Wealth Management Specialist

Job Domain: Hedge Fund

Job Process: Reconciliation/Wealth Management

Job Location: Chennai and Nagpur

Qualification Needed:

• Minimum of 2 years of experience is required in hedge fund reconciliation and wealth management.
• Bachelor’s degree in business administration or commerce related field preferred.

Job Description:

• Monitors and reconciles scrub audits across customer databases.
• Assessing clients' financial situations, developing personalized investment strategies, and providing ongoing guidance to optimize their wealth.
• Retrieves and imports prices for mutual funds, stocks, bonds, and variable annuities on a daily basis.
• Retrieves and imports transactions for all downloaded accounts.
• Maintains a list of daily and weekly downloaded accounts for each database.
• Maintains and verifies correct share balances by running balance checks (on a daily and monthly basis) and makes corrections to accounts, as needed.
• Monitors close business day interface job schedules.
• Counsel’s advisors regarding best practices, policies and procedures, as well as providing advice on how to handle situations encountered or requests.
• Provides assistance in growing business with client by highlighting additional features which would benefit clients overall package offering.
• Processes and confirms reconciliations on positions, transactions, prices, corporate actions and cost basis for Midland National Trades, IMA and Midland National Prices at close of business day.
• Ensures accuracy and timeliness of data.
• Runs maintenance programs as needed or requested.
• Processes multiple transaction and position files related to fund balances or assets held nightly.