Manulife
Financial Services
SeniorReconciliationSpecialist
Neural analysis suggests this role is
optimal for Senior candidates.
“Senior Reconciliation Specialist at Manulife. Skills: Reconciliation, Securities, Cash transactions, Portfolio administration. Perform daily cash and transactions reconciliations. Provide treasury with opening balance adjustments”
What You'll Achieve.
Meet deadlines stipulated in Service Level Agreement; Ensure all outstanding items are resolved in a timely manner; Ensure efficient and flexible service is provided
Industry & Context.
Investigative support; Problem resolution; Exception investigation; Analytical ability; Problem-solving skills; Critical thinking
Act as back-up Team Leaders/Manager
What They're Looking For.
Must Have
Bachelor's Degree in Investment and Finance, Accounting, or similar fields, Minimum 5 years work experience in reconciliation, Experience in a banking or securities administration environment, Knowledge of securities instruments, Knowledge of foreign exchange, Knowledge of other alternative investment, Computer literate with proficiency in Microsoft Office applications
Nice to Have
Investments accounting knowledge is an advantage, CISI designation or any equivalent is a plus, Knowledge of back-office accounting systems such as SimCorp Dimaension, Bloomberg, DUCO, Aladdin and custodian reporting systems is an advantage, Experience with PowerBI, PowerApps, automation tools (VBA, robotics), or machine learning is an advantage
What You'll Do.
Perform daily cash and transactions reconciliations
Provide treasury with opening balance adjustments
Complete daily holdings reconciliations
Provide daily reporting of discrepancies
Review daily cash balances and transactions
Provide sign off for completion of recon
Communicate findings to reconciler
Ensure timely completion of action based on findings
Perform efficient reconciliation and review of portfolios
Provide investigative support to business units and Portfolio
Perform timely and accurate comparison of security position
Establish and maintain cordial relationships with stakeholders
Reconcile securities holdings
cash balances and cash transactions
Perform initial investigation of reconciliation exceptions
Coordinate resolution with operations team and external parties
Review reconciliation exceptions of cash balance
Work with other departments to resolve outstanding items
Maintain daily and monthly reconciliations filing
Sign off all daily reconciliations to meet deadlines
Work within existing procedures and processes
Create and maintain clear documentation
Provide training support to junior colleagues
Lead and participate on business governance calls
Recommend and initiate process improvements
Recommend and initiate improved controls
Recommend and initiate improved service
Aid in delivery of compliance requirements
Aid in delivery of audit requirements
Aid in delivery of regulatory requirements
Lead projects such as system transitions
Participate in projects such as system transitions
Lead projects such as process transformations
Participate in projects such as process transformations
Remain updated with relevant industry development
Remain updated with market-specific best practices
Act as back-up Team Leaders/Manager
Participate in industry-specific training
Participate in interdepartmental cross-training
Remain familiar with relevant securities industry developments
Exercise initiative to assist management in review and
Make recommendations for efficient service
Make recommendations for flexible service
Provide assistance to other team members
Provide assistance to management team
Adhere to established SOX documentation
Reinforce established SOX documentation
Participate in inter-department cross training
Perform additional duties as assigned
How You'll Work.
Team & Collaboration
Coordinate resolution with operations team; Coordinate resolution with external parties; Work with other departments; Collaborate with business units; Collaborate with Portfolio Managers; Interdepartmental cross-training; Assist other team members; Assist management team
Communication Scope
English skills; Oral communication; Written communication; Comprehension skills
Process & Methodology
UAT, Process transformation
Full Job Description
The Senior Reconciliation Specialist (L6) performs as a reconciler and a reviewer/solver. As a reconciler, he/she is responsible for the daily cash and transactions reconciliations between internal books and the custodian, providing treasury with opening balance adjustments, and completing daily holdings reconciliations between the internal and external records. They also provide daily reporting of discrepancies to securities accounting and treasury. As a back-up reviewer/solver, he/she is responsible in reviewing the daily cash balances and transactions and provide sign off for completion of recon. He/She is also expected to communicate findings to reconciler and ensure timely completion of action based on findings. **Position Responsibilities** The Senior Reconciliation Specialist will be responsible for efficient reconciliation and review of Manulife Investment Management portfolios and provision of investigative support to related business units and Portfolio Managers. This includes timely and accurate comparison of security position, cash balance and cash transaction with custodians. Establish and maintain cordial relationships with various stakeholders including internal and external parties. The Reconciliation Specialist is also responsible for the administration of the assigned investment portfolio activity including: Reconciliation of securities holdings, cash balances and cash transactions across all portfolios. Perform initial investigation and coordinate resolution with the different operations team and external parties. Review of reconciliation exceptions of the cash balance, cash transactions and holdings for all portfolios. Continuously work with other departments within Investment Division to ensure all outstanding items are resolved in a timely manner. Maintain daily and monthly reconciliations filing with proper back up documentation. Sign off all daily reconciliations to meet deadlines stipulated in Service Level Agreement Work within existing pro
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