Senior Associate_ Reconciliation - Managed Services

About STP

From Pennsylvania to India STP Investment Services is rooted in a culture that focuses on employee growth, professional development, and a team-based, collaborative environment. STP was formed in 2008 with one client, five employees, and $2B in assets under administration. Today, were an award-winning, industry-leading fintech and global investment operations firm with headquarters in West Chester, PA, and Bangalore, India. None of our companys success would have been possible without the incredible team members who live our values every single day. Across our firm, from the US to India, STP is rooted in a culture that focuses on employee growth, professional development, and a team-based, collaborative environment.

Benefits of Working with STP

• Flexible Work Environment
• Competitive Compensation & Employee Benefits
• Bouquet of Rewards & Recognitions
• Work-Life Balance
• High Learning Curve
• Be Part of an Inclusive Culture

We recognize the value of inclusion and diversity in culture, thought, and in experience, which is why we are honored to receive the following awards.

Roles and Responsibility

• Perform cash and position reconciliation between client and custodian data.
• Research and resolve variances between reconciliations.
• Maintain accuracy levels as per client standards and meet SLAs.
• Ensure adherence to procedures and standards.
• Recommend process improvements for enhanced efficiency.
• Interface proactively with other functional areas within Fund Administration to maintain data flows.
• Engage with client contacts and custodian banks to resolve issues within established guidelines.
• Escalate policy-related queries to the respective Manager.
• Strive for customer satisfaction and prioritize Client Delight.
• Consistently deliver high-quality results.
• Adapt to diverse markets and evolving client needs.
• Seek regular performance feedback and adjust as necessary to achieve goals.
• Collaborate with customers and management to align and assess goals.
• Remain effective under pressure, maintaining focus, optimism, and persistence.

Required Skill Sets

• 2 to 4 years of experience in investment Banking or Financial market industry.
• Strong domain knowledge in the capital market, including an overview of reconciliations and accounting.
• Sound knowledge of different asset classes.
• Knowledge of Posting of different kinds of transactions like Future Variation Margin, Trade/Derivative Contract, Open/Close Contract, Paydown, Coupon, Contribution/Withdrawal, etc.
• Should have a good understanding on Reconciliation and resolving of discrepancies.
• Sound understanding of middle and back-office operations within a typical asset management firm.
• Proven initiative-taking ability, and the capability to drive such initiative across the unit.
• Proficiency in identifying, researching, and reconciling breaks.

Additional Skill Sets

• Knowledge of accounting platforms e.g., Eagle would be an added advantage.
• Knowledge of reconciliation tools e.g., Estaars would be an added advantage.

Behavioral Skills

• Excellent analytical and problem-solving skills.
• Exceptional verbal and written communication skills.
• Clear articulation of ideas and issues.
• Effective sharing of information and communication within teams.
• Honest and open communication with management and staff.
• Regular performance feedback and adjustment for goal achievement.
• Setting and achieving realistic and challenging goals.
• Dealing effectively with pressure and maintaining focus under adversity.

Qualifications

• Bachelor’s degree in accounting, Finance, Information Systems, or related field required.
• Master’s degree in finance / Accounting

Process Shifts:

• Person should be flexible to work in shifts.