Dividend/Corporate Actions Specialist

  • Competitive
  • Chicago, IL, USA Chicago IL US
  • Permanent, Full time
  • TradeStation
  • 13 Apr 18 2018-04-13

The position will be responsible for all daily Dividend and Corporate Actions. The Dividend/Corporate Actions Specialist will monitor the daily dividend announcements and ensure verification of payment rates and payment dates, set up payment jobs on Phase 3 Backoffice system and balance daily dividend/reorg settlements with DTC. Responsibilities also include communicating customer instructions to depositories on voluntary corporate actions, researching and resolving exception/out of balance conditions and preparing the daily reconciliation summary.

ESSENTIAL JOB FUNCTIONS:

  • Process dividend/corporate actions jobs on Phase 3 Backoffice system
  • Verify dividend payment rates and dates
  • Balance daily dividend/reorg settlements with DTC
  • Resolve exceptions
  • Prepare daily reconciliation
  • Process class actions and proxies using Broadridge
  • Remit Security P&I thru BMO Harris

KNOWLEDGE, SKILLS & ABILITIES:

  • Knowledge of Fedwire, CHIPS and SWIFT message types and formats and fundamental understanding of Security Accounting Principles
  • Awareness and understanding of the regulatory changes and the impact to the operations workflow as well as Phase 3 system or similar back office processing system experience
  • Ability to view and understand ADR dividend rates and elect for the correct treaty rates
  • Detail and deadline oriented
  • Excellent communication skills
  • Organizational and analytical skills
  • Ability to travel

EDUCATION & EXPERIENCE:

  • 1-3 years Dividend/Corporate Actions experience preferred within a self-clearing brokerage operation
  • Hands-on experience with DTC required
  • College degree preferred