Cost Basis Associate

Raymond James•Memphis, TN

1d•Hybrid

About The Position

The Cost Basis Associate applies specialized expertise in the securities industry to manage and maintain accurate cost basis, gain/loss, and corporate action data. Using the Cost Basis Reporting System and other approved Raymond James platforms, the associate provides precise, timely, and consistent support to clients and internal departments. The role includes data entry, daily report review, and investigating and resolving discrepancies, with frequent collaboration across colleagues, departments, and branch associates. The position follows a hybrid-friendly schedule, with three in-office days per week at the Memphis, Tennessee Corporate Office. The first 90 days require full-time onsite work, and candidates must live within commuting distance of the home office. Travel is less than 25%.

Requirements

General work experience of 4 to 6 months.
Knowledge of financial markets and products.
Knowledge of fundamental concepts for calculating capital gains and losses.
Knowledge of fundamental investment concepts, practices, and procedures used in the securities industry.
Ability to support business processes using standard office equipment and software, with guidance but not constant supervision.
Clear verbal communication skills to express ideas, request actions, and formulate plans or policies under supervision.
Ability to plan, organize, prioritize, and oversee activities to meet business objectives, with guidance but not constant supervision.
Ability to develop plans or take actions based on recommendations and requirements, with guidance.
Ability to analyze data trends for use in reports that support decision-making, under guidance.
Numerical skills for mathematical operations such as report analysis, under supervision.
Ability to develop, monitor, interpret, and understand policies and procedures and ensure alignment with organizational strategies and objectives, with guidance.
Ability to select and use appropriate office systems under supervision.
Education listed: bachelor's degree in Accounting, Business Administration, or Finance; high school education is also listed as required.
Must live within commuting distance of the Memphis home office.
Must work onsite full-time for the first 90 days.

Responsibilities

Input and maintain data in a Cost Basis Reporting system.
Serve as a team member on issues and projects requiring moderate research and analysis.
Provide feedback on Cost Basis Reporting processes and internal systems, and assist with implementing corrective actions and solutions.
Enter data into company systems and review and verify information for accuracy and accessibility.
Complete operational tasks using established processes, adjusting basic settings or parameters as needed to meet performance standards.
Use standard office software to format letters, memoranda, and routine reports.
Maintain files and records.
Provide courteous service to internal clients and help ensure a positive experience.
Assess compliance with established standards and protocols for routine inquiries.
Support others with basic data management tasks.
Follow mandatory procedures to meet quality standards and comply with external regulatory codes and internal codes of conduct.
Develop and maintain procedural and technical skills through assessment, development planning, training, and coaching.