July 11, 2023

Trade Settlement Analyst (KIS)

Location: Rosemont/Chicago, IL

Kuvare is a growth-oriented insurance platform that delivers diversified annuities, life insurance, and supplemental products to the middle-income and mass-affluent consumer segments through its acquisition-led growth strategy. Kuvare provides proven capabilities, strategic support, substantial resources, and patient capital to help insurance companies pursue and achieve sustainable growth opportunities. With its patient capital, Kuvare targets differentiated annuity and life insurance companies to bring into its family of brands.

Summary/Objective

Headquartered in New York City and with offices also in Chicago and Rosemont, IL, KIS is a boutique asset management firm that specializes in building tailored solutions for insurance companies with the goal to deliver superior risk-adjusted returns. Led by a seasoned team of insurance industry investment professionals and asset class specialists, KIS oversees all investment activities for Kuvare’s operating companies. This represents approximately $21 billion in total assets (market value as of September 30, 2022), including core fixed income assets, where KIS partners with leading global asset managers. For more information about KIS, please visit https://kuvare.com/insurance-s....

In support of this business, KIS is searching for an experienced Trade Settlement Analyst to join the Operations Rosemont Team. The Trade Settlement Associate is responsible for the oversight and administrative functions for trade settlement, funding, issue resolution, and account maintenance. The ideal candidate is a self-starter with exceptional attention to detail and the ability to work under tight deadlines.

Duties and Responsibilities

Duties and responsibilities include, but are not limited to

• Ability to self-manage in a high volume, fast-paced environment with strict deadlines.
• Actively monitor trading system to ensure trades are promptly and accurately sent through downstream post-trade functions such as broker allocations, trade affirmations and posting trades to the portfolio accounting system.
• Proactively analyze trade allocation and affirmation discrepancies as needed and resolve accordingly.
• Liaise with internal “clients” (portfolio managers, traders, and portfolio administrators) to provide trading support for all, including trade corrections and new account post-trade setup.
• Liaise with external “clients” (brokers and custodians) to ensure accuracy of their records for on-time trade settlement, including providing manual allocations to brokers as needed to keep failed trades to a minimum. Any delivery rejections (DKs) and/or fails must be resolved immediately.
• Construct custom trade reporting packages and review for accuracy prior to dissemination
• Tackle ad-hoc projects assigned from the CIO, Head of Investment Operations, and/or Portfolio Manager

Upon request, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Requirements

Experience

• Bachelor’s degree in Accounting, Economics, Finance, or related fields
• 0-3 years industry experience preferred
• Competent in Microsoft Office programs, strong Excel skills necessary
• Previous supervisory experience a plus
• Bloomberg experience required
• Working knowledge of financial markets and investment vehicles including short term money markets
• Working knowledge of the settlements process and the lifecycle of a trade is a plus

Skills/Competencies

• Displays excellent organization, time management and planning skills; Ability to manage multiple tasks effectively
• Displays high attention to detail, accuracy, thoroughness, and thoughtfulness.
• Ability to balance big picture with details
• Commitment to meeting identified quality and efficiency standards.
• Commits to satisfying internal and external customers
• Strong interpersonal, verbal, and written communications skills
• Strong analytical and problem-solving skills
• Analytical mindset and ability to work effectively and lead cross-functional teams
• Comfortable working in a small company environment
• Ability to collaborate with key partners and business leaders.
• Demonstrated ability to deliver results under pressure in a tight timeframe.

Physical Demands

• Normal office working environment
• Occasional evening and weekend hours to meet deadlines
• Travel may be required

Kuvare company is an equal opportunity employer that makes hiring decisions based on merit, qualifications, and the business need. We are dedicated to a policy of nondiscrimination in employment on any basis including age, sex, color, race, creed, national origin, religious persuasion, marital status, political belief, or disability that does not prohibit performance of essential job functions. We encourage all qualified candidates to apply.

Apply for this role