Corporate Actions Processing Consultant

job
  • Madison-Davis, LLC
Job Summary
Location
Iselin ,NJ 08830
Job Type
Contract
Visa
Any Valid Visa
Salary
PayRate
Qualification
BCA
Experience
2Years - 10Years
Posted
02 Jan 2025
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Job Description
  • Daily notification to trading groups and our clients of upcoming cash and stock dividends, and corporate actions information. Communication is transmitted via e-mail and through the XCITEK XSP application.
  • Processing of executed stock and cash movements related to dividends and corporate actions. Processing is done through the FIS Phase3 accounting system.
  • Daily transmittal of our intentions through DTC. Tasks within DTCC include knowledge of DTC CA WEB, CLAIMCONNECT, EDS, SDAR, Liability notice (180 Letter) and DTC Portal functionality.
  • Ongoing communication with trading desks and our clients on updates during the life cycle of an active Voluntary and Mandatory reorganizations, including stock splits, name changes, tender offers, etc.
  • Daily reporting and communication on international stock and cash dividends. Liaise with local market agents overseas (Euroclear & Clearstream) Must be knowledgeable of tax treaties on foreign dividends and local market processing
  • Must be familiar with dividend processing related to securities lending and ADR/ORD conversions
  • Must be familiar with dividend claim processing for International stock borrow/loan contracts
  • Back-up to other departmental members and security master/static data setup responsibilities.
  • Candidate must have at least 5 or more years experience relating to the processing of cash and stock dividends and corporate actions events. Must be well aware of time restrictions and local market practices
  • Must have knowledge of DTCC and the associated functionality that pertains to dividends and corporate actions elections. Knowledge of FIS Phase3 and XCITEK XSP applications beneficial
  • Extensive verbal and electronic correspondences as many of our clients are based outside of the U.S.
  • Must be a self-starter, with excellent problem solving skills and be able to work under pressure.
  • Possess strong written/oral communication skills. Proficient in Microsoft Word, Excel, Powerpoint.
  • Knowledge of Sungard FIS /Phase3 processing system beneficial.
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