Account Administrator - Valuations
MILLENNIUM TRUST COMPANY is a rapidly-growing, leading financial services company offering specialized retirement and institutional services. Whether clients are managing corporate retirement assets, running a business or wanting choice beyond traditional asset options, we provide flexible and digital solutions to support our clients’ success. Ultimately, we aim to educate and increase access to investments to help our clients on their journey to retirement readiness, but do not provide investment advice.
Millennium Trust has experienced year-to-year double digit growth and prides itself on its strong, progressive culture. We have been recognized for our tremendous growth on lists, such as Crain’s Fast 50 and Inc. 5000, and have also been recognized for our positive workplace culture on the 2019 Best Places to Work in Illinois list, as well as the 2019 Model Workplace Award and 2018 Champion for Young Professionals Award from the Greater Oak Brook Chamber of Commerce. Millennium Trust employees live out the values of Do Right, Excel, Collaborate, Innovate and Celebrate and deliver the brand promise of going “Above and Beyond,” so each client experiences the highest level of service.
We are always looking to expand our growing team with dynamic and enthusiastic individuals. If you enjoy a collaborative, fun environment that encourages career development, Millennium Trust is the place for you!
POSITION SUMMARY:
The Valuations team is responsible for updating valuations for alternative assets held in custody by Millennium Trust. These updates, received from investment sponsors or other third parties, are processed both manually and through the use of an automated reconciliation system. The Account Administrator – Valuations is responsible for facilitating alternative asset valuation updates through implementation and administration of the reconciliation system and manual processing. The incumbent will work closely with investment sponsors, clients, and various internal departments to resolve any issues that arise. The ideal candidate will be able to multitask while also being detail oriented, flexible and analytical.
ESSENTIAL JOB FUNCTIONS:
- Facilitate asset valuation updates through implementation and administration of the TRecs reconciliation system
- Complete assigned TRecs implementation tasks in a timely manner to ensure that the project progresses, and follow-through with any ongoing responsibilities
- Review and record alternative asset valuation updates, which includes analyzing sponsor statements and reconciling activity to the Trust Accounting System to identify and resolve differences
- Research and resolve complex valuation issues
- Monitor past due alternative asset valuations and assist with periodic and year-end valuation mailings to sponsors and clients
- Ensure all processing consistently meets established service levels and is done with a high degree of accuracy
- Create and maintain written operating procedures related to assigned functions
- Actively share ideas to improve department processes and efficiencies
- Other duties as assigned
EDUCATION, EXPERIENCE AND SKILLS REQUIRED:
- Bachelor's Degree in Accounting, Finance or related field
- 1-3 years of applicable experience
- Ability to be detail-oriented, organized and dependable
- Possess a strong aptitude for numbers and reconciliations
- Operate efficiently, with a high degree of accuracy and follow-through
- Proven ability to both prioritize and manage multiple tasks to completion
- Ability to work effectively and accurately under pressure
- Proactive and analytical, able to problem-solve and propose solutions
- Possess excellent verbal and written communication skills
- Operate with a high sense of responsibility and conscientiousness in delivering results
- Optimistic with a consistently positive and flexible attitude
- Demonstrated computer aptitude and proficiency with Microsoft Excel, Word and Outlook
- Ability to maintain the highest quality of service
- IRA knowledge and experience with alternative investments and data archival systems preferred
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