Analyst Reconciliations - 12 Months FTC

  • Negotiable
  • Tadworth, England, United Kingdom
  • Permanent, Full time
  • Fidelity International
  • 11 Oct 18

The team is responsible primarily for the daily reconciliation of fund cash transactions and balances and the weekly reconciliation of stock holdings back to the custodian bank records. Any exceptions arising from these reconciliations are then duly investigated by the team.

Department Description

Investment Administration is responsible for processing corporate actions, pricing securities, settling trades and maintaining static data for all FIL funds outside of Japan; and fund accounting and reconciliation of all pooled funds in the UK and Luxembourg. The department processes 180 corporate actions a month, prices 10,500 securities and settles 3,500 trades a day. In addition, the department calculates the Net Asset Values for funds worth in excess of $180 billion every day.

Investment Administration is based in 2 sites, UK and Luxembourg.

Reconciliation Services department is responsible for management and control of exceptions arising from the cash and securities reconciliations. In addition to transaction processing and analysis and resolution of exceptions, the emphasis is on the production and analysis of various exception reports. Very much a team environment which is fast paced and deadline driven, with a number of additional tasks ranging from compilation and analysis of control reports to reconciliation of treasury cash positions. The jobholder will be responsible for the reconciliations of a group of funds and a variety of additional tasks which will include using Excel spreadsheets, receiving and acting upon various email instructions and liaising by telephone and in person with the Custodian banks and other departments such as Corporate Actions, Trade Settlements etc.

Purpose of your role

The team is responsible primarily for the daily reconciliation of fund cash transactions and balances and the weekly reconciliation of stock holdings back to the custodian bank records. Any exceptions arising from these reconciliations are then duly investigated by the team.

Key Responsibilities

  • Perform daily cash reconciliations for Fidelity's funds using Frontier software
  • Perform weekly securities reconciliations for Fidelity's funds
  • Identification, analysis and resolution of exceptions in a timely manner
  • Post entries to accounting system that have not been automatically generated
  • Generate management and control reports and perform analysis of same
  • Perform general administrative tasks
  • Perform additional reconciliations related to sensitive currencies
  • Collate month-end reporting and statistical information
  • Post entries to manual spreadsheets as appropriate
  • Participation in projects as directed

Experience and Qualifications Required

  • Strong analytical skills with an enquiring mind. Good interpersonal skills including effective verbal and written communications. Excellent attention to detail.

    Essential skills

  • Accurate and numerate
  • Good PC skills including Excel and Outlook
  • Strong analytical and investigations skills
  • Team player with flexible attitude and open and enquiring mind
  • Ability to effectively prioritise work in a multiple task environment with critical, inflexible deadlines
  • Willingness to work additional hours and bank holidays as the business dictates

    Desirable skills

  • Previous experience in a similar job role for a large corporate organisation
  • Educated to A Level standard