Financial Operations Associate

Overview

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

Responsibilities

• Own quarterly and monthly automated RIA and TPA fee processing, including:
  • Payment processing
  • Research and correction of errors/variances
  • Trade confirmation
  • Payment instruction delivery to the Trust
• Respond to and/or resolve RIA/TPA-related issues, questions, and inquiries
• Coordinate custom reporting and delivery of RIA information to various firms
• Submit RK HD tickets needed for fee enhancements, research, and/or reporting
• Maintain compliance for Credit Memo and RK Loss databases according to published Table of Authority (TOA)
• Oversee the managed account and fiduciary service product process
• Perform monthly allocation of fund revenue (SubTA and 12b1’s) into plan holding accounts and manage the participant fee equalization process
• Conduct QC for quarterly wrap fee calculation
• 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 release of monthly or quarterly payments to third parties
• Support 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 PC tools including Excel, Word, and PowerPoint (Access a plus)
• Strong written and verbal communication skills
• Ability to handle multiple priorities
• Bachelor’s degree in accounting or finance preferred

Compensation & Benefits

• Salary: $64,000

Location

• Virtual/remote role. For virtual remote positions, an uninterrupted virtual work space is required, with family care in place during business hours. Internet speed requirement is 25 Mbps or better for individual use. If more than one person uses the same internet connection in the same household or building, a stronger connection is required. For call center roles specifically, equipment must be hardwired directly to the internet router or the workstation must be in close proximity to the router.

Equal Opportunity

Equal Opportunity Employer