Fee Reconciliation Analyst

Job Description

The primary role of the Fee Reconciliation Analyst is to ensure that procedures and controls around fee reconciliation processes are effective and efficient; and that such processes should help to prevent significant errors that may arise in negative financial impact to trading teams.

The Fee Reconciliation Analyst will be a key player in reviewing the firm’s existing fee set-ups, resulting calculations and outputs against third-party reporting, identifying unexpected discrepancies, and making efforts to investigate all items that do not agree to third-party statements with the aim of reconciling them.

What You'll Do:

  • Assist in the development of standards, procedures, and internal controls around fee reconciliation activities
  • Perform reconciliations and validations of the firms’ global clearing, exchange, and regulatory fees and rebates as calculated within internal systems against monthly reporting from  third parties such as exchanges and brokers
  • Collaborate with the Fee analyst to research and provide resolutions for unreconcilable items
  • Demonstrate the ability to understand and assist with the resolution of complex requests related to all components of the fee setup and allocation process
  • Proactively monitor fee information on statements and invoices for errors with calculations, input, and variances in fees from one period to another
  • Provide documentation of reconciliations for the purpose of supporting changes to fee schedules and fee accruals
  • Prepare monthly reconciliation reports regarding all fees reconciled
  • Serve as a key liaison between the Business Insights, Trade Accounting, Business Development, and Clearing Teams.
  • Other duties as assigned or needed

 

Skills You’ll Need:

  • Bachelor's Degree Required
  • At least 3 years of work experience in an analytical or business research related field such as Accounting, Finance, and Economics
  • Demonstrate the required skill to perform detailed work accurately and promptly
  • Exemplify good communication skill and ability to communicate professionally with others both verbally and in writing
  • Display analytical and problem-solving skill even under stressful conditions and deadlines
  • Strong written, oral and visual presentation skills
  • Experience with excel, SQL, and python desired, but not required
  • Reliable and predictable availability

Benefits include:

  • Medical, dental and vision insurance
  • Group Term Life and AD&D Insurance
  • Paid vacation plus paid holidays
  • Retirement plan with employer match
  • Paid parental leave
  • Wellness Programs