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HIMCO - Business Operations Specialist
Hartford Investment Management Company (HIMCO) is a team of investment professionals entrusted with over $114 billion in assets under management. These assets are managed on behalf of institutions, sub-advised mutual funds and non-affiliated insurance companies. HIMCO is also a wholly owned subsidiary of The Hartford Insurance Group, Inc. and manages assets on behalf of The Hartford’s affiliated general accounts. As part of one of the oldest financial services companies in the United States, HIMCO has developed a strong results-oriented culture based on delivering superior investment solutions to our clients. We thrive on our ability to harness the insights and experience we have garnered over several decades to help our clients face the challenges of today’s financial markets. While experience is an important contributor to our success in investment management, we also realize the importance of innovation and evolving markets. Accordingly, we have created a structure and culture for our firm that we believe positions our clients to benefit from tomorrow’s opportunities and challenges.
This position is within HIMCO Business Operations, which is responsible for the comprehensive operational support of HIMCO’s Investment Operating Platform including the underlying Investment (IBOR) and Accounting (ABOR) Book of Record. This Business Operations role will be in the Asset Reconciliation and Control team.
WHAT ARE THE RESPONSIBILITIES OF THE POSITION?
This position works closely with various teams across Business Operations teammates. The responsibilities include:
- Performing and analyzing basic position reconciliations between internal HIMCO systems and external custodian banks.
- Assisting with the administration and maintenance of Insurance State Deposits.
- Administration and maintenance of custodian access requests and quarterly reconciliation of access across custodial banks.
- Processing of state deposit and vendor invoices.
- Participate in projects or testing of enhancements as needed.
- Strive for continuous process improvement to fully utilize system capabilities, implement new tools, and streamline processes.
- Establishing and maintaining relationships with custodial banks, and other external parties and always representing HIMCO in a professional manner.
WHAT ARE WE LOOKING FOR?
- BS/BA degree in Finance, Business or related field and 1+ years of relevant experience preferred
- Fundamental understanding of investment products and securities operations
- Basic understanding of technology, including Excel, with the ability to adapt to new and changing systems
- Excellent verbal and written communication skills
- Ability to adapt to changing priorities
- Demonstrate problem solving and critical thinking skills
- Effective time management skills
- Proactive ownership of issues; willing to recommend solutions and take charge to resolve
- Strong customer service focus to provide excellent support to internal and external clients
- Ability to work in a team environment and collaborate with colleagues
WHAT ELSE CAN YOU TELL ME?
As a condition of your employment for HIMCO, you will be required to affirm to HIMCO’s Code of Ethics and understand that you will be required to comply with the disclosure of accounts, holdings and pre-clearance of trades for the accounts of you and your household family members as more fully described in the Code of Ethics Key Points. If you will be deemed to be a “Covered Associate” under HIMCO’s Pay to Play Policy, you will also need to disclose all political contributions that you have given within the past 2 calendar years.
This role will have a Hybrid work arrangement, with the expectation of working in an office (Hartford, CT) 3 days a week (Tuesday through Thursday) and remote on Mondays and Fridays.
Compensation
The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford’s total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:
$66,521 - $79,679Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
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