Reconciliation Specialist

7 years

0 Lacs

Posted:1 day ago| Platform: Linkedin logo

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On-site

Job Type

Full Time

Job Description

Job Role:

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Overview of Role:

The Team Leader – Reconciliations will lead daily operations for either Voice or Data processes, ensuring adherence to quality standards, SLA commitments, and team development goals. The role includes handling escalations, monitoring performance, reporting, training, and leading reconciliation operations to maintain data integrity. This position requires hands-on subject matter expertise in reconciliation, operational efficiency, and team management.


Key Responsibilities:

Operational Leadership

  • Supervise day-to-day operations for the team ensuring adherence to SLAs in terms of quality, productivity, and schedule.
  • Monitor daily calls (Voice) or transactions (Data) and perform QC/QA to ensure high process quality.
  • Ensure issues and escalations are handled appropriately and promptly.
  • Manage knowledge bases, updates, and trackers.


Reconciliation Responsibilities

  • Perform and oversee custody and cash position reconciliations.
  • Investigate and resolve all breaks in a timely manner.
  • Validate and update internal records (e.g., transactions, fees, income).
  • Handle high-volume tasks while prioritizing risk and deadlines.
  • Ensure operational integrity and adherence to internal control frameworks.


Team Management & Mentorship

  • Set clear goals, delegate tasks, and ensure team motivation and high morale.
  • Conduct root cause analysis (RCA) and implement corrective action plans.
  • Mentor and coach junior associates and new joiners.
  • Provide feedback and performance management through huddles and regular reviews.


Reporting & Analysis

  • Generate and maintain daily, weekly, and monthly SLA/KPI reports.
  • Analyze performance metrics, RCA outputs, QA scores, and compliance issues.


Training & Development

  • Identify training needs and deliver coaching.
  • Ensure 100% completion of mandatory training for self and team.
  • Conduct floor training and technical/domain-specific upskilling sessions.


Escalation & Issue Resolution

  • Act as the first point of escalation for BAU matters.
  • Resolve internal conflicts and provide support in complex customer interactions.


Collaboration & Communication

  • Collaborate cross-functionally to ensure seamless operations.
  • Participate in quality calibration, process improvement, and automation initiatives.
  • Communicate effectively with stakeholders and team members.


Skills & Competencies Required:

Technical & Process Skills

  • Expertise in reconciliations/investment accounting.
  • Familiarity with financial products: equities, fixed income, derivatives.
  • Strong proficiency in MS Excel, operational systems (e.g., Aladdin, Tri-Optima).
  • Understanding of asset lifecycle and investment management processes.


Leadership & Communication

  • Strong team leadership, motivation, and mentoring capabilities.
  • Excellent communication skills—verbal and written (accent neutral, if Voice).
  • Ability to perform detailed root cause analysis and drive improvements.
  • Effective delegation, prioritization, and time management.


Analytical & Decision-Making Skills

  • Attention to detail and accuracy in processing and reporting.
  • Strong numerical skills and ability to produce high-quality MIS.
  • Adept in operational risk management and process controls.


Key Performance Indicators (KPIs):

  • 100% SLA adherence for self and team.
  • Number of issues/tasks resolved.
  • Zero client escalations and minimal non-compliance.
  • % of QC/QA score accuracy.
  • Quality and frequency of RCA/CAPA.
  • Performance tracking and reporting adherence.


Certifications & Qualifications (Preferred):

  • Six Sigma Green Belt
  • Asset Management certifications (IOC, IMC)


Tools & Platforms Knowledge:

  • Windows OS, MS Office Suite
  • SharePoint, internal documentation tools
  • Investment platforms like Aladdin
  • Reconciliation tools and libraries

Soft Skills:

  • Customer-centric mindset
  • High attention to detail
  • Team player and collaborative
  • Adaptive to change and proactive in innovation


Skills:

Back Office Operations, Investment Management, Reconciliation

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