Administrator - Custody Reconciliations

The Apex Group was established in Bermuda in 2003 and is now one of the worlds largest fund administration and middle office solutions providers.

Our business is unique in its ability to reach globally, service locally and provide cross-jurisdictional services. With our clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13, 000 employees across 112 offices worldwide.Your career with us should reflect your energy and passion.

Thats why, at Apex Group, we will do more than simply empower you. We will work to supercharge your unique skills and experience.

Take the lead and well give you the support you need to be at the top of your game. And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities.

For our business, for clients, and for you

Description

The primary responsibility of this position is the accountability for the cash and scrip reconciliations and reporting for Apex clients. The individual is responsible to ensure that tasks performed within the team are administered efficiently, accurately and within daily and monthly deadlines

Job specification

Reconciliation of Cash Accounts:

• Reconcile the cash accounts on Invest One to the bank account for settlement of trades, income, and expenses.
• Identifying all timing differences and valid reconciliations items.
• Communication and follow up of reconciliation items with internal and external clients.
• Resolution of reconciliation items

Call Accounts

• Ensure that all transfers are processed correctly on Invest One and confirmed with the counterparty.

Futures administration:

• Reconcile margin reports to Future instrument transaction on Invest One.
• Distribute to relevant parties (Custodian / Client);
• Check booking fees and deals.
• Liaising with the client on corrections.
• Futures Administration Opening of accounts

Reconciliation of Scrip Accounts:

• Reconcile the scrip positions on Invest One to the bank scrip depository accounts.
• Identifying all timing differences and valid reconciliations items.
• Communication and follow up of reconciliation items with internal and external clients.
• Resolution of reconciliation items.

General Duties:

• Maintaining relationships with internal and external clients.

Skills Required:

• The position requires someone with a diploma or degree.
• Relevant industry/Asset Management experience.
• Relevant reconciliations experience.
• Strong numerical and analytical skills.
• Attention to detail and structured work approach.
• Excellent communication skills, both written and verbal.
• Confident, enthusiastic, proactive and able to work under pressure.
• Intermediate Excel skills.

Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.