Senior Specialist - Mutual Funds Receipts and Distributions - KeyBank
Brooklyn, OH 44144
About the Job
KeyBank - Sr Specialist, Mutual Funds Receipts and Distributions
Full-Time Position with an Excellent Comprehensive Benefits Package
Full-Time Position with an Excellent Comprehensive Benefits Package
Location: This Hybrid role requires working in-office 2 days per week (after training) at our office in Brooklyn, OH. The training period is, at least, for the first 2 months of employment and requires in-office attendance Monday - Thursday each week.
Hours: Monday - Friday, 8:00 am - 5:00 pm ET, with flexibility to work outside of these hours, per business needs.
POSITION SUMMARY:
The Mutual Funds Receipts & Distributions Senior Specialist supports Key Private Bank (KPB) and IA in the free movement of mutual fund securities into and out of accounts custodied by Key Bank and housed on the Global Plus system. The Senior Specialist is responsible for Mutual Fund Account to Account transfers and processing of Cost Basis received from contra firms.
This key team member coordinates the collection and delivery of mutual fund assets for KPB and IA trust and custody accounts as instructed by the Trust Officer and/or Trust distribution analysts and ensures proper posting of transactions to the accounts.
This position ensures that mutual fund assets are received as expected and that transactions are properly posted to the account to reflect the receipt of those assets and the correct tax lots. The Senior Specialist also ensures timely and accurate communication with the Line of Business on collection or distribution status and for the posting of proper transactions to reflect required adjustments to tax lots.
PRIMARY JOB FUNCTIONS:
- Analyze and coordinate the collection of mutual fund assets for new and existing KPB and IA trust and custody accounts. Analyze financial statements to identify mutual funds involved and the proper cost basis for assets being collected. Analyze instructions for completeness. Determine appropriate means to effect the transfer of the securities.
- Receive instructions from the Line of Business or the Distributions team for delivery and transfer of securities. Determine proper methodology for delivery of securities. Facilitate automated transactions for asset receipts, distributions, and adjustments. Where necessary, post manual transactions to accomplish specific needs.
- Communicate issues with activity within the Line of Business using system and industry knowledge and propose a plan for resolution.
- Research any transaction rejects. Communicate with all interested parties and propose a plan for resolution of the issue.
- Research depository position differences. Communicate with all interested parties and propose a plan for resolution of the issue.
- According to department procedure and in accordance with Service Level Agreements, proficiently complete all processes for the following types of transactions for open-end mutual funds: Asset Receives, Distributions, Transfers between Accounts, Tax lot Adjustments, Gifts, and Cost Basis updates.
REQUIRED QUALIFICATIONS:
- 2 or more years of mutual funds, investment, and back-office operations experience preferred.
- High school diploma or equivalent required; bachelor's degree in Business or Finance preferred.
- Prior experience in trust operations is preferred.
- Proven experience and success in a team environment.
- Proven ability to demonstrate the Key Values.
- Strong peer leadership skills.
KeyCorp is an Equal Opportunity Employer committed to building a diverse, equitable, and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or other protected category.
Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.
About KeyBank:
Working at Key is an opportunity to join a company committed to your success and the success of the clients and communities we serve. We offer our teammates the skills, mentoring and training needed to meet their career goals and better serve our clients.
Source : KeyBank