Nq Reconciliation Specialist

Newport, an Ascensus company, helps employers offer their associates a more secure financial future through retirement plans, insurance and consulting services. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. As a provider and partner, Newport is independent, experienced, and responsive. **Job Summary**:  Working closely with internal and external resources, the Reconciliation Specialist performs functions to support Non-Qualified Plan Asset and Liability Management for clients by ensuring financial data integrity of cases and recommending appropriate financial adjustments to Trust accounts and/or plan liabilities. Processes participant payments out of the plan trust. **Essential Functions** _Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions_. * Works with trust/trading platform and internal resources to ensure the plan assets are hedged to the plan liabilities. * Performs quality assurance reviews, daily cash and unit reconciliation * Reconciles cash positions with incoming deposits and pending trades. * Understands general trading functions and the different security types. * Compares system output from multiple systems, reconciles, recommends trades, and communicates status of assets and records. * Identifies and researches discrepancies and takes appropriate action to resolve. * Identifies, analyzes, and assists in executing improvements for any daily administrative processes and procedures. * Assists in the development of additional financial controls and identification of preventative measures. * Manages outgoing payments and tax documentation for plan participants. * Assists in the Trust setup process to ensure required paperwork is complete and accurate. * Analyzes data, reconciles participant records and trust accounts, and resolves asset and data transfer issues. * Effectively interacts with vendors, the team, and other areas of the firm. * Works in a fast-paced, demanding environment under tight deadlines. * Ensures final work products are of high quality, provided in a timely fashion and adhere to internal guidelines, plan descriptions, and sample calculations. * Focuses on learning in everyday activities and events * Collaborates with and openly shares knowledge with colleagues * Regular, reliable, and punctual attendance   **Required Education, Experience and Certificates, Licenses, Registrations** * Two years’ experience in financial service industry with knowledge and experience in trust setup, reconciliation, and asset transfer. * Working knowledge of MS Excel and Word. **Preferred (but not required) education or skills for this role** * Bachelor's degree (B. A.) from four-year college or university. **Competencies** * Customer Oriented * Detail Oriented * Verbal and Written Communication Skills  * Independent * Personable  * Planning And Organizing * Resourceful * Team Player * Thoroughness * Time Management * Accuracy * Self-Starter **TRAVEL:  Up to 5**%. **OTHER DUTIES** Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice. _Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com_ _or @futureplan.com_ _email addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about validity of a job posting, we strongly encourage you to apply directly through our website._