Entry Level Operation Specialist

$49,920 - $49,920/Yr

Acara Solutions - Boston, MA

Full-time - Entry Level

Boston, MA

Administrative and Support Services

About the position

The Entry Level Operation Specialist position at Acara Solutions is designed for recent finance graduates seeking to launch their careers in the Investment Banking Industry. This role involves managing trade discrepancies, preparing settlement communications, and ensuring timely processing of transactions while providing superior client service. The position is hybrid and offers a supportive environment for professional growth.

Responsibilities

• Matches or identifies discrepancies in the client's trade economic details compared to counterparty instructions.
• Prepares communication of settlement of securities in different markets to the client's custodian.
• Monitors and resolves any failed trades, cash movements, collateral settlements, or corporate actions.
• Works closely with clients and counterparties to ensure timely and accurate processing of transactions and reporting.
• Understands settlement procedures and restrictions for various markets and asset types.
• Manages daily volume of work, adhering to daily deadlines.
• Utilizes client IMO technology and vendor products for daily transactional processes.
• Collaborates with team members to meet daily requirements.
• Updates team procedures as needed.
• Communicates professionally and timely with internal and external clients and counterparties.
• Provides feedback on counterparty performance and ensures superior client service.
• Responds to client inquiries in a timely and professional manner.
• Understands relevant systems and processes and follows procedures and policies.
• Works with a risk-averse mindset and escalates potential risks, errors, and issues.
• Ensures data privacy and integrity, avoiding and escalating cyber risks.
• Follows BCP protocol and security procedures.

Requirements

• Bachelor's Degree in Finance or Accounting.
• Minimum of 2 years experience in Corporate Actions.

Benefits

• Pay rate: $24.00/hour.
• Hours: 40 hours/week.
• Length: Temp (6 Months).