Corporate Actions Analyst
FNZ Group
NZ Wellington
4d ago

Role Description :

FNZ is an asset custodian. This means we hold client assets in our name as nominee and are responsible for the administration of these assets.

FNZ also administers a number of Australian and Foreign assets on behalf of our clients, and these assets are held with external custodians.

In its operational role the corporate actions analyst manages and processes all corporate events that occur ensuring that the underlying beneficial owners receive the level of service in both accuracy and timeliness that owners would get if assets were held in their own name.

The product range of assets we administer includes Managed funds, Equities and Fixed Interest.

In its analyst role, corporate actions analyst leads, assists and contributes to the review of systems and process to ensure they are efficiently alligned with organisations service goals.

Specific Role Responsibilities :

System Analysis and Advisory

Contribute to the development of standards and processing to ensure timely product delivery, and customer experience.

Identity and propose solutions to administrative inefficiencies to ensure efficient use of organisational resources.

Critically analyse processes relevant to executing customer requests and suggest improvements.

Assist in the formulation of procedures, work flow channels and service manuals.

Engage and seek feedback from relevant staff on proposed improvement / changes to the process and systems.

Closely work with IT department to incorporate new changes to IT system for greater efficiency and accuracy of corporate action processing.

Assist in the implementation of new methods and procedures with line staff.

Undertake review of newly implemented operating procedures and provide advise on further improvements.

Operational Responsibilities

Processing mandatory and voluntary corporate actions on Managed Funds, Equities and Fixed Interest products within Key Performance Indicator targets.

The role will include the allocation of coupon and dividend income,

maturities, fund closures, non income corporate action events such as rights issues, takeovers, stock splits, conversions, share purchase plans, and IPO’s.

Sourcing of all relevant information, either from fund managers, data feeds, Bloomberg, custodian agents or relevant websites i.

e. NZX, ASX, company websites; to ensure corporate actions are processed correctly.

Liaison with the Client Relationship and Support team to ensure all relevant information is communicated effectively to and from underlying clients.

Maintaining internal stock and cash ledger control accounts and clearing them on a daily basis.

Reconciling client holdings versus agent holding to ensure that they match during a corporate action.

Communicating effectively with 3rd parties i.e. fund managers, custodian agents and brokers, to ensure everyone has a clear understanding of both incoming and outgoing corporate event notifications.

Performance Assessment :

Proven Time Management and Planning skills.

Complete tasks accurately, completely and to agreed deadlines / targets (KPI’s) according to the standards and procedures outlined

Ensures that outputs meet required standards and the needs of internal and external clients

Information Sharing / Teamwork

Excellent team player assisting colleagues when necessary

Demonstrate a willingness to take on team tasks and responsibilities

Approach all tasks with drive and enthusiasm

High standard of record keeping

Ensure increased efficiencies with the team operating off the same, up to date, information

Ownership and Responsibility

Demonstrates personal accountability by flagging errors to the Team Manager and taking corrective action promptly

Escalates issues promptly and responds positively to feedback

Experience required :

Corporate actions analysts should have a background and interest in financial markets ideally with exposure to corporate actions.

Tertiary Qualification

Minimum of two years experience in Operations is preferred

Intermediate Microsoft Office (Including MSSQL Server 2008) skills preferred

Attitude to execute, deliver and succeed

High attention to detail

Proven communications skills

Ability to solve Financial Market and IT System issues

Enthusiastic and able to perform role autonomously while being a team player and contributing to the overall success of the team and wider business

Proven project delivery

As in any financial institution we experience busier periods i.e. end of financial quarters which require all staff to pull together and potentially work extra hours as required.

Hence the ability to work well in a team environment and meet deadlines is essential in this role.

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