Joseph Hartshorn
Ortonville,MI
Summary
Dedicated and hard-working professional with varied financial experience in wealth management, investment operations, account administration, and financial accounting and reconciliation. Excellent analytical and problem-solving capabilities, along with communication and interpersonal skills.
Overview
25
25
years of professional experience
Work History
Business Analyst II, Trust Operations
FIS
03.2019 - 02.2024
- Provided analytical support for the Trust Operations Mutual Funds department of FIS/Reliance Trust, third party processor for the Wealth Management Division at Comerica Bank.
- Provided monthly managerial reports on trading and income processing.
- Trained new personnel in the use of the use of the trust processing system for the transactional postings of the various departmental desks (i.e. trading desk, cash management sweep, income processing, corporate and capital actions, etc.)
- Worked and trained on the conversion project of a new trust processing system.
- Provided back-up for each of the desks during team member absences.
- Responsible for daily trust system balancing for the department, along with reconciliation of the general ledger Fed wire account and the custodial share balances versus the Fund companies' positions.
- Developed procedural documentation to support employee training efforts, and further their understanding of systems and assigned tasks.
- Applied problem-solving skills to analyze and resolve issues impacting daily operations.
- Optimized workflow processes to enhance productivity.
- Learned and adapted quickly to new technology and software applications.
- Used critical thinking to break down problems, evaluate solutions and make decisions.
- Collaborated with other teams in researching and resolving issues that impacted the department.
Senior Trust Operations Analyst
Comerica Bank
07.2017 - 02.2019
- Provided analytical support for the Trust Operations Mutual Funds department of the Wealth Management Division at Comerica Bank.
- Provided monthly managerial reports on trading and income processing.
- Trained new personnel in the use of the use of the trust processing system for the transactional postings of the various departmental desks (i.e. trading desk, cash management sweep, income processing, corporate and capital actions, etc.)
- Provided back-up for each of the desks during team member absences.
- Responsible for daily trust system balancing for the department, along with reconciliation of the general ledger Fed wire account and the custodial share balances versus the Fund companies' positions.
- Developed procedural documentation to support employee training efforts, and further their understanding of systems and assigned tasks.
- Applied problem-solving skills to analyze and resolve issues impacting daily operations.
- Optimized workflow processes to enhance productivity.
- Learned and adapted quickly to new technology and software applications.
- Used critical thinking to break down problems, evaluate solutions and make decisions.
- Collaborated with other teams in researching and resolving issues that impacted the department.
Senior Compliance Analyst /Senior Operations Specialist
Victory Capital Management /Munder Capital
06.2011 - 03.2017
- Created and maintained Charles River trading and compliance system tests to insure security trades and holdings complied with SEC and State regulatory requirements, prospectuses, and the customized investment guidelines for both the company's mutual fund products and individual client accounts.
- Identified, investigated and documented compliance violations and recommended corrective measures.
- Compiled and submitted required SEC regulatory reports (13F/13G/13H).
- Analyzed prospectuses for a newly acquired franchise of mutual funds and developed an array of tests for those funds and their respective benchmarks.
- Researched and extracted securities data from Bloomberg data services.
- Reviewed monthly ratings changes for fixed income securities to insure portfolio compliance.
- Created and maintained various client and company securities restricted lists based on OFAC restrictions, industry restrictions, affiliations, etc.
- Provided adhoc reports and research results to the senior compliance officer.
- Created and updated security asset setup files with appropriate data to be accurately utilized by the trading, compliance, and accounting systems.
- Monitored corporate action event notifications from multiple custodial agents and identified actions that pertained to assets held in the various portfolios.
- Provided appropriate investment teams with all pertinent information regarding actions such as mergers, spin-offs, splits, rights issues, dividend options, etc. and processed the transactions to the participant accounts.
Securities Lending /Investment Fund Analyst
Comerica Bank
10.2004 - 03.2011
- Successfully administered all aspects of the bank's Securities Lending program for client trust accounts.
- Reconciled and reported on client account lending positions.
- Monitored collateral investment and mark-to-market for client accounts, investigated and reported discrepancies to management and the lending agent.
- Distributed monthly income and processed fees to clients, lending agent, and the bank.
- Performed daily and monthly net asset valuations for collective and common trust funds and several short-term cash equivalent (STIF) funds.
- Analyzed and processed corporate transactions such as mergers, stock splits and spin-offs.
- Computed income accruals, amortizations, accretions, and capital gains.
- Allocated monthly and year-end income and capital gains distributions to trust accounts.
- Analyzed fund cash flow requirements and processed appropriate money market transactions.
- Compiled and reported monthly statistics, performance analysis, and annual fund audits.
Education
Master of Science - Finance
Walsh College
Troy, MI1993
Skills
- Financial Accountability
- Process Improvement
- Excellent Written Communications
- Remote Office Availability
- Microsoft Office, Excel and Word
- Microsoft Outlook
- Teamwork and Collaboration
- Dependable and Responsible
- Problem Resolution
- Interpersonal Communications
- Research
- Risk Analysis
- Regulatory Compliance
- Analytical Thinking
- Account Reconciliation
Additional Information
U.S. Army Veteran
Rank: Sergeant
Office Manager - Personnel Administration
Personnel Administration Specialist
Artillery Fire Directions Team Leader / Special Weapons Team
Past experience as a Church Treasurer/Bookkeeper (QuickBooks)
- Completed all financial transactions and bookkeeping functions.
- Presented monthly and annual financial reports.
- Processed all payroll and withholding transactions and filings.
- Conducted a successful $1.6 million building fund program and financially managed the building project.
Timeline
Business Analyst II, Trust Operations
FIS
03.2019 - 02.2024
Senior Trust Operations Analyst
Comerica Bank
07.2017 - 02.2019
Senior Compliance Analyst /Senior Operations Specialist
Victory Capital Management /Munder Capital
06.2011 - 03.2017
Securities Lending /Investment Fund Analyst
Comerica Bank
10.2004 - 03.2011
Master of Science - Finance
Walsh College