Cash Reconciliations SME
Quezon City, PH
5d ago

Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.

Job Description

The Cash Reconciliations SME’s primary responsibility is to investigate and resolve capital events, redemptions, withdrawal, contributions, and fund distribution / reinvestment related breaks within Manulife Investment Operations’ key reconciliations.

This will span reconciliations between Investment Book of Records vs Accounting Books of Record as well as custodian cash, valuation statements and both internal and external data providers.

The SME will focus both on transaction level breaks as well as analyze trends and root causes that may involve market practice, transfer agency and internal system / sales behavior, reference and static data as well as transaction and trade flows.

Responsibilities :

  • Maintain accurate and timely delivery of reconciliations production and investigation related to cash transaction in various Manulife Investment Funds.
  • Maintain Key Risk indicators and Key Performance Indicator databases and generate insights on trends and recommend solutions by working with Derivatives as well as business support teams.
  • Ensure closure of material breaks on key business cycles such as month-end book close, quarterly reporting, etc.
  • Maintain, challenge and improve reconciliation processes with focus on matching rates, matching criteria, vendor performance and service levels.
  • Connect with Middle Office and Back office cash teams to ensure visibility on systemic issues, workarounds, downtimes that may impact cash forecast and reconciliations.
  • Cultivate a culture of continuous learning to drive true subject matter expertise within the larger reconciliation teams.
  • Requirements

  • Knowledge on execution of transfer agency processes such as settlement cycles and TA prop files.
  • Experience in monitoring expense accruals account or fund income and distributions
  • Prior reconciliation experience and knowledge on fund accounting is an advantage.
  • Atleast 5 years investment bank / asset management / custody / fund accounting experience
  • Ability to manage and collaborate with global stakeholders
  • Excellent communicator who can tailor-fit approach to different audiences
  • Can transform large data into knowledge and insight
  • Can articulate risk and performance indicators and develop and implement action plans.
  • If you are ready to unleash your potential, it’s time to start your career with Manulife / John Hancock.

    About Manulife

    Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better.

    We operate primarily as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions.

    At the end of 2018, we had more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers.

    As of December 31, 2018, we had over $1.1 trillion (US$794 billion) in assets under management and administration, and in the previous 12 months we made $29.

    0 billion in payments to our customers.

    Our principal operations in Asia, Canada and the United States are where we have served customers for more than 100 years.

    With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

    Manulife is committed to supporting a culture of diversity and accessibility across the organization. It is our priority to remove barriers to provide equal access to employment.

    A Human Resources representative will consult with applicants contacted to participate at any stage of the recruitment process who request an accommodation.

    Information received regarding the accommodation needs of applicants will be addressed confidentially.

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