Mutual Funds Operations Specialist

Company: Envision Financial Systems, Inc.
Location: Denver
Posted on: January 16, 2022

Job Description:

Envision Financial Systems, Inc. ("Envision") is a privately held corporation with headquarters in Costa Mesa, California. Envision has offices in Owings Mills, Maryland, Denver and Bangalore, India providing client support, system hosting, business process outsourcing and software development respectively. Envision was incorporated in 1994.

Envision provides real-time investor recordkeeping services and other technologies for mutual fund transfer agents, broker dealers, asset managers, -and 529 program providers. Our products let firms increase their efficiency and improve their customer satisfaction, while enabling their emerging business needs. Our products use industry standard open technologies, modular design, intuitive user interfaces and configurable rules. -By adhering to these design guidelines we pride ourselves in providing our clients and the market with new features, advanced functions and leading edge product capabilities in a quick and cost effective manner.

Position Overview
Looking for a dynamic individual who can play an integral role in one or our organization's most vital services. -The best candidate will be responsible for critical processes that ensure the daily reconciliation of client position and trade activity for brokerage client's aggregated accounts (i.e. Omnibus Accounts). -This position will involve developing, supporting, performing, and improving processes aimed at ensuring the mutual fund data contained in our central repository is cleansed, accurate, and effectively disseminated. -This position requires detailed review, research, analysis, and response to a wide array of situations that need to be reconciled to ensure the accurate order placement of mutual fund shares.
A successful candidate must bring a broad array of abilities to the table. -They will be responsible for serval core business functions that enable the managed data strategy of the FundKeeper platform. -Experience with financial reconciliation, and/or mutual fund order processing, data entry, data or quality assurance, audit or process mapping, client communication, and working with teams will be frequent and critical elements of this function.
Success will be measured in terms of the candidate's ability to:

- - - - - - -Identify the root cause of reconciliation items
- - - - - - -Coordinate or execute offsetting trades, or corrective measures to minimize financial loss
- - - - - - -Develop, implement, process and govern data sources, data repositories, data glossaries and other efforts related to the overall integrity of clean, ubiquitous data
- - - - - - -Identify, analyze and resolve data discrepancies
- - - - - - -Resolve production issues reported by Clients and business partners as per SLAs

Role and Responsibilities
Mutual Fund Operations Specialist duties will include:
- - - - - - -Perform reconciliation of mutual fund positions, transactions, transfers (ACATs and manual), dividends, accruals, 12b-1, fees and commissions, and revenues.
- - - - - - -Monitor reconciliation alerts for trade groups and perform causal analysis and execute adjustments to achieve balanced daily records
- - - - - - -Escalate reconciliation items of substantive value or cause
- - - - - - -Develop and implement solutions to eliminate systemic reconciliation causes
- - - - - - -Adapt and improve reconciliation processes, procedures and assurance measures
- - - - - - -Monitor and manage all mutual fund attributes, NAV and corporate actions (Fund Mergers, Fund Family Mergers, Fund Liquidations, CUSIP Change, Share Class Rollovers, Dividends and Capital Gains, Splits, Dividend Reclass) in Envision's proprietary product.
- - - - - - -Provide instructions to Clients and business partners for trade corrections involving Fund NAV changes, Dividend corrections and adjustments and ROA/LOI adjustments.
- - - - - - -Identify and integrated new, or additional sources of data
- - - - - - -Create reports and other materials for our clients, mutual fund record keepers and processing partners per the defined service level agreements.
- - - - - - -Create and maintain reference data and master data definitions and glossaries
- - - - - - -Develop process for collecting, entering and ratifying data in the master repository
- - - - - - -Monitor and repair the timely dissemination of data to clients
- - - - - - -Support the management and publication of business metadata as required
- - - - - - -Resolve data integrity issues with data sources, internal processes and client utilization/application of data
- - - - - - -Analyze and correct data errors and discrepancies
- - - - - - -Provide back up support to other Subaccounting Operations and Production Support personnel
- - - - - - -Perform Gatekeeper and integration testing of FundKeeper platform before promoting code to production
- - - - - - -Other duties as needed

Qualifications and Education Requirements
- - - - - - -Bachelor of Arts, Bachelor of Science or equivalent
- - - - - - -A minimum of 3 years of experience with financial services reconciliation functions, mutual fund trade operations, mutual fund omnibus/subaccount clearing services, managed data support, audit, quality assurance, back office operations, data entry
- - - - - - -Ability to work on complex tasks with minimal supervision, and to formulate business process recommendation for upper management
- - - - - - -Proven analytical and creative problem-solving skills.
- - - - - - -Excelling in a fast paced, dynamic, global environment
- - - - - - -Balancing multiple priorities and deadlines
- - - - - - -Exhibiting excellent technical, analytical, and communications skills
- - - - - - -Solid understanding of financial services, broker/dealer recordkeeping or subaccounting technologies, or specific experience with Envision's PowerAgent platform are a plus.

Additional Notes
- - - - - - -Work from office and home in a hybrid model
- - - - - - -Work during US business hours with occasional requirement to work with offshore teams early morning or late evening

Keywords: Envision Financial Systems, Inc., Denver , Mutual Funds Operations Specialist, Other , Denver, Colorado