Corporate Action Specialist - Wealth Operations

Commerce Bank•Kansas City, MO

1d•Hybrid

About The Position

The main purpose of this job is to monitor and process industry Mandatory and Voluntary Corporate Action events as well as, calculating and processing Amortization and Accretion and monitoring Proxy activity, while ensuring timely and accurate posting for events within the Commerce Trust Company client accounts.

Requirements

Intermediate knowledge of Traded Security Types and the impact various event types have on other aspects of security processing
Strong analytical skills with ability to solve issues
Strong customer service skills
Ability to think with a growth mindset and recommend ways to streamline processes for efficiency.
Motivated and organized initiative-taker with strong attention to detail and the ability to manage multiple priorities.
Inquisitive, agile, and strong collaborator with strong written, verbal, and interpersonal communication skills
Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that aligns with our culture and Core Values
Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook
Associate’s degree or equivalent combination of education and experience
2+ years of Financial Services Industry related experience with securities knowledge

Nice To Haves

Knowledge of Alternative Assets preferred

Responsibilities

Perform complex taxation calculations on Corporate Action events to ensure cost basis and transactional accuracy
Monitor Proxy notices and assist internal partners on client account voting discrepancies as needed
Track and process Voluntary and Mandatory Corporate Action related activities. This includes considerable oversight on pending events to ensure client proceeds and records are updated timely and accurately.
Process Calls and Distributions related to Alternative Asset positions
Monitor, research, and resolve out of balances appearing on related reconciliation reports
Identify and mitigate liability risks associated with corporate actions and alternative asset activities, ensuring accurate balancing and posting across all event types
Identify opportunities for process improvement and process efficiencies
Perform other duties as assigned