Analyst - Settlements

About Netwealth

Netwealth is a fast-growing fintech company, delivering market leading products with an award-winning and innovative wealth management platform.  We are on a mission to enable people to see wealth differently and discover a brighter future, not just for our clients, but also for our people.

Founded in 1999, with an entrepreneurial spirit, we are one of the fastest growing wealth management businesses in Australia.  With NextGen superannuation and investment technology, we are challenging the status quo.  We are agile and nimble, not stifled by bureaucracy.

We are proud of our team of talented people working hard to make life better for more Australian's.  Our values are who we are, how we tackle decisions, and how we want the world to see us - Curious, Optimistic, Courageous, Collaborative, Agile and Genuine.

The opportunity:

Investment Operations is comprised of the following functional teams: Asset Administration, Corporate Actions, Domestic, International, Managed Accounts, QA Projects & Support, Tax & Technical and Asset Transfers.

Investment Operations is responsible for asset related processes across the Netwealth platform such as, corporate actions, in-specie transfers, international and domestic settlements, managed accounts processing, income processing, taxation, annual tax statements and asset administration.

The role:

• Involvement with implementation of new features, system enhancements and controls
• Completion of User Acceptance Testing for system upgrades and enhancements
• Assist the team with maintaining procedure for team functions
• Completion of all responsibilities within SLA’s
• Ad-hoc tasks and project work (when time permits)
• Assisting with Listed area during busy periods
• Any other duties as advised and/or agreed

Dividends and Distribution Processing

• Reconciling income received on Cash Pool Accounts
• Post reconciled income to client’s accounts
• Following-up Distribution Statements for outstanding fund.

Managed Fund Processing:

• Processing applications and redemptions confirmations
• Reviewing and following up overdue trades
• Key contact for queries on Managed Fund processing
• Processing MF fixes

Term Deposit Processing

• Set up and management of Term Deposits on the platform
• Sending upcoming maturity notices and processing maturities, including early breaks
• Key contact person for queries on Term Deposit processing.

About you:

• You possess knowledge and experience in Investment Operations
• Experience with reconciliation
• Excellent communication skills (written and verbal)
• Strong attention to detail and accurate processing skills
• Strong organisational and time management skills
• Sound problem solving and analysis skills
• An ability to work effectively within a team environment
• Positive and proactive attitude, with the ability to adopt a flexible approach to the role and an ability to adapt to change

Life At Netwealth

At Netwealth, people are our core strength, and we invest in our employees no matter what stage of life they are in.  When you're at your best, we're at our best!

We prioritise the growth of our employees, and you'll be able to learn and develop yourself and your career at Netwealth.  We provide access to further education and diverse training opportunities, and we actively support internal mobility.  32% of our jobs filled in 2023 were from internal candidates.

We have a flexible and adaptable hybrid working policy with the expectation you'll spend 4 days a fortnight coming into our state-of-the-art office.  We're located in the heart of Melbourne's CBD and have all the bells and whistles you would expect - including modern end of trip facilities for your commute to work, and breakfast provided daily.

We have a number of benefits that have been designed with a focus on health and well-being, support and growth.  Some of these include:

• Family-friendly workplace, with parental leave and a kid's holiday programme
• Wellness and lifestyle perks including discounted gym memberships, income protection, flu shots, wellness weeks, shopping and retail discounts, access to financial wellbeing services
• We're a social bunch and love to get together regularly, participating in corporate sporting events, games and trivia nights
• Employee Resource Groups - LGBTQIA, Women of Netwealth, Culture Group, Carers Group
• Support for community involvement through volunteering and our Netwealth Impact Group

Apply now!

Here at Netwealth, we support and encourage everyone to bring their genuine selves to work (it’s one of our core values), and we’re proud of our inclusive and diverse workforce.  We are committed to this through our gender equality, disability, LGBTQIA+, well-being and cultural initiatives.  We are proud to be endorsed and certified by Work180, Family Friendly Workplaces and Great Place to Work.

Are you curious about this opportunity but don't meet every single requirement? Research shows that we don't always apply to jobs we are interested in unless we meet every single qualification. If you are excited about this role but don't tick every box, we encourage you to apply anyway!  If you require any reasonable adjustments throughout the recruitment process, please let us know by emailing people@netwealth.com.au