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Fund Accounting Administrator job in New York City

Vacancy has expired

Amalgamated Bank jobs
New York (NY), New York City
Company Name:  Amalgamated Bank
Company Type:  Certified B Corporation
Industry:  Banking
Employment:  Full-time
Impact Area:  Financial Wellness

Country:  United States
State / Province:  New York (NY)
City:  New York City

Amalgamated Bank seeks a full-time Fund Accounting Administrator to work in its Trust Operations department.  This position administers and supports various products such as
collective and common investment funds (CTFs) and defined contribution plan record-keeping; also provides administrative, operational,
accounting, and control functions in an accurate and timely manner on behalf of
trust clients and the Bank.

Essential Job Functions:

  1. Confirm all securities
    transactions with clearing brokers, banks, agents, and investment advisors, as

  2. Timely and accurately prepare, submit for approval, and
    process all necessary securities transactions and clients’ subscriptions and/or

  3. Verify realized and
    unrealized gains and losses (mark to market) on a monthly basis.

  4. Ensure accuracy of prices
    for all investment (CTFs) positions and, ensure appropriate and timely
    follow-up and resolution of discrepancies and exceptions.

  5. Establish and reconcile daily
    variation margin requirements with broker.

  6. Maintain and reconcile
    premium schedules for future contracts.

  7. Prepare, submit for approval
    and process all instructions for electronic fund transfers relating to

  8. Audit and reconcile daily
    cash and securities movements with clearing brokers, banks, agents, and
    investment advisors, as required.

  9. Prepare, submit for approval
    monthly, quarterly and yearly trial balances on CTF accounts.

  10. Prepare entries for general
    ledger accounting system (Prologue) for preparation of monthly, quarterly and
    or yearly financial statements as directed and approved by management.

  11. Assist management in
    insuring that effective controls and procedures are in place for investments.

  12. Prepare, submit for approval
    and process all properly authorized instructions for cash movements within
    pooled plans.

  13. Audit and reconcile
    positions with investment advisors and perform fund valuations.

  14. Upon receipt of properly
    authorized instructions, review, prepare, submit for approval and process all
    contributions for investments in defined contribution plans.

  15. Reconcile defined
    contribution statements to all submitted transactions.

  16. Establish and maintain a
    neat and accurate filing system for documents related to all funds and plans.

  17. Prepare and submit for
    approval all loan fee payments and draw requests as directed and approved by

  18. Update and maintain accurate
    records with respect to Ultra Loan Fund.

  19. Perform various administrative
    duties as directed by manager.


Knowledge, Skill and Experience Requirements:

  1. Bachelor’s degree or
    equivalent work related experience.

  2. Thorough understanding of
    Depository Trust Company procedures, settlement practices, and product
    knowledge of equities, indexed funds, financial futures, options, and options
    on futures, including the futures deliver process.

  3. General knowledge of
    automated system processing as applied to equities, fixed income, financial
    futures and options.

  4. Comprehensive knowledge of
    the accounting principles, reconcilement process and operational requirements
    relevant to equities fixed income, financial futures and options.

  5. Thorough knowledge of
    personal computers together with the ability to use and develop spreadsheet
    applications in support of all recordkeeping, reconciliations, and fund

  6. Good oral and written
    communication skills.

Amalgamated Bank is an
Equal Opportunity and Affirmative Action Employer, Minorities / Females /
Individuals with Disability / Veterans

AmeriCorps, Peace Corps
and other national service alumni are encouraged to apply

View our Pay Transparency Statement.

Submission of a resume
or any information regarding your qualifications does not constitute a promise
or offer of employment. At Amalgamated Bank, we consider an applicant to be
someone who has interviewed at least once, in person, with the hiring manager.

ref: (SB_8159)
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