Retirement and Wealth - Traditional Asset Specialist (Remote)

This role reports to the Traditional Asset Manager in the Retirement and Wealth Operations Department.

About the role

Responsible for all processing related to traditional securities held in custody by Inspira. Traditional securities include publicly traded stocks, bonds, and mutual funds. The department is comprised of two teams: Trade Comparison, Clearance & Settlement (TCCS) and Account Maintenance Activities (AMA). The candidate will be initially assigned to a specific team and role, and over time, will rotate functions within and between teams. Within Traditional Operations, there is a high degree of teamwork.

Responsibilities

• Review and process daily cash settlements
• Post periodic dividends and interest payments to client accounts ensuring appropriate tax coding
• Process incoming and outgoing transfers through sub-custodian systems and record transfer transactions once assets have been received or delivered
• Process corporate actions, such as stock splits, mergers, conversions and exchanges, which includes sending notifications to clients, maintaining the security master and processing transactions to properly reflect the changes
• Reconcile security positions with sub-custodians in a timely and accurate manner
• Assist clients with trade questions and place client trades for calls received through Inspira’s trading desk while monitoring open orders to ensure timely and accurate execution
• Maintain the Security Master for traditional asset classes in the Trust Accounting System
• Vault physical restricted stock certificates and deposit physical marketable securities with the sub-custodian to convert to book-entry positions
• Interact with internal departments, external sub-custodians and trading firms in a positive professional manner
• Ensure that work generated consistently adheres to Company policies and procedures and meets established service levels
• Create and maintain written operating procedures related to assigned functions
• Actively share ideas to improve department processes and efficiencies
• Other duties as assigned

Qualifications

The ideal candidate will be highly proficient with numbers and reconciliations, possess strong attention to detail and the capacity to multitask and operate in a fast-paced environment.