Our client is seeking a dedicated Portfolio Reconstruction Specialist to join their dynamic team. This role offers an exciting opportunity to utilise your skills in portfolio administration, asset transactions, and financial data analysis.
You will be instrumental in managing the reconstruction of investment portfolios, ensuring accuracy and efficiency in all processes. The purpose of reconstructing the investment portfolios is to provide accurate, detailed and clear historical and ongoing valuation, performance and tax reporting.

Outside of technical knowledge, the candidate will be working closely with our offshore team to deliver outcomes so they must be a team player and be willing to provide ongoing training and support where needed.

What you'll do:

As a Portfolio Reconstruction Specialist, you will play a pivotal role in managing the reconstruction of investment portfolios to ensure that investment advisers and investors have access to an accurate performance, valuation and tax position for their portfolios. Your day-to-day responsibilities will involve determining the type of portfolio reconstruction required, collecting historical data, creating and pricing manual assets, inputting transaction data, identifying reporting gaps, reconciling asset positions and cash balances. You will also be responsible for identifying variances in cost-bases for trust securities and stapled securities. Your keen eye for detail will be crucial in reviewing unallocated amounts and atypical portfolio variance spikes. Lastly, you will take ownership of any remaining rebuild items identified during the initial onboarding process.

• Determine the type of portfolio reconstruction required: Portfolio Valuation only, Current Financial Year only or Inception rebuild
• Collect historical data including Asset Transaction History, Cash Transaction History, Outside Investments, Unrealised Capital Gains Report, Realised Capital Gains Report and Present-day Portfolio Valuation
• Create and price unlisted asset records for unique assets held in a portfolio
• Input Asset & Cash Transaction Data as per supplied reporting
• Identify gaps in reporting due to corporate actions or externally paid transactions & income
• Reconcile Asset positions, Cash Balance and Unrealised Cost-parcels
• Identify variances in cost-bases for trust securities and stapled securities
• Transaction Match remaining Cash, Asset, and Income lines not completed by the system.
• Review Unallocated Amounts and atypical Portfolio Variance spikes
• Take ownership for remaining rebuild items identified during the initial onboarding process

Main Duties & Responsibilities:

• Liaise with Business Development Managers, Relationship Managers and the Adviser to obtain client requirements and expectations.
• Collect data and documents necessary to complete portfolio reconstruction.
• Manage the allocation of work between this role and the outsourced team: Collect historical data, such as: Asset Transaction History, Cash Transaction History, Outside Investments, Unrealised Capital Gains Report, Realised Capital Gains Report & Present-day Portfolio Valuation
• Input Asset & Cash Transaction Data per supplied reporting. Identify gaps in reporting, primarily due to Corporate actions and externally paid transactions & income
• Reconcile: Asset positions, Cash Balance & Unrealised Cost-parcels
• Identifying variances in cost-bases, particularly for trust securities and stapled securities: Replace cost-parcels for stapled securities & Eliminate distributions which affect cost-base
• Transaction Match remaining Cash, Asset, and Income lines not already completed by the system.
• QC & Review of Unallocated Amounts and atypical Portfolio Variance spikes prior to finalising rebuild.

Ideally:

The ideal Portfolio Reconstruction Specialist will bring a wealth of knowledge, and ideally minimum 2 years’ experience in a similar role. You will have an understanding of markets, including trade & settlement exchange mechanics and corporate actions. Your knowledge of asset class history will aid in understanding potential errors in portfolio valuations during reconstructions. Your technical ability with Excel, including filtering, sorting & ordering data, VLOOKUP, Pivot Table, IF statement, Text to Columns Find and Replace, will be crucial. A sound mathematical understanding is essential, as is tax knowledge including Capital Gains Discount, CGT Rollover Relief adjustments to cost-base AMIT Excess / Shortfall Tax Deferred Capital Returns Beneficial Ownership.

If you possess FULL AUSTRALIAN WORK RIGHTS and reside in Sydney, NSW then please press 'Apply Now' or send your updated CV to: [email protected]