ANALYST II, OPERATIONS in Brooklyn, OH at Key Bank- Corporate

Date Posted: 5/25/2018

Job Snapshot

  • Employee Type:
  • Location:
    4900 Tiedeman Road
    Brooklyn, OH
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description


The Mutual Fund Income and ACI Analyst is responsible for the posting of mutual fund income cash and reinvestment activity to the trust accounting system. The analyst is responsible for performing all accounting processes and trading in support of the Automated Cash Investment function (sweep) for all client accounts on the trust custody system. The analyst reconciles units on a weekly/daily basis to fund company records. The analyst will reconcile statements to the Global Plus trust accounting system on a monthly basis for manually traded funds. The analyst processes all Dividend Option changes requested by the LOB. The analyst would be responsible for researching and resolving reconciliation exceptions within timely standards. The analyst is the backup to the Cleveland Clinic and U of M 401A and 403B and BIA desk.


  • Receive and post cash and/or reinvestment transactions to the Global Plus custody system from either electronic files, statements or checks
  • Process all Class B to Class A conversions
  • Process dividend options changes requested by the LOB and reseach and resolve any dividend option differences between the custody system and the fund company
  • Responsible for sending the daily file of Networking activity
  • Research position outages with the fund companies and work with the appropriate person to resolve the outage
  • Reconcile suspense account balances for cash payments to ensure a timely and accurate clearing of funds
  • Validate mutual fund statements to the Global Plus custody system
  • Perform participant recordkeeping function for 9 money market funds and 1 Floating NAV Money Market Fund (ACI) Daily participant recordkeeping responsibilities include:
    • Reconciliation of asset positions between Global Plus and fund company records
    • Collects trade information from Global Plus and electronically places trades with the fund companies
    • Communicates participant trades to internal portfolio managers
    • Processes incoming and outgoing wire transfers
    • Communicates wire activity to Treasury Operations and fund companies
    • Balances Global Plus and trade activity
    • Enters income factors on Global Plus
    • Reconciles the month to date income and monthly distribution of income for participants
    • Reconciles and processes participant income on a monthly basis
    • Reconciles ACI Income House Account on a monthly basis and sends to Trust Reconcilement
    • Updates Investment Ops Control Meeting books for monthly variances in ACI & BIA
    • Reconcile Federated Advisor fees monthly and updated excel spreadsheets to be sent to Revenue Administration
    • Reconcile Federated Advisor fees for BIA /Receive and transfer wire to Financial Operations monthly
  • Participate in the testing of system upgrades of Global Plus
  • Create and/or update current procedures as changes occur in the process
  • Reconcile Victory variable NAV Unit Balancing
  • Participate on special projects as necessary
  • Participate in Business Reviews and Continuous Improvement initiatives


  • Four year degree in Business or Finance OR equivalent work experience.
  • Excellent verbal and written communication skills.
  • Proven analytical and quantitative ability.
  • Knowledge of Global Plus system preferred.
  • Prior experience in trust operations preferred.
  • Proven experience and success in a team environment.
  • Proven problem resolution skills.
  • Excellent organizational skills. Ability to manage multiple priorities.
  • Proven ability to demonstrate the Key Values.
  • Ability to learn detailed processes quickly and function independently with limited supervision.
  • Strong peer leadership skills.

KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.

Key Technology and Operations (KTO) is Key Bank’s shared services organization for technology, operational, and servicing functions supporting business partners and clients across all lines of business. Within the overall organization, KTO provides efficient, reliable and secure technology; creates an effective variable cost technology delivery model that maximizes the return on IT spend; orchestrates the efficient use of corporate information and technology assets; and supports innovation that creates competitive distinction. KTO is effective and efficient in payment and deposit servicing, loan servicing, exception and dispute processing, investment and support services, sourcing and procurement, as well as enterprise-wide fraud prevention, investigations and operational support to human resources and the Bank’s BSA/AML program.


KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

JobID: 29459BR

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