Settlements Manager - Insurance client

Job Title: Settlements Manager - Insurance client
Contract Type: Permanent
Location: Hartford, Connecticut
Salary: Negotiable
Job list.duration: Full time
REF: CD08232018_1535044316
Contact Name: Chris Dodds
Contact Email:
Job Published: 10 months ago

Job Description

Oversee all tasks related to the timely and efficient settlement of investment transactions including purchases, sales, transfers, and corporate actions for public and private bonds, bank loans, mortgage loans, and limited partnerships. Manage the trade settlement process with the goal of minimizing trade failures and ensuring efficient information flow to all relevant constituent groups. Suggest improvements to job procedures, workflow and efficiencies and provide assistance, training and instruction to various constituents. Act as liaison between portfolio managers, traders, brokers, accountants, and custodian banks in order to monitor and complete sales and purchases.

Duties and Responsibilities:

  • Perform a wide variety of routine and non-routine duties requiring knowledge of detailed and complex settlement activities
  • Analyze and affirm trade details and follow up on issues
  • Act as liaison between portfolio managers, credit analysts, traders, legal counsel, accountants, brokers, and custodian and agent banks
  • Re-register physical certificates into fund name at custodian banks
  • Resolve issues related to trade activity, wire transfers, income collection, cash balances, corporate actions, and movement of securities for custodian banks
  • Manage collateral for cleared and non-cleared derivatives
  • Create-maintain procedures and controls for all functions of the settlement desk
  • Resolve discrepancies and recommend appropriate action to counterparties
  • Provide training and instruction of job procedures to associates
  • Assist in the provision of information required in external or internal audits

Skills, Knowledge and/or Experience:

  • Bachelor's degree, preferably in finance, accounting, or a related field
  • 5+ years of relevant investment settlement/operations experience including exposure to basic investment accounting and experience with bank loans
  • Knowledge of financial markets and instruments, as well as an understanding of investment terminology and settlement practices
  • Knowledge of the regulatory requirements and financial risks associated with domestic and foreign investing
  • Good verbal, written communication and comprehension skills in order to interact with internal and external professionals, as well as provide instruction and training to associates
  • Able to independently recognize, analyze and recommend solutions to complex business issues; recommend improvements in operational processes
  • Skill in handling multiple priorities simultaneously
  • Demonstrate tact, diplomacy, and customer focus
  • Ability to work independently and/or in a team environment
  • Detail-oriented and possess strong decision-making skills
  • Strong PC skills and use of various applications/software