[Hiring] Custody Operations Associate @Kelmar Associates

Role Description

The Custody Operations Associate is an Entry Level position who will work closely with Kelmar’s Security Operations team, sub-custodian, and clients to execute instructions, reconcile transactions in the sub-custodian account and ensure all transactions are properly reflected in the client’s unclaimed property database. This is a remote position.

• Perform daily reconciliation of each client account held by the sub-custodian to their unclaimed property database
• Review and transfer accounts held at mutual fund companies, brokerage firms, and transfer agents to State’s custodial account; maintain detailed tracking of funds transferred
• Receive instructions from clients and their unclaimed property database regarding selling and/or transferring shares; execute transactions as instructed using the sub-custodians
• Perform manual updates to the clients unclaimed property database as necessary including: transfers, sale proceeds, corporation actions, liquidations, capital gains and dividends
• Identify and properly report discrepancies to Custody Operations Manager
• Ensure security type designations such as mutual funds and common stock are properly identified in the unclaimed property database
• Perform research for clients related to corporate actions and individual CUSIP histories; record and provide entitlement calculations upon request
• Assist with testing changes to workflows, documents and batch processes as needed
• Perform quarterly reconciliation of accounts to ensure worthless securities are identified and updated in the clients unclaimed property database
• Communicate with clients regarding a variety of account activities including incoming receipts, corporate actions, worthless securities, un-exchangeable securities, security transfer issues, sale proceeds and status, and any other relevant issues that arise
• Assist with special projects when new clients have been onboarded

Qualifications

• Bachelor’s Degree or equivalent combination of education and experience; willing to train the right candidate
• Excellent interpersonal and communication skills; will be communicating with external clients
• Comfortable with a wide variety of technologies including MS Office, MS Windows, and other types of general computer software
• Strong writing and analytical skills
• Must be able to work independently learning the expected results from the management team and the ability to execute daily tasks on behalf of clients
• Self-starter, since this position is remote it is reliant on the Custody Operations Associate to complete daily tasks
• Must be detailed oriented as daily, weekly, and monthly reconcilements of data will be required
• Candidates must be legally authorized to work in the U.S without sponsorship now and in the future

Benefits

• Compensation for this role varies depending on several factors including work location, level of experience, and skill set. The hiring range for this position is $50,000 - $52,000.
• Medical, Dental and Vision Insurance
• Flexible Spending Plans
• Health Savings Account
• Health Reimbursement Arrangement
• Basic Life, AD&D, and Voluntary Term Life Insurance
• Disability Insurance
• 401(k) Plan with Company Match
• Paid Parental Leave
• Paid Time Off
• Tuition Assistance
• Eligible for Discretionary Annual Bonus

Company Description

Kelmar Associates is an equal opportunity employer.