Dividend & Reorganization Associate

D.A. Davidson•Great Falls, MT

About The Position

The Dividend and Reorganization Associate identifies newly announced mandatory and voluntary corporate events that may affect current client stock records, notifies the appropriate Financial Advisors (FAs), tracks their responses, and processes stock and/or funds according to the elections received for each reorganization event. The associate also maintains accurate payment activity in customer accounts by posting, reviewing, and validating entries for multiple payment and security types. Additional work includes balancing reconciliation reports, responding to branch inquiries, and resolving departmental processing issues.

Requirements

High school diploma or equivalent.
Ability to effectively operate a computer.
Strong computer skills, specifically with Microsoft Outlook, Word, and Excel.
Strong organizational skills and attention to detail.
Familiarity with department policies and procedures.
Strong verbal and written communication skills.
Strong customer service skills.
Ability to troubleshoot and resolve problems independently.
Follow policies and procedures and maintain client confidentiality.
Communicate clearly and in a service-oriented manner using appropriate professional language and grammar.
Ability to work proactively with external and internal clients and relate professionally with others to accomplish work responsibilities and objectives.
Ability to maintain regular, predictable attendance.

Nice To Haves

Strong math and general accounting skills.

Responsibilities

Compute, validate, and post payments to client accounts.
Review stock records and reports to determine customers’ stock ownership on the record date.
Validate and process security payments on the payable date to holders of record.
Verify customers’ total shares and compute dividends due.
Review customer accounts to confirm security payments are processed according to instructions.
Resolve dividend-related problems with customer accounts.
Research and respond to inquiries from branch personnel.
Process bond calls.
Code accounts for ACH or dividend-check instructions.
Reconcile the daily DTC settlement report.
Verify the accuracy of record-date reports.
Reconcile the Bank of New York settlement report.
Adjust record-date positions to ensure holder lists are accurate on the payable date.
Review Beta CLED accounts to reconcile daily payments.
Maintain dividend reinvestment processes for UITs and equities.
Establish and maintain ACH and dividend-check payment instructions for clients.
Identify newly announced mandatory and voluntary corporate events that may affect current client stock records and process them according to the elections received.
Process cash and stock entries to client accounts according to the terms of each reorganization event.
Create notifications for FAs to review and make client elections through BetaLink for securities related to newly announced corporate actions.
Create notices outlining the terms and conditions of each reorganization event and update initial notices as new information is released.
Track and record FA elections made through BetaLink and process according to individual stockholder elections.
Fulfill regulatory requirements for identifying lost or stolen securities.
Identify incoming securities valued over $10,000, run inquiries through the Lost and Stolen Securities Program, and take necessary action based on the findings.
Process monthly UIT terminations by identifying securities due to mature, notifying FAs of options and timelines, reconciling payments against DTC cash settlement, and paying termination proceeds into client accounts.
Research and resolve branch personnel inquiries accurately and promptly.
Perform other duties and responsibilities assigned by the department supervisor or management.

Benefits

Competitive salary
Medical, dental, and vision benefits
Company 401(k) and ESOP contribution
Generous sick and vacation leave
Maternity/parental leave
Paid holidays
Professional development opportunities
Tuition reimbursement, with a $15,000 lifetime cap
Discounted personal insurance, including home, auto, and recreational vehicle insurance
Charitable gift-matching program
Davidson Day of Giving