietary SMS System (Securities Management System) and the custodial custody and accounting records.This position provides support to the Cash Desk and to the Fixed Income Investment Management teams, and requires someone who can communicate effectively with Senior Managers, and can interact daily with TCW’s internal and external business partners.

The Senior Reconciliation Specialist will have responsibilities for the accurate and timely reconciliation of Fixed Income and Global Securities portfolios utilizing the automated reconciliation process (for most of the accounts). This reconciliation will involve daily cash, transactions, and holdings reconciliation with TCW’s Proprietary SMS System (Securities Management System) and the custodial custody and accounting records.   This position provides support to the Cash Desk and to the Fixed Income Investment Management teams, and requires someone who can communicate effectively with Senior Managers, and can interact daily with TCW’s internal and external business partners.  The Senior Reconciliation Specialist will also assist with financial information reporting to management by compiling, researching, and analyzing data.   

Responsibilities

  • Complete daily cash reconciliation for Fixed Income and Global Securities Portfolios through the automated STaARS reconciliation process.
  • Perform accurate and timely reconciliation of Fixed Income and Multi-Strategy Portfolios with SMS (Securities Management System) and the custodial custody and accounting records.
  • Reconcile Mutual Funds cash flows and produce Transfer Agent subscription and redemption information for the Desk.
  • Perform periodic holdings reconciliation (Daily, Weekly, and Monthly).
  • Support research and resolution of exceptions utilizing various sources including Bloomberg and Trustee reports.
  • Resolve exceptions involve foreign tax withholding and tax reclamation.
  • Communicate with custodial banks for timely resolution of discrepancies.
  • Prepare claim letters to resolve unpaid interest or principal.
  • Monitor pay-downs, coupon rates, dividends, and payments.
  • Complete month-end closing reviews and activities.
  • Prepare special reports as required.
  • Support SOC 1(formerly SAS 70) requirements for the Operations Team.

Minimum Qualifications

  • Bachelor’s degree in Accounting, Finance, Economics or related field.
  • Knowledge of global fixed income and equity securities/instruments, including derivatives and currency is required.
  • Experience with Equity and multi-currency securities reconciliation is a plus
  • Understanding of global tax withholding and tax reclamation is desired.
  • Ability to work in a team environment and interact with all levels of the organization.
  • Strong interpersonal skills (must establish good rapport with internal and external business partners, including custodians).
  • Excellent organizational skills and attention to details.
  • Effective verbal and written communication skills.
  • Strong analytical and problem solving capabilities.
  • Demonstrated ability to work independently, prioritize, multi-task, and consistently meet deadlines.
  • Strong computer skills, including proficiency in Microsoft Excel and Word.
  • Bloomberg experience with securities payment and related research is required.
  • Experience with STaARS or other auto-reconciliation software is a plus.

Desired Qualifications

  • Three plus (3+) years of experience performing similar duties with a buy-side asset manager or equivalent sell side experience preferred.
  • Strong understanding of Global and Multi-currency securities and payments processes
  • Knowledge of foreign tax withholding and foreign tax reclamation