Senior Administrator Settlements

Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them.

Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself.

Under general supervision, responsible for the proper trade processing, clearance and settlement of complex domestic trades and derivative instruments executed in the company s General Accounts, managed separate accounts, and proprietary funds.

What you will do:

• Ensure that internally executed trades flow properly from the Front Office system to the Accounting System.
• Confirm trades with the Counter parties using a variety of automated trading platforms.
• Notify custodian banks of pending trade settlement and ensure that trades settle properly Monitor failed trades and work with counter parties and custodians to reduce failed trades.
• Investigate and resolve discrepancies with brokers, custodians, sub-advisors and GWF traders.
• Update factors and settle cash with brokers as needed on structured securities.
• Set up security master files on accounting system using Bloomberg and IDC as source system information whenever possible.
• Review SMF s set up in On-Base system.
• Set up derivative instruments in the accounting system based on trade blotters from outside mangers and instructions from GWF traders.
• Reconcile margin cash movements with counter parties and ensure that funds transfers are complete.
• Process swap payments for general accounts communicating and confirming payment details with counter parties Fund new private placements, communicating with GWF's traders and legal group.
• Ensure that proper approvals and documents are in place prior to funding.
• Open new global accounts at custodian bank for international portfolios ensuring that necessary documents are provided.
• Process sub-advised trades for the more complex portfolios which may include dollar rolls and TBA transactions in accounting system using automated trade load messages and vendor provided files wherever possible.

What you will bring:

• Bachelor's degree in Accounting, Finance, related field, or equivalent experience.
• Three (3) years of directly related experience in the investment administration area of a financial industry firm.
• Without a degree, an additional two (2) years of directly related experience is required.

What will set you apart:

• Strong knowledge of securities and derivative products and settlement methods.
• Intermediate to advanced proficiency in MS Office, particularly Excel.
• Must be detail-oriented and able to work within prescribed deadlines.
• Must possess strong analytical/problem-solving, organizational, and written/verbal communication skills.

This job description is not intended to be an exhaustive list of all duties, responsibilities and qualifications of the job.  The employer has the right to revise this job description at any time.   You will be evaluated in part based on your performance of the responsibilities and/or tasks listed in this job description.   You may be required perform other duties that are not included on this job description.  The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.

***Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time, including CPT/OPT.***

What we offer you

We offer an array of diverse and inclusive benefits regardless of where you are in your career. We believe that providing our employees with the means to lead healthy balanced lives results in the best possible work performance.

• Medical, dental, vision and life insurance
• Retirement savings – 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup
• Tuition reimbursement up to $5,250/year
• Business-casual environment that includes the option to wear jeans
• Generous paid time off upon hire – including a paid time off program plus ten paid company holidays and three floating holidays each calendar year