AllianceBernstein

  • International Financial Control Associate

    Location : Location US-TX-San Antonio
    ID
    2019-6751
    Category
    Operations & Technology
    Position Type
    Full-Time
  • Company Overview

    OPS Group Description:
    The International Financial Control Department is responsible for reconciling all transfer agency related bank
    accounts, reconciling distributions to shareholder accounts and handling all associated money movements
    including weekly commissions and Service Fee payments. Other duties also include collecting and reporting
    data that is used for the Fund’s Financials and the input of the fund Net Asset Value (NAV) and timely delivery
    of NAVs and contract notes for each Custodian bank. In addition, the International Financial Control department
    also acts as liaison to Global Fund Accounting, Corporate Accounting and the custodian banks.

     

    Company Description:
    AB is a leading global investment management firm that offers high-quality research and diversified investment
    services to institutional clients, individuals and private clients in major markets around the world. AB employs more
    than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend
    strategies, and alternative investments, and, through its subsidiaries and joint ventures, operates in more than 20
    countries. AB’s research disciplines include fundamental research, quantitative research, economic research and
    currency forecasting capabilities. Through its integrated global platform, AB is well-positioned to tailor investment
    solutions for its clients. AB also offers independent research, portfolio strategy and brokerage-related services to
    institutional investors.

     

    AllianceBernstein is an equal opportunity employer.  We do not discriminate based race, color, creed, national origin, sex, age, disability, marital status, sexual orientation or citizenship status.

    Responsibilities

    This position will be responsible for reconciliation of all settled financial activity within the Transfer Agent (TA).
    This includes the balancing of incoming subscription orders as well as outgoing redemption proceeds. The
    position also requires reconciling distributions specific to dividends, commissions, and service fees for bank
    accounts held at State Street Bank, Brown Brothers Harriman and Citibank. In addition, to reconciling accounts,
    the position is responsible for the input of the fund Net Asset Value (NAV) into our record-keeping application
    and the timely delivery of NAVs and contract notes for each Custodian bank; as well as to aid in the protection
    of the Firm from both internal and external fraud.

     

    The key job responsibilities include, but are not limited to:
    • Submit daily wires via the custodian bank applications
    • Reviews as-of transactions report
    • Reduces the liabilities of the Firm by closing open items within 15 days
    • Contacts internal ABIS processing units to resolve trade discrepancies
    • Communicates with Fund Accounting, Corporate Accounting and custodian banks to relate net activity to the
    funds and necessary money movement
    • Perform ancillary tasks related to bank account activity
    • Support other functions within the Offshore Financial Control Department as business needs arise and
    availability of the individual permits
    • Responsible for the input of the Fund Net Asset Value in the ABIS record-keeping Corfax application and for
    the timely delivery of NAVs and contract notes for each custodian bank.

    Qualifications

    Qualifications, Experience, Education:
    • 4 year college degree or equivalent work experience
    • Working knowledge of Microsoft Outlook, Word, Excel, and Access

    Skills:
    • Professional, personable, and responsible in manner.
    • Organized, thorough, and conscientious. Establishes priorities and follows through on tasks to completion.
    • Strong verbal and written communication skills.
    • Strong problem solving and analytical skills. Number and detail-oriented.
    • Ability to work independently and cooperatively in a team setting.


    Special Knowledge (if applicable): Knowledge of mutual funds, financial or business operations including: banking,
    securities, and bookkeeping - preferred


    Location: City/State/Country: San Antonio, TX, USA

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