Daily notification to trading groups and our clients of upcoming cash and stock dividends, and corporate actions information. Communication is transmitted via e-mail and through the XCITEK XSP application.
Processing of executed stock and cash movements related to dividends and corporate actions. Processing is done through the FIS Phase3 accounting system.
Daily transmittal of our intentions through DTC. Tasks within DTCC include knowledge of DTC CA WEB, CLAIMCONNECT, EDS, SDAR, Liability notice (180 Letter) and DTC Portal functionality.
Ongoing communication with trading desks and our clients on updates during the life cycle of an active Voluntary and Mandatory reorganizations, including stock splits, name changes, tender offers, etc.
Daily reporting and communication on international stock and cash dividends. Liaise with local market agents overseas (Euroclear & Clearstream) Must be knowledgeable of tax treaties on foreign dividends and local market processing
Must be familiar with dividend processing related to securities lending and ADR/ORD conversions
Must be familiar with dividend claim processing for International stock borrow/loan contracts
Back-up to other departmental members and security master/static data setup responsibilities.
Candidate must have at least 5 or more years experience relating to the processing of cash and stock dividends and corporate actions events. Must be well aware of time restrictions and local market practices
Must have knowledge of DTCC and the associated functionality that pertains to dividends and corporate actions elections. Knowledge of FIS Phase3 and XCITEK XSP applications beneficial
Extensive verbal and electronic correspondences as many of our clients are based outside of the U.S.
Must be a self-starter, with excellent problem solving skills and be able to work under pressure.
Possess strong written/oral communication skills. Proficient in Microsoft Word, Excel, Powerpoint.
Knowledge of Sungard FIS /Phase3 processing system beneficial.