Financial Operations Associate

Overview

This position is responsible for day-to-day handling of a range of financial operations activities. Core duties include quarterly automated recordkeeping, RIA and TPA payment processing and distribution, RIA database oversight and management, Government Savings billings, managed accounts, and related invoicing, billing, fee equalization, and reconciliation processes.

Responsibilities

• Own the quarterly and monthly automated RIA & TPA fee process, 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 and ensure compliance of 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 & 12b1’s) into plan holding accounts and manage participant fee equalization.
• Conduct QC quarterly wrap fee calculation.
• Create invoices and post outgoing wires using various annual, quarterly, and month-end journal entries for Government Savings contracts.
• Complete monthly reconciliation of billed revenue, insurance, and mutual fund commissions; coordinate release of monthly or quarterly payments to third parties.
• Provide 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 applications, including 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.

Preferred Qualifications

• Bachelor’s degree in accounting or finance.

Compensation & Benefits

• Compensation: 64k

Location

• Virtual/remote roles require an uninterrupted virtual work space, expectation of family care being in place during business hours, and an internet work speed requirement of 25 Mbps or better for individual use. If more than one person is utilizing the same internet connection in the same household or building, a stronger connection is required. For call center roles specifically, hardwiring equipment directly to the internet router or ensuring the workstation is in close proximity to the router is required. Please ensure you can meet these expectations before applying.

Equal Opportunity

Equal Opportunity Employer.