Settlements Administrator

Job Type: Permanent

Location: Isle of Man

Reporting to the Investment Account and Settlements Manager, this position is responsible for the inputting and settlement of all investment related transactions across our client’s policies in a timely and accurate manner. This will also involve the handling of a range of related queries from both internal and external sources including our key custodian, asset manager and stockbroking relationships.

The main duties are:-

• Timely and  accurate processing of all contract note details relating to Investment Transactions
• Timely and accurate processing of all settlements relating to Investment Transactions
• Investigating and chasing of any outstanding contract note and settlements
• Processing and monitoring of Fixed Deposits, and liaising with the relevant institutions
• Monitoring and clearing of any outstanding bank reconciliation items
• Clearing of outstanding asset reconciliation items
• Liaising with internal and external parties to resolve any settlement issues
• Processing any payments required when money is leaving the company for investment transactions
• Handling of internal and external queries, both via phone and email
• Providing support to the Settlements Manager when required
• Providing support on the Fund Manager Rebate process

The successful candidate will have:
• a good understanding of the different types of investments of a single premium policy and the markets they settle in.
• knowledge of stockbroking and custodian working practices
• a good working knowledge of Excel and Word
• to demonstrate accuracy especially when inputting data
• the ability to cope under pressure whilst meeting tight deadlines
• the ability to organise own work to meet these deadlines
• a flexible & adaptable attitude
• good team working skills

This position would be suitable for someone with a minimum of 2-3 years’ experience in a similar role.

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