Settlements Specialist

Manulife

Quezon City, Metro Manila
Permanent
Full-time

22 days ago

We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.Working Arrangement HybridJob DescriptionJob SummaryThe Settlements Specialist is focused on the validation and processing of all cash and income transaction activity initiated from our various Investment Offices. The individual is expected to be a team player and assist with tasks that need to be done within the overall Securities Administration department. This is a multiple incumbent position. This role covers North America and Asia territories.Role and ResponsibilitiesThe Settlements Specialist is responsible for the administration of various investment portfolio activity including:

Input transactions into the Company’s book of record, based on information received from Bank Statements and authorized personnel from the regional offices and head office
Work with other departments within Securities Administration – Data Management, Transaction Management, Reconciliation Team, Data Quality and Securities Accounting
Produce Cash Statements from various custodial websites and save them to a shared drive for the various offices to retrieve
Regular involvement in problem resolution and investigations with custodial banks and the regional offices and head office
Timely investigation and response to internal client inquiries pertaining to the status of activities of assigned portfolios
Daily forward all cash entries with proper back up documentation to Supervisor/Manager
Work within existing procedures and processes ensuring clear and concise documentation is created and maintained as such procedures and processes evolve over time
Remain familiar with relevant securities industry developments specifically those impacting the activities of assigned portfolios and/or internal clients and custodial service provider
Exercise initiative to assist department management in review and analysis of established procedures and processes, making recommendations to ensure that efficient and flexible service is always provided to clients
Provide assistance to other team members and management team when required
Adhere to and reinforce established SOX documentation
Participate in inter-department cross training to ensure continuity of service
Additional duties as assigned.

Qualifications

Candidate must have at least 2 to 3 years working experience in a securities environment
Must be a graduate of any business courses preferably Management Accounting, Finance, Economics or any related specialization
Must have fundamental knowledge in investments particularly securities instruments and corporate action events
Investment banking knowledge
Excellent written and verbal communication skills
Strong conceptual skills, diagnostic, analytical and problem-solving skills and ability to exercise flexibility and judgment
Ability to work in a tight deadline oriented environment
High level of accuracy and keen attention to detail
Demonstrate initiative and great team work

Technical Skills:

Strong computer skills
Ability to use MS Office applications especially Excel (knowledge in Macro function is an advantage)
Bloomberg navigation experience and knowledge is a plus

Product Specific Knowledge:

Excellent knowledge and understanding of Securities instruments and trade cycle
Excellent understanding of the different Corporate Actions
Knowledge on settlements, foreign exchange, derivatives and banking processes

Process Specific Knowledge

Knowledge in investment banking, wire processing, foreign exchange, and custodial reporting process
Corporate Action knowledge and income activities such as dividend and interest income

About Manulife and John HancockManulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges, and under ‘945’ in Hong Kong.Manulife is an Equal Opportunity EmployerAt Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact .

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