PFMAM Arbitrage Rebate Analyst

U.S. Bank•Philadelphia, PA

1d•$60,435 - $71,100•Hybrid

About The Position

The PFMAM Arbitrage Rebate Analyst is a financial analyst in PFM Asset Management’s Arbitrage & Tax Compliance Group, based in the Harrisburg, Pennsylvania office. PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc. The role offers opportunities to work with professionals in the firms’ local government investment pool and investment advisory businesses, as well as to support internal and external clients. The Arbitrage & Tax Compliance Group provides federal tax compliance services to clients with tax-exempt and tax-advantaged debt obligations subject to arbitrage rebate regulations. Services include arbitrage rebate and yield restriction calculations, investment cash flow and expenditure allocation analysis, investment valuations, liability forecasting, and related consulting. The analyst will learn applicable regulations, compliance requirements, and how the group supports the firms’ investors and participants. The role has a hybrid/flexible schedule, with an expectation of working in the office three or more days per week and flexibility to work outside the office on other days.

Requirements

Bachelor’s degree or equivalent work experience.
Typically less than one year of related experience.
Strong quantitative, problem-solving, and analytical skills.
Strong working knowledge of Microsoft Office applications, including Word, Excel, and PowerPoint.
Familiarity and comfort working daily with Excel models.
Excellent communication and interpersonal skills, including the ability to develop effective written correspondence and actively listen.
Ability to manage multiple tasks and adapt to a changing, fast-paced environment.
Ability to work successfully in a team environment.
Strong customer orientation.
Detail orientation, strong time management, and organizational skills.
Independent, self-motivated, proactive approach and desire to succeed and grow within the firm.
Integrity and the ability to instill confidence in others.
Initiative, a desire to improve processes, and problem-solving orientation.

Nice To Haves

Prior experience or knowledge of accounting for fixed-income investments, cash and securities reconciliations, bond math calculations, or tax-exempt bond documents.
CPA license.
Knowledge of money market instruments, short- and intermediate-term fixed-income investments, and equity and fixed-income funds.

Responsibilities

Onboard new client accounts, including collecting bond documents and related new-account forms.
Ensure new bond issues are added to the team’s database and reporting tickler.
Prepare tax compliance calculations and reports for PFMAM clients.
Create cash flow analyses, expenditure allocation analyses, and related analyses.
Enter data or use Excel query tools to capture data needed in calculation models.
Review bond documents.
Serve as a resource to internal management and marketing staff.
Work on additional tax compliance or investment management projects.
Work with the Client Services Group to ensure smooth onboarding of new clients and meet the needs of current clients.
Assist with preparing reports and other materials for client meetings.
Support other sales, marketing, and service activities as appropriate.
Learn arbitrage rebate regulations and tax-advantaged debt issuer compliance requirements, as well as the LGIP and other bank businesses.

Benefits

Medical, dental, and vision healthcare.
Basic term and optional term life insurance.
Short-term and long-term disability insurance.
Pregnancy disability and parental leave.
401(k) and employer-funded retirement plan.
Paid vacation of two to five weeks, depending on salary grade and tenure.
Up to 11 paid holiday opportunities.
Adoption assistance.
Sick and Safe Leave accruals of one hour for every 30 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
Incentive and recognition programs.
Equity stock purchase, 401(k) contribution, and pension, subject to eligibility requirements.