Financial Operations Associate

Overview

This role is responsible for day-to-day handling of a variety of 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, and 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
  • Delivery of payment instructions to the Trust
• Respond to and 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
• Reconcile monthly billed revenue, insurance, and mutual fund commissions, and coordinate the release of monthly or quarterly payments to third parties
• Provide dashboard reporting and QC of RIA payments
• Partner 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 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 all virtual remote positions, candidates must have:

• An uninterrupted virtual work space with no distractions
• Family care in place during business hours
• Internet work speed of 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
• Ability to meet call center requirements (if applicable): hardwire equipment directly to the internet router or ensure the workstation is in close proximity to the router

Compensation & Benefits

• Compensation: 64k

Equal Opportunity

An equal opportunity employer.