Non-ERISA Trading & Reconciliation Analyst II

Company Overview

PCS Retirement, LLC, a subsidiary of FSG Parent L.P., is one of the nation's largest independent and conflict-free retirement solution providers in the industry. PCS provides recordkeeping services to 19,000 plans and 850,000 eligible participants representing more than $26 billion in assets under administration. PCS' comprehensive retirement solutions platform includes business development tools for financial advisors, a data-driven recordkeeping technology that supports all types of retirement plans [401(k), 403(b), 457, Cash Balance, Defined Benefit, Non-Qualified], individual retirement accounts (including payroll deduction IRAs), and health savings accounts. 

At PCS Retirement, we cultivate an environment built on trust, where every team member is empowered to take ownership and contribute to our shared vision. Through collaborative teamwork we foster growth, both personally and professionally, ensuring that together we exceed expectations and achieve remarkable success.  

To learn more, visit https://www.pcsretirement.com/

Job Summary

Responsible for performing multiple trading and cash reconciliation functions in a daily valuation retirement plan environment. Support trading, settlement, and cash reconciliation of funds.   

Job Responsibilities   

• Process daily and complex trade requests on internal recordkeeping system across multiple custodians and databases, including processing, checking and sending trade files 
• Process internal and external manual trade requests, involving numerous calculations and manipulations in Excel, and update recordkeeping system accordingly
• Complete cash reconciliation of multiple and high-volume transactions, research discrepancies, communicate findings to various internal departments, and track resolution of outstanding items
• Take ownership of tracking, reviewing, and resolving trade rejects, including working with multiple custodians as well as internal departments when necessary and communicate effectively with appropriate parties involved
• Identify, research, and resolve fund variances on multiple systems, both internal and external, and update recordkeeping system when necessary
• Complete daily settlement/confirmation of trades from multiple custodians on internal   recordkeeping system, including verifying accuracy and research and resolve exceptions
• Verify, process, and, as necessary, research reinvest cash dividends on internal recordkeeping system
• Monitor, evaluate, and process requests from group email inboxes and Salesforce cases, ensuring timely and accurate completion in accordance with strict internal deadlines 
• Create weekly reporting on outstanding reconciliation items and disburse to a predetermined list
• Research system errors by investigating inconsistencies caused by trading and cash activities
• Manage daily cash processing, including processing ACH transactions and reporting daily  deposits across multiple custodians and databases 
• Track, verify, and generate reporting on trade reject and cash activity using Salesforce CRM 
• Review exceptions and identify risks pertaining to trading and uninvested cash
• Provide trainings and support for internal and offshore support team 
• Perform additional responsibilities and projects as assigned  

• Bachelor’s Degree in Business Administration or Finance preferred
• 3-4 years’ experience working with retirement plans/financial industry and/or organizational equivalence
• Salesforce experience preferred
• Experience in trading, bank reconciliation, bookkeeping, accounting, or retirement plan reconciliation preferred
• Intermediate skillset in Microsoft Office, with focus on Excel
• Excellent written and oral communication skills
• Ability to exercise independent and mature judgment, prioritize workload, & maintain confidentiality required
• Proven ability to work in high pressure environment with deadlines
• Possesses the ability to display a range of characteristics, including calmness under pressure, a positive attitude, excellent communication and interpersonal skills
• Must be able to work independently as well as in a group setting and maintain tight schedules
• Sitting, typing and computer monitor viewing for extended periods 

Remote Work Information

For all virtual remote positions, in order to ensure employees can effectively perform their job duties with no distractions, we require an uninterrupted virtual work space and there is also an expectation of family care being in place during business hours. Additionally, there is an internet work speed requirement of 50 MBps or better for individual use. If more than one person is utilizing the same internet connection in the same household or building, then a stronger connection is required. If you are unsure of your internet speed, please check with your service provider. Please ensure that you are able to meet these expectations before applying.

Compensation Information

The average salary for this position is expected to be between $48,000 and $60,000/year however, base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. We do not anticipate candidates to be paid at the top of the range however, from time to time, it may occur on a case-by-case basis. Other rewards and benefits may include: 401(k) match, medical, dental, vision, life insurance, short and long term disability, paid-time off, etc. For more information, please visit pcsretirement.com/careers

Additional Information

As an employer, PCS believes our success depends on diversity, inclusion, and mutual respect among our team members. We want to look like our customers, and we recruit, develop, and retain the most hardworking people from a diverse candidate pool. We are committed to making all employment decisions based on business need, merit, capability, and equality of opportunity. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state, or local protected class.