HUB24 leads the wealth industry as the best provider of integrated platform, technology and data solutions. At HUB24, we know the smartest investments start with our people. We are innovative and ambitious, and we move fast.At HUB24, we empower our employees to bring their ideas and creativity to work. Rather than getting bogged down in bureaucracy and red tape, we build a culture that supports our team members to have a real impact on our business and the success of our customers.HUB24 Limited is a company listed on the Australian Securities Exchange (ASX: HUB).As a Corporate Actions Specialist, you will be responsible for processing and managing mandatory and voluntary corporate actions within a non-custody environment, with a strong focus on compliance, efficiency, and accuracy. Working closely with brokers, clearing and settlement participants, and custodians, you will ensure timely execution while maintaining adherence to all regulatory and company policies.A key part of this role is applying tax and cost base knowledge to determine correct treatments for corporate actions, ensuring accurate reporting and reconciliation.Key ResponsibilitiesProcessing Corporate Actions Accurately process and reconcile mandatory and voluntary corporate actions, including dividends, distributions, share splits, rights issues, reconstructions, mergers, and buybacks.Monitor & Process Monitor & process Corporate Action events over Unlisted Managed Funds as well as Listed securities both domestic and foreign.Tax and Cost Base Adjustments Ensure the correct tax treatment is applied for corporate actions, including franking credits, return of capital, and capital gains tax impacts. Accurately adjust the cost base of securities in line with tax rulings and corporate action events.Monitoring Announcements & Regulatory Updates Track corporate action announcements, tax rulings, and regulatory changes to assess impacts on systems, processes, and reporting.Corporate Action Reporting & System Updates Maintain accurate records of corporate actions in Iress and internal administration systems, ensuring all relevant data is correctly recorded and reconciled.Posting Corporate Action Events & Instructions Enter and update corporate action events in the portal, collate instructions, and ensure timely submission to registries and relevant counterparties.Reconciliation & Issue Resolution Reconcile cash movements, security positions, and transactions, proactively identifying and resolving discrepancies while escalating time-sensitive or complex issues.Stakeholder Management Liaise with brokers, clearing and settlement participants, registries, custodians, and internal teams to ensure smooth corporate action processing and resolve queries.Assisting with the Annual Tax Project Process EOFY tax statements in the form of component reallocation across listed and unlisted securities as part of the EOFY tax project.Key RequirementsMinimum 2 years financial services experience in related position.Experience with Corporate Action processing.Knowledge of Australian securities, Administration of Portfolios, including those held on direct HIN (Non Custody).Knowledge of Compliance monitoring framework.Strong communication skills.MS Excel - Intermediate/advanced skills.Knowledge of domestic and international trading execution and settlement.It is preferred that the successful candidate has:Tertiary qualifications highly regarded.Knowledge of IRESS products and services.Experience in IRESS IPS.Benefits and Life at HUB24 Learn more about our employee benefits HERE.Check out why our people love working at HUB24!We pride ourselves on being an inclusive employer of choice where our people can bring their whole selves to work and feel 100% safe and supported to do so. If you don''t feel you fit this role 100%, we would still love to hear from you. Tell us what you''re interested in - you still might have a skill we didn''t realise we needed!The Recruitment Process:Acknowledgement email once your application has been submitted.Our Talent team will start reviewing your application, if unsuccessful you will be notified.If your application progresses to the next stage, our Talent team will be in touch to discuss your alignment with the role.If youre a person with an impairment or disability, this is an opportunity to share with us any accessibility requirements that you may have for the role.Should you require any accommodations to the recruitment process, please contact recruitment@hub24.com.au and one of our team will be in touch.Interviews can happen virtually or face to face with the hiring manager, or other members of the broader team. Depending on the role, there may be more than two interviews.Communication of outcomes to successful and unsuccessful candidates and feedback provided.*As part of our process, a police check will be conducted on all successful candidates*. Further details on our HUB24 Group Recruitment Privacy Collection notice can be found here.2024 CircleBack Initiative Employer we commit to respond to every applicant.Endorsed by WORK180, we are proud to be recognised as an employer of choice for women.We have been nominated and placed on the BOSS Best Places to work list.Seek Star Awards 2024 - Nominated as a finalist for the Best Employer Brand Initiative. #J-18808-Ljbffr
Job Title
Corporate Actions Specialist