To manage Brokerage function as per give up agreement for the clearing function. Ensure accurate settlements.
Responsible for processing all invoices received for payment and for undertaking the payment of all creditors in an accurate, efficient and timely manner.
Undertake a variety of financial and non-financial tasks in order to help guarantee the companys revenues; handle the processing of incoming payments along with the issuing of necessary paperwork.
Responsibilities
Payable
Processing accounts and payments in compliance with financial policies and procedures
Performing day to day financial transactions, including verifying, classifying, computing, posting and recording accounts receivables data
Reconcile the accounts receivable ledger to ensure properly posted.
Execution fee setup in the back office system
Registration of broker invoices and reconciliation of trades fees
Instruction of invoices settlement
On board process Establish Give-up agreement
Receivables
Receiving and sorting incoming payments
Managing the status of accounts and balances and identifying inconsistencies
Issuing invoices
Assume the responsibility of receiving and sorting incoming payments with attention to credibility
Update accounts receivable database with new accounts or missed payments
Ensure all clients remain informed on their outstanding debts and deadlines
Provide solutions to any relative problems of clients
Write thorough reports on billing activity with clear and reliable data
Chasing Paying agent to obtain payments
Risk control and supervision:
Monitor activity progress against the goals and take appropriate corrective action as and when it is required
Control and ensure that all tasks are processed accurately and on a timely manner
Identify risk, suggest implementation of a first level of control.
Contributing Responsibilities
Deal with client and brokers issues escalated by the team and share it with the management when appropriate
Participate in client visits and conference calls
client focus
Collaborate /Liaise with other BNPP teams/stakeholders.
Verify discrepancies by and resolve billing issues
Ensure that procedures are updated and validated on a timely manner
Perform and updated the status of the assigned tasks in the daily task checklist.
Review and validation of Give Up Agreement through Egus (or hard copy)
Breaks analysis and dispute resolution
Technical Behavioral Competencies
Strong Communication skills required for an effective liaison with counterparties and internal stakeholders to the reconciliation process. (Middle offices, marketers, traders, credit, compliance and legal)
Proven working experience as Accounts Payable / Accounts Receivable domain
Knowledge of Exchange Traded derivative products /ETD Clearing.
Strong knowledge of Trade Life Cycle.
Experience in Brokerage, Derivative clearing functions, settlement functions Middle Office Operation functions within Investment Banking is favorable.
Flexibility to accommodate business requirements and working hours.
Good Excel skills required.
Specific Qualifications (if required)
Bachelors degree from a college or university
Strong Communication skills and client focus oriented
Fundamental understanding of clearing /Futures Options markets.
Knowledge of all Microsoft Office applications (Excel, Word, PowerPoint, Access)
Skills Referential
Behavioural Skills : (Please select up to 4 skills)
