Sterling Capital Management Portfolio Administrator
Company: Truist Inc
Location: Charlotte
Posted on: May 27, 2023
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Job Description:
The position is described below. If you want to apply, click the
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you can request a reasonable accommodation. Send an email to
Accessibility
(careers@truist.com?subject=Accommodation%20request)
(accommodation requests only; other inquiries won't receive a
response).
Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
Sterling Capital Management is seeking experienced Portfolio
Administrators to perform portfolio accounting, reconciliation, and
reporting. This is an essential and foundational position for the
effective functioning of our business. Precise, organized, and
highly accountable professionals are desired. A successful
Portfolio Administrator combines excellent math and problem solving
skills, a sound proficiency with technology (from Outlook and Excel
to Bloomberg, Advent, and Charles River), and a strong customer
service approach.
Accurate, timely investment account data, generated by Portfolio
Administrators, is critical to supporting nearly every aspect of
Sterling; from portfolio management and trading, to compliance, to
marketing and client service.
Portfolio Administrators oversee portfolio accounting for an
assigned group of institutional, separately managed fixed income
and equity accounts. This requires daily reconciliation of
Sterling's portfolio accounting system to the client's book of
record at custody, with the active resolution of any breaks.
In addition to these core tasks, Portfolio Administrators also
deliver system-generated account statements, provide "customer"
support to multiple internal groups by answering requests, support
the full life-cycle of client accounts from new account onboarding
through portfolio closing, and participate in several auxiliary
activities such as pricing reviews, data validations, and corporate
actions processing.
Core Responsibilities:
Ensure transaction/position integrity in Sterling's records (Advent
APX) against client custodial records, and also to Sterling's OMS
(Charles River) and relevant reference data (Bloomberg, etc.).
Research and remediate reconciliation discrepancies daily. Requires
close and frequent communication (email and phone) with
counterparts at custodial banks and internal settlement team.
Prepare and distribute all month-end accounting and performance
statements, per client specific instructions, for assigned client
list during first 7 business days after month end.
Manage operational aspects of new account onboarding, including set
up of account attributes in portfolio accounting system, data feed
connectivity to custodian, and verifying funding status.
Oversee necessary steps for other operational activities over an
account lifecycle, such as contributions/withdrawals, audit
requests, and account terminations.
Provide internal "customer" support, quickly responding to a high
volume of time sensitive questions and requests from multiple
internal teams.
Skills and Competencies:
Bachelor's degree. Preferably in accounting, finance, or relevant
field.
2+ years of back/middle office financial work experience,
preferably within Asset Management.
Technical understanding of investment markets, securities, security
data, and investment systems.
Direct experience with a portfolio accounting system, preferably an
Advent system.
Excellent overall computer skills with demonstrated proficiency in
several software packages. Familiarity with Bloomberg, Charles
River, Factset and Salesforce preferred.
Strong ability in Microsoft Excel, including vlookups, pivot tables
and macros.
Character Traits:
Accurate - Highly precise and accurate, truly detail oriented. High
degree of personal accountability and high standards. Take
initiative, accept responsibility, and work accurately under
pressure.
Timely - Deliver work on time while juggling multiple competing
demands. Requires a high degree of organization, prioritization,
and focus. Ability to stay calm under pressure and meet
deadlines.
Productive - Efficiently master the workload on a daily basis.
Effectively handling the routine tasks and seamlessly juggling
unplanned, urgent issues that need attention. Committed to ensuring
the job gets done, happily putting in extra efforts and going above
and beyond where needed.
Service oriented - Strong communicator (written and verbal) with
helping, service oriented mindset. Quickly respond to requests with
useful, accurate information. Inspire confidence in our work
product.
Critical thinker - Ability to both follow process and standards
while also thinking critically and creatively to actively problem
solve, trouble shoot, and create solutions to one-off issues.
General Description of Available Benefits for Eligible Employees of
Truist Financial Corporation: All regular teammates (not temporary
or contingent workers) working 20 hours or more per week are
eligible for benefits, though eligibility for specific benefits may
be determined by the division of Truist offering the position.
Truist offers medical, dental, vision, life insurance, disability,
accidental death and dismemberment, tax-preferred savings accounts,
and a 401k plan to teammates. Teammates also receive no less than
10 days of vacation (prorated based on date of hire and by
full-time or part-time status) during their first year of
employment, along with 10 sick days (also prorated), and paid
holidays. For more details on Truist's generous benefit plans,
please visit our Benefits site (https://benefits.truist.com/)
. Depending on the position and division, this job may also be
eligible for Truist's defined benefit pension plan, restricted
stock units, and/or a deferred compensation plan. As you advance
through the hiring process, you will also learn more about the
specific benefits available for any non-temporary position for
which you apply, based on full-time or part-time status, position,
and division of work.
Truist supports a diverse workforce and is an Equal Opportunity
Employer that does not discriminate against individuals on the
basis of race, gender, color, religion, citizenship or national
origin, age, sexual orientation, gender identity, disability,
veteran status or other classification protected by law. Truist is
a Drug Free Workplace.
EEO is the Law
(https://www.eeoc.gov/sites/default/files/2022-10/EEOC_KnowYourRights_screen_reader_10_20.pdf)
Pay Transparency Nondiscrimination Provision
(https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp_%20English_formattedESQA508c.pdf)
E-Verify
(https://e-verify.uscis.gov/web/media/resourcesContents/E-Verify_Participation_Poster_ES.pdf)
Keywords: Truist Inc, Charlotte , Sterling Capital Management Portfolio Administrator, Accounting, Auditing , Charlotte, North Carolina
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