What are the responsibilities and job description for the Middle Office Specialist position at Saturna Capital?
Saturna Capital is seeking a Middle Office Specialist to join the operations department under the direct supervision of the Vice President of Operations. The Middle Office Department focuses on trade allocation, settlement for our mutual funds, managed accounts, and institutional accounts. This position also provides back up for the trading department, establishes trading relationships with different broker dealers and works with our custodian to set up foreign market trading.
Location: Bellingham, WA – on site
Hiring wage range: $30.54 - $36.90 (DOE)
Primary duties include:
- Ensures the proper settlement of trades on a daily basis
- Ensures managed clients have sufficient cash available to settle trades daily
- Accurately processes account activity, making adjustments under strict time constraints
- Monitor and work with various types of external industry partners to process trade uploads, rejects, dividend payments and reconciliation daily
- Work closely with the transfer agent and fund accounting departments to perform daily operational tasks such as trading, dividends, and/or wire settlement
- Perform daily cash and stock reconciliations and analyze and resolve complex breaks
- Complete daily position reconciliations between front office and accounting system/order management system
- Ensure adherence to all department procedures, processes, and controls to minimize risk
- Prepare monthly internal control, management reports, and client presentation reporting
Our Employee Benefits package includes:
- Medical coverage; High-deductible/HSA plan offers full family coverage at no cost to employee. PPO plan is covered 100% for employees, P for dependents.
- Vision and Dental Insurance
- Health Savings Account, Employee Assistance Program, regular Wellness activities
- 401(k) with generous match
- Profit sharing, annual performance bonuses, holiday bonus and stock options
- 11 personal and 10 vacation paid days off after first year of service
- 10 paid holidays (per NYSE holiday schedule)
- Paid Bereavement and Jury Duty leave
- Up to $2,000 per month in childcare/tuition assistance
- Adult continuing education and professional development assistance
- Home-buyer/Home Improvement loan assistance program
- Free YMCA gym membership
- Free WTA bus pass
Requirements:
- Bachelor’s degree or equivalent combination of education and experience
- Prior accounting experience preferred
- MS Office and macOS experience
- Obtain FINRA SIE, 7 and 63/66 within 9 months of employment
- Candidates must successfully complete pre-employment requirements such as a logic test, background and credit check, drug screening and reference check.
Founded in 1989, Saturna Capital is an Investment Advisor to several mutual funds and a variety of private clients and pooled investment funds. With an emphasis on sustainability and employee wellness, we strive to be a best place to work in the PNW.
We are an Equal Opportunity Employer and a Drug-free Workplace.
We provide equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. We use E-Verify.
CA Residents, please see our privacy notice here: https://www.saturna.com/privacy-center
Salary : $2,000
