NQ Reconciliation Specialist, Newport

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 administr