Associate, Conversions

Vestwell•King of Prussia, PA

3d•$65,000 - $70,000•Hybrid

About The Position

Vestwell is growing and looking for a Conversion Associate! This role plays an integral part in supporting various processes that facilitate conversion plans that onboard to Vestwell’s platform. In this position, you will have the opportunity to manage projects, collaborate cross- functionally with internal stakeholders to enhance our onboarding experience, and provide exceptional service to plan sponsors.

Requirements

Undergraduate or graduate degree in Finance or Accounting with a strong academic performance record
Possess a strong aptitude for numbers, and understanding of cash and traditional securities reconciliation
Demonstrate an affinity for learning, creating, and iterating rapidly
Proactive and analytical, able to problem-solve and propose solutions
Demonstrate a high degree of organization and dependability
Ability to prioritize tasks and manage client expectations
Ability to use excel at a high level

Nice To Haves

Experience with collaboration, project management, and CRM tools such as Google Workspace, Slack, Salesforce, Zendesk, and Jira
Possess a good understanding of how mutual funds, stable value funds, and ETFs trade and settle
General knowledge of ERISA rules and requirements, and experience with one or more compliance / record-keeping systems (e.g. SunGard Relius, ASC, FIS)
Qualified 401(k) Administrator (QKA) or higher ASPPA credentials
Relevant record-keeper experience

Responsibilities

Review and record cash and in-kind asset transfers in the trust accounting system
Work with sub-custodians to settle trades from the point of booking, through settlement for mutual funds, stable value funds, and ETFs
Manage all operational aspects of the installation process, including coordinating with Implementation Managers and Investment teams, to successfully transition new and conversion qualified plans onto the Vestwell platform
Ability to work on the deconversion process, including coordinating with receiving record keepers, to liquidate and transfer plan assets from Vestwell’s platform
Coordinate with financial advisors, plan sponsors, prior record keepers, sub-custodians, and/or third-party administrators to determine onboarding or conversion timelines, action items with delivery dates for all parties, and communicate overall project status to all interested parties
Oversee and help ensure other team member action items are completed
Monitor all outstanding conversion wires, ensuring they are prioritized and brought to completion in a timeline manner
Update, maintain, and review client data within CRM systems
Ensure collaboration with all internal teams to meet expected timelines
Support the creation and maintenance of written operating procedures related to assigned functions
Research and resolve any issues that arise in the course of these processes
Provide operational assistance for strategic projects and initiatives
Demonstrate leadership abilities and strong interpersonal skills
Drive to engage team members through training and collaboration
Recommend ideas to facilitate process improvement for the Implementations team