Financial Operations Associate

Overview

This role is responsible for day-to-day financial operations activities, including quarterly automated Recordkeeping, RIA and TPA payment processing and distribution, RIA database oversight and management, Government Savings billings, Managed accounts, Newport Insurance tasks, Subta billing, AFCA deposit, and fee equalization processes.

Responsibilities

• Own quarterly and monthly automated RIA & TPA fee processing, including payment processing, research and correction of errors/variances, trade confirmation, and payment instruction delivery to the Trust.
• Respond to and/or resolve RIA/TPA issues, questions, and inquiries.
• Coordinate custom reporting and delivery of RIA information to various firms.
• Submit RK HD tickets as needed for fee enhancements, research, and/or reporting.
• Maintain and ensure compliance of the Credit Memo and RK Loss databases according to published Table of Authority (TOA).
• Oversee Managed account and Fiduciary service product process.
• Perform monthly allocation of fund revenue (SubTA & 12b1’s) into plan holding accounts and manage participant fee equalization.
• Conduct QC for quarterly wrap fee calculations.
• Create invoices and post outgoing wires using various annual, quarterly, and month-end journal entries for Government Savings contracts.
• Reconcile monthly billed revenue, insurance, and mutual fund commissions; coordinate the release of monthly or quarterly payments to third parties.
• Complete dashboard reporting and QC of RIA payments.
• Work closely with the Strategic Business Consultant team and client service to answer questions and support a positive advisor payment experience.
• Prioritize and balance multiple projects concurrently.
• Assist with other tasks and projects as assigned.

Requirements

• Proficiency with Excel, Word, and PowerPoint (Access is a plus).
• Strong written and verbal communication skills.
• Ability to handle multiple priorities.
• Bachelor’s degree in accounting or finance preferred.

Virtual/Remote Work Requirements (for virtual remote positions)

• Must have an uninterrupted virtual work space with family care in place during business hours.
• Internet speed requirement: 25 Mbps or better for individual use.
• If more than one person is using the same internet connection in the same household or building, a stronger connection is required.
• Call center roles (if applicable): hardwire equipment directly to the internet router or ensure the workstation is in close proximity to the router.

Compensation

• $64,000 per year

Location

• Virtual/remote position