Transition Manager

Description

The Transition Manager works with MITS personnel, clients and their current service providers to develop and implement conversion plans to transfer client’s assets and records from a prior provider(s) to MITS and works with MITS personnel and de-converting clients to transfer assets and records to a successor provider.

Essential Duties/Responsibilities to be performed with or without accommodation

· Develop and present custody and defined benefit conversion action plans to clients and their providers

· Establish custody, master custody, and defined benefit trust accounting structures with clients and code trust accounting system

· Prepare and obtain necessary documentation from transitioning clients

· Ensure accurate plan asset transfer and re-registration process with prior provider(s, client, investment providers, and reconcile transferred assets

· Coordinate process for expense and benefit payment processing with the client during the conversion process

· Develop and manage de-conversion timeline with clients that are leaving MITS

Other Duties/Responsibilities

· Review and issue initial trust financial report to interested parties

· Coordinate process for receipt and wiring of cash from and to the custody client

· Analyze processes, recommend improvements, and implement new procedures

· Educate clients and their auditors in understanding our trust accounting reporting formats and transactions

· Other duties as assigned

Requirements

Experience, Education, Certifications, Licenses required to perform essential functions

· Finance, Business, or Accounting Degree

· Two to four years prior experience as a Conversion Financial Reporting Representative I or equivalent experience at another similar provider

Knowledge, Skills, Abilities required to perform essential functions

· Strong Knowledge of trust accounting and systems usage, including performance measurement and master trust

· Knowledge of investment products and security characteristics, including pricing and accrual methodologies

· Knowledge of Microsoft Word and Excel or equivalent products 

Preferred Qualifications 

· Ability to communicate clearly with internal and external parties concerning positive and negative issues encountered during the conversion process

· Organizational skills and ability to work on multiple priorities within a fixed period of time while delivering accurate information

· Strong project management skills and ability to develop conversion project plans

· Ability to lead client meetings, including material development

· Attention to detail and analytical skills including accounting skills for determining impact on trust accounting transaction processing

· Ability to work in a team environment and manage work performed by those team members without a direct reporting structure