Entry-Level Operation Specialist

Are you a recent Finance Graduate looking to join one of the top companies in the Investment Banking industry?

Are you looking to start your professional career and grow at an Entry-Level opportunity?

Do you have experience with Mutual funds management?

If you answered yes to those three questions, then apply today!

Acara Solutions seeks highly qualified candidates to work Hybrid with our client in Jersey City, NJ. Interested?

Here's what you'd do:

• A Fund Transfer Product Processing Specialist is an entry-level position responsible for processing various clients' cap stock, expenses, and other cash transactions.
• In addition, the specialist is responsible for cash clearing account reconciliations, cash break resolution, Collateral / Alts transactions, and timely inquiry responses.
• List and describe this position's key responsibilities in concise, comprehensive statements.
• Address what the position holder does to achieve the position's primary purpose.
• Also, check the approximate time spent on each Area of Responsibility.
• Time should be expressed relative to 100%.
• Accurately process clients' cash transactions.
• These include cap stock, expenses, wires, book transfers, expects, and foreign exchange.
• Meet all client deliverables by Funds Transfer procedures and controls.
• Research and resolve all client cash inquiries by Funds Transfer procedures and controls.
• Ensure timely and accurate responses to internal and external clients.
• Promptly escalate sensitive/risk issues to management.
• Assist coworkers when needed.
• Process Collateral, Alts, and blocked account transactions.
• Continually cross-train with other colleagues to assist with coverage during absences.
• Enhance quality and efficiency by identifying workflow improvements.
• Efficiently utilize client's systems and tools/cash products to maximize productivity.
• Keep aware of market changes and impact on cash processes/settlements.
• Understand and monitor cash restrictions.
• Monitor queues throughout the day for transactions.
• Maintain a solid understanding of cash practices and deadlines by market.
• Help to enhance the productivity of the unit.
• Challenge all processes, procedures, and practices.
• Specialists should question inefficient processes and recommend how to improve them to their supervisors.

Here's what you'll get:

Pay: $26.00 /hr

Hours: 40hrs/week

Length: Temp to Direct (6 Months)

Sound like a good fit?

APPLY TODAY

About Acara Solutions

Acara is a premier provider of recruiting and workforce solutions-we help companies compete for talent. With a legacy of experience in a variety of industries around the world, we partner with clients, listen to their needs, and customize visionary talent solutions that drive desired business outcomes. We leverage decades of experience to deliver contingent staffing, direct placement, executive search, and workforce services worldwide.

• Bachelor's Degree in Finance or Accounting
• Minimum of 6 months experience in Mutual funds management

Additional Information:

• Upon offer of employment, the individual will be subject to a background check and a drug screen.
• In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.