Sr. Associate, Investment Operations
RE Advisers is a subsidiary of the National Rural Electric Cooperative Association (NRECA) and the investment manager for Homestead Funds. With offices in Arlington, VA, the company manages approximately $10 billion in mutual fund, separate account and institutional assets.
The company shares offices with its parent and business units work collaboratively across the organization. NRECA is a not-for-profit organization that serves and represents the nations consumer-owned rural electric cooperatives. NRECA has won numerous awards over including:
100 Best Places to Work - ComputerWorld Magazine
50 Best Places to Work - The Washingtonian
CARE Award Recipient - Recognizing organizations that promote a positive work-life balance
50 Greatest places to Work AARP
Gold Well Workplace - Wellness Councils of America
State of NE Governor's Wellness Award - Grower Level
At NRECA, we work with people who are leaders in their fields. They are down-to-earth, hardworking professionals committed to helping our members serve their communities. Our work is interesting, constantly and evolving, requiring new skills to meet the evolving needs of a dynamic industry. In this collegial, inclusive work environment, united around the compelling purpose and history of electric cooperatives, we thrive. And topping it off, NRECA cares about each persons overall well-being, encouraging health, financial security, and a sustainable work/life balance. EEO/AA- M/F/Disability/Protected Veteran Status/Genetic Data
Sr. Associate, Investment Operations P2
Manage processing of trade activity for all portfolios under strict deadlines. Reconcile portfolio assets between custodian banks and the trade order management system. Manage multiple SharePoint sites shared by multiple interested stakeholders.
Purpose and Mission
Comply with the policies and procedures of RE Investment Corporation, RE Advisers Corporation (REA), and Homestead Funds Manual, which include but are not limited to the rules and regulations under the Investment Company Act of 1940 and USA Patriot Act of 2001. Fulfills all annual regulatory and firm education requirements. Follow all FINRA and SEC regulatory changes as it occurs
Monitor trade activity under strict time deadlines for settlement of all trades for all portfolios managed by RE Advisers. Verifiy payments and delivery instructions with State Street Bank and First Union Bank. Act as a liaison for the trade order management system and brokerage firms, Depository Trust Company, and custodian banks to settle trades, resolving trade issues, thus ensuring settlement.
Ensure reconciliation between the Investment Book of Records within the trade order management system and the custodian banks.
Provide brokerage firms with new account instructions for all in-house managed portfolios.
Evaluate and compile daily reports, cash sheets, and Net Asset Value information.
Process checks as received from class actions, logs the documentation to the Class Action Log, and forwards the check to Finance for deposit.
Produce and research for correctness the Fixed-Income BBB report for Compliance and upload it to the mystatestreet.com dashboard On a monthly basis,.
Ensure all REA correspondences with REA clients are uploaded to the REA Correspondence SharePoint site, and maintain the site for quarterly audit by the Senior Director, Compliance Securities.
Complete equity commissions report for the Equity Portfolio Managers and analyze the data for correctness
Compile the Daily Cap Stock Report for the Distribution team on a daily basis.
Requirements and Qualifications
3-5 years experience in investment/banking operations work environment
Working knowledge of Charles River Development Trade Order management System and Bloomberg E-Vestment system preferred
Experience with mutual fund, investment management and investment analytics
Ability to organize and manage time, multi-task, operate under pressure and prioritize work using effective organization skills.
Ability to communicate, both verbally and in writing, with a diverse audience and employees in a clear and precise manner as demonstrated by prior work experience.
Ability to use Microsoft Office tools (Excel, Word, Power Point) in the day-to-day essential duties of the job as demonstrated by prior work experience.