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Custody Services Administrator

Date:  12-Oct-2021

Melbourne, AU, 3000

Employment Type:  Permanent Full Time

Are you a self-starter with a background in investment operations and tax? Join IOOF!


  • Exciting opportunity to support client investments
  • Join an ASX:200 company at a time of exponential growth
  • Flexibility to work from any of our offices, or from home


IOOF has acquired MLC and is one of Australia’s leading Wealth Management organisations, undertaking a rapid and exciting transformation. We are a strong and resilient business and despite the current difficult Covid related climate, are investing in supporting our people to onboard and connect them remotely to ensure their safety and wellbeing are paramount. It is in this context that we are looking for a motivated individual with a passion to learn, to join our MLC Custody Services team.


The Role

As part of the Custody Services team, you will be responsible for accurate and timely investment processing in managed funds or equities, monitoring announcements on ASX, and maintaining investments for clients. Following an in-house custody model, you will be administering capital and income transactions, corporate actions such as: scheme of arrangements, bonus issues, buy-backs, takeovers, redemptions, restructures, IPOs, rights issues, share purchase plans and consolidations. Investment administration in managed funds or equities.


The responsibilities will include but are not limited to the following:


Key Responsibilities:

  • Processing and managing income or capital transactions within SLA timeframes
  • Checking daily for upcoming corporate actions and maintaining the corporate actions register
  • Collating testing documentation for tax operations sign off for corporate actions
  • Interpreting tax operations advice for complex corporate actions and processing accordingly
  • Ensuring correct tax consequences have been applied to clients’ investments
  • Managing and processing proxy votes
  • Build strong business relationships to prioritise requests when required
  • Assist in resolution of queries with internal and external departments
  • Keeping up to date with current legislation changes and upcoming corporate action announcements


To Be Successful in This Role You Will Possess:

  • Experience in finance/securities industry
  • A tertiary qualification in Business or Finance (RG146-PS146 compliant preferred)
  • Knowledge of investments and the Australian market
  • Advanced proficiency in Microsoft Excel
  • Strong attention to detail and problem-solving skills
  • Open mindedness and passion to learn
  • Excellent organisational skills and communication skills
  • Proactive and can-do attitude
  • Previous experience in Investment, custody operations with related skills in corporate actions will be well regarded



  • In return, we offer development opportunities at an ASX top 200 company
  • A professional, supportive and friendly culture
  • A range of corporate and lifestyle benefits


The Business

IOOF is one of Australia’s leading wealth management organisations, undertaking a rapid and exciting transformation. The IOOF group has been helping Australians secure their future since 1846. During that time, we have grown substantially to become a leading provider of quality financial services. We now manage and administer more than $200 billion of client monies and are listed on the Australian Securities Exchange in the ASX top 200 (ASX:IFL).


To Apply

Please submit your resume with a covering letter by clicking on "Apply Now".


Applicants will be required to provide evidence of their eligibility to work in Australia, and at a minimum be required to undertake police and basic credit checks as a condition of employment.


Please note that applications from agencies will not be considered at this time.


IOOF is an inclusive and equal opportunity employer. We encourage applications regardless of race, ethnicity, age, religion, gender, national origin, disability status, or any other characteristic protected by law. If you need assistance or an adjustment during the application process because of a disability, it is available upon request.


Given IOOF is currently undergoing an Organisational Design process, please be aware that it is anticipated that organisational change will occur.

Apply now »