Cash Reconciliation Specialist

Operations Specialist (Level III)

Location: Dallas TX 75202

Expected Duration of Contract: 7 Months

*** This is a hybrid role (3-days on-site/2-days WFH)

Pay – $20-22/Hr on W2

Transaction Management Ops Analyst

Job Description:

The Investment and Monetary Controls Teams play a significant role within Global Wealth & Investment Management and Private Bank.

Our dynamic department is responsible for the custody and settlement of assets, as well as the invoicing and collection of revenue and sub-accounting services such as recordkeeping.

Our teams are relied heavily upon for participation in projects and initiatives that help promote responsible growth for the business and our Clients.

We focus on minimizing risk and promoting a positive Client experience.

Teams interface daily with Financial Advisors, Investment Managers and Internal and External Business partners to provide all manners of operational support for client and Private Bank accounts.

Opportunities exist for team members to develop leadership, project management and technological skills.

We offer excellent career development opportunities to foster skills and talent.

The Balancing and Reconciliation Departments responsibilities include but are not limited to the following:

Manages the relationships and sub-accounting services for over 30,497 securities representing domestic and offshore Mutual Fund, Alternative Investment and Money Market positions

Perform Transfer Agency and Sub-Accounting services that generate over $1 billion dollars on an annual basis

Resolves Cash and Position discrepancies in over 600 Settlement and Custody ledger accounts for Mutual Funds and Alternative Investments

Mitigates risk by supporting the accuracy of cash settlement, custody oversight, and dividend distributions for Mutual Fund, Alternative Investment and Money Market positions for Clients

Provides Supplemental Data Reporting Services to improve operational efficiency for 74 Fund Groups

Ensures a positive Client experience by delivering Clearance, Settlement, and Custody Services for 11.4 million domestic and foreign trades, 1.5 million corporate actions and 12.3 million income payments annually

The duties of this particular role include, but are not limited to:

Monitor and analyze daily outages due to discrepancies for trades, corporate actions and non-trade transactions

Make sure that Department standards are met and that updates are provided to management through either immediate communication and/or weekly highlights.

Assist with updates to procedural documentation / process maps, and participate in system testing as needed.

Participate in internal and Third Party audits

Manage risk by identifying and escalating items appropriately

Lead projects and special assignments as needed.

A subject matter expert in break analysis and ability to assist with the resolution of daily outages

Collaborative mindset with an ability to partner with internal/external partners to find resolution for inquiries

Intellectually curious with a mindset focused on deep understanding of business processes supported

Provide training and guidance to junior team members where necessary

Required Skills:

Ability to prioritize and handle multiple job related duties efficiently while exercising sound judgment to ensure all quality measurements, deadlines and business objectives are met

General knowledge of accounting and financial reporting

Capability to think analytically and apply skill set to manage reconciliations

Ability to handle multiple deliverables for either daily processing and/or expanded strategic initiatives

Must have excellent written and verbal communication skills

Ability to understand and explain workflow including systematic interfaces and the input/output flows of data processes

Demonstrates attention to detail

An understanding of technology and the ability to incorporate that understanding into process improvements

Ability to work independently while effectively managing and finding resolution to complex situations

Intellectually curious with a mindset focused on deep understanding of business processes supported

2-3 years of experience relating to reconciliation, billing, project management, trading and/or managed products service support

Knowledge of Various Product Types (Mutual Funds, Alternative Investments, Managed Products, etc.) within an operational setting

Dexian is a leading provider of staffing, IT, and workforce solutions with over 12,000 employees and 70 locations worldwide. As one of the largest IT staffing companies and the 2nd largest minority-owned staffing company in the U.S., Dexian was formed in 2023 through the merger of DISYS and Signature Consultants. Combining the best elements of its core companies, Dexian’s platform connects talent, technology, and organizations to produce game-changing results that help everyone achieve their ambitions and goals.

Dexian’s brands include Dexian DISYS, Dexian Signature Consultants, Dexian Government Solutions, Dexian Talent Development and Dexian IT Solutions. Visit https://dexian.com/ to learn more.

Dexian is an Equal Opportunity Employer that recruits and hires qualified candidates without regard to race, religion, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, disability, or veteran status.