Senior Reconciliation Specialist
Job Location:
Cebu - Philippines
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
TheSeniorReconciliationSpecialist(L6) performs as a reconciler and a reviewer/solver. As a reconcilerhe/sheisresponsible for the daily cash and transactions reconciliations between internal books and the custodian providing treasury with opening balance adjustments and completingdailyholdings reconciliations between the internal and external records. They also providedailyreporting of discrepancies to securities accounting and treasury.As a back-up reviewer/solver he/she is responsibleinreviewing the daily cash balances and transactions andprovidesign off for completion of recon.He/Sheis also expected to communicate findings to reconciler and ensure timely completion of action based on findings.
Role and Responsibilities
TheSeniorReconciliation Specialistwill be responsible for efficient reconciliationand reviewofManulife Investment Managementportfolios and provision of investigative support to related business units and Portfolio Managers. This includes timely and accurate comparison of security position cash balance and cash transaction with custodians. Establish and maintain cordialrelationshipswith various stakeholders including internal and external parties.
The Reconciliation Specialist isalsoresponsible for the administration of the assigned investment portfolio activity including:
Reconciliation ofsecurities holdingscash balances and cash transactions across all portfolios.
Perform initial investigationandcoordinate resolutionwith the different operations team and external parties.
Review of reconciliation exceptionsof the cash balance cash transactions and holdings for all portfolios.
Continuously work with other departments within Investment Division toensureall outstanding items areresolvedin a timely manner.
Maintain daily and monthly reconciliations filing with proper back updocumentation.
Sign off all daily reconciliations to meet deadlines stipulated in Service Level Agreement
Work within existing procedures and processes ensuring clear and concise documentation is created and maintained as such procedures and processes evolve over time
Provide trainingsupport to juniorcolleagues andnewjoiners.
Actively prepare MIs lead and participate on business governance calls.
Recommend and initiate process improvements and improved controls / service.
Aid in the successful delivery of compliance audit and regulatory facilitated requirements.
Lead or participateinprojects such as system transitions (UAT) process transformations etc.
Remain updated with relevant industry development and market-specific best practices.
Act as back-up Team Leaders/Manager as required participate in a regular program ofindustry-specific training and interdepartmental cross-training to ensure continuity of service.
Remain familiar with relevant securities industry developments specifically those impacting the activities of assigned portfolios and/or internal clients and custodial service provider
Exercise initiative to assist department management in review and analysis of established procedures and processes making recommendations to ensure that efficient and flexible service isprovided to clients at all times
Provide assistance toother team members and management team when required.
Adhere to and reinforce established SOX documentation.
Participate in inter-department cross training to ensure continuity of service.
Additional duties as assigned.
Qualifications:
Bachelors Degree related to Investment and Finance Accounting and similar fields with minimum 5yearswork experience in reconciliation in a banking or securities administration environment
Strongknowledge of securities instruments foreign exchange andotheralternative investment.
Investmentsaccounting knowledge is an advantage
CISI designation or any equivalent isa plus.
Computer literate with proficiency in Microsoft Office applications
Knowledge of back-office accounting systems such asSimCorpDimaension Bloomberg DUCO Aladdinandcustodian reporting systemsis anadvantage.
Experience withPowerBI PowerApps automation tools (VBA robotics) or machine learning is an advantage.
Required Competencies:
Keenattention to details and with a strong analytical ability
Capability to resolve complex problems andtakesperspectiveon existing solutions.
Criticalthinkingandexcellentproblem-solving skills.
High level of accuracy and attention to details.
Ability to react quickly and meet tight deadlines maintaining accuracy and thoroughness
Excellent English skills both oral and written with strong comprehension skills to effectively communicate with internal and external parties
Demonstrate initiative and team player
Ability to adapt to changes and set priorities
About Manulife and John Hancock
Manulife Financial Corporation is a leading international financial services provider helping people make their decisions easier and lives better. To learn more about us visit is an Equal Opportunity Employer
At Manulife/John Hancock we embrace our diversity. We strive to attract develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment retention advancement and compensation and we administer all of our practices and programs without discrimination on the basis of race ancestry place of origin colour ethnic origin citizenship religion or religious beliefs creed sex (including pregnancy and pregnancy-related conditions) sexual orientation genetic characteristics veteran status gender identity gender expression age marital status family status disability or any other ground protected by applicable law.
It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process contact .
Working Arrangement
Required Experience:
Senior IC
About Company
Manulife is a leading financial services group. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions.
