Associate, Custody Operations

Vestwell•King of Prussia, PA

5d•$65,000 - $70,000•Hybrid

About The Position

Vestwell is the financial technology company powering the new savings economy. Our platform redefines how people save for the critical aspects of life across retirement, education, and healthcare savings needs. Vestwell is growing and looking for a Custody Ops Associate! This role plays an integral part in the day to day processing and monitoring of plans on Vestwell’s platform. In this position, you will have the opportunity to collaborate cross-functionally with internal stakeholders to 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 reconciliations
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
Familiarity with custodial platforms, such as Matrix or Schwab
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 incoming cash, wires, and checks coming onto our trust accounting system
Processing of corrections on a plan and participant level on a daily basis
Work with sub-custodians to settle trades from the point of booking, through settlement for mutual funds, stable value funds, and ETFs
Respond to a high volume of complex operational correctional issues for internal teams
Identify and resolve discrepancies in Cash and Share balances
Oversee and help ensure other team member action items are completed
Ensure collaboration with all internal teams to meet expected timelines
Support the creation and maintenance of written operating procedures related to assigned functions
Oversee and audit record-keeping and plan administration components
Monitor deliverables and ensure timely completion of team projects
Investigate and reconcile discrepancies in data and remediate accordingly