Transfers Administrator
Permanent
Salary circa £38,000 - £40,000 pa plus benefits
City of London based (Hybrid Working)
The main purpose of this role will be to support the processing of new SIPP transfer instructions and chasing cases with counterparties to ensure transfers complete in a timely manner. Working with the Transitions team to track and report on assets in transfer and ensure adherence to Service Level agreements, liaising with colleagues and third parties to follow up and update on progress.
Responsibilities:
Check and process transfer requests received from relationship management teams, liaising with third parties regarding settlement and inputting instructions into Pershing NEXUS system
Communicate with counterparties, fund managers and custodians to manage the smooth and timely transition of client assets (to and from)
Efficient tracking and reporting of assets in transfer using the Transfer Tracker system, providing clear and relevant updates to enable the client to monitor progress of the transfer
Monitor reports and systems to check for receipt of funds and assets.
Chasing and validating SIPP transfer information from third parties.
Process payments to clients and third parties in relation to transfers out.
Management of Transitions mailbox, post and telephone queries
Maintain relationships with third party administrators, Fund Managers and custodian
The successful candidate will have:
Knowledge of tax wrapper structures including ISA, SIPP, Offshore Bond
Knowledge of Pershing NEXUS system is an advantage
Strong knowledge of asset transfer process including unit trust, CREST, foreign, certificated and cash movements
Knowledge of Electronic reregistration and Origo and Altus is an advantage
SIPP transfers /Administration experience
Studying towards the IOC certificate or already qualified would be advantageous
Accuracy, thoroughness and attention to detail
Organisation and prioritisation skills to manage own workload to meet deadlines