Settlement Officer - Financial Asset Management at Fosad Consulting

Our client who are a finance and asset management firm situated in Victoria Island involved in creating and managing wealth with technology are in need of a settlement officer who will perform a variety of professional level accounting duties.

Responsibilities

• Perform day-to-day operation duties of treasury settlement in an accurate and efficient manner, including confirmation, payment and accounting for fixed Income
• Handle pre-settlement/settlement exception cases and post-settlement investigations.
• Participate in new product or system upgrade projects, including assist in workflow design or testing as required
• Participate in work procedure improvement exercises as required
• Liaise with treasury front office, finance/accounting, legal/compliance, IT and other related units when necessary
• Assist in ad hoc projects as assigned
• Instruct trades received from the company
• Settle trades on settlement date and on timely basis
• Process journal entries, clean tags of settled trades
• Balance accounting entries to ensure that correct journal entries were processed and to avoid firm breaks
• Heavy interaction with company and clients to coordinate closings
• Attend and conduct closings
• Prepare Closing Disclosures for Purchases/Refinances transactions
• Disburse funds and reconcile account.

Requirements

• Degree holder or equivalent with major in Finance, Audit or Banking. Master's Degree is an advantage
• 3 -5 years experience in treasury/settlement operations
• Knowledge in regulatory requirements and market practices of treasury operations.
• Able to work independently under time pressure
• Attention to details and with good risk awareness
• Willing to work overtime
• Be a good team-player, proactive, self-motivated, and positive learning attitude.
• Good interpersonal and communication skills
• Good command of both spoken and written English
• Proficient in computer applications (MS Word, Excel, Access, PowerPoint, etc.)