Settlements Administrator

Job Type: Permanent

Location: Isle of Man

Settlements Administrator

Role Purpose
To ensure the timely trade settlement of all investment transactions and to accurately administer external custodian accounts and custody records.
Key Accountabilities
• To take responsibility for the resolution of client queries including callbox within agreed timescales

• To record errors for further analysis to prevent reoccurrence

• To follow documented procedures and recommend changes where necessary to ensure ongoing improvement within the department

• To ensure that outstanding reconciliation items are investigated and cleared within agreed timescales.

• To assist with the collection of the quarterly DFM and platform prices ensuring that any differences outside the agreed tolerance are fully investigated and resolved within the approved timescales

• To receive / chase and input all deal confirmations and contract notes within agreed procedures and time scales to ensure that trades settle within deadlines and do not incur late fees.

• To input all Investment related transactions accurately in line with system access rights ensuring that all input is checked in accordance with agreed procedures.

• To correctly allocate all nominee funds received in line with agreed procedure and reconciliation guidelines.

To administer cash and stock settlements to ensure they are made in a timely and accurate manner in line with the authorisation matrix and do not incur late settlement fines

• To accurately sort and allocate daily post and file all settlement documentation in an accurate and timely manner to maintain record integrity.

• To chase and complete all outstanding stock transfers

Suitable applicants will ideally have at least 5 GCSE’s at Grade C or above and preference will be given to applicants who already have insurance experience.

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