Wealth Management Operations Specialist II

Alerus • Grand Forks, ND

12d • Onsite

About The Position

The Wealth Management (WM) Operations Specialist II is responsible for supporting the SEI wealth platform back-office operations team and all firm specific WM Operations processes. This position requires an understanding of all the duties/knowledge of the WM Operations Specialist. This position will have a broad knowledge of WM functions and regulatory requirements along with performing the due diligence needed to ensure complete and accurate system processing. This position will maintain a client focus and will partner with the investment and sales team members to deliver a superior client experience.

Requirements

• Associate degree or equivalent combination of education and/or related experience in the financial industry.
• Minimum of 3 years of related experience in trust or security operations.
• High level of commitment to accuracy and detail.
• Demonstrate the ability to manage high volume, time sensitive transactions and situations.
• Ability to carry out the work of wealth management programs and projects, to include availability to work after hours to support business needs.
• Ability to work independently and in a team-oriented environment.
• Ability to accept, support and implement continuous change.
• Actively possess or in the process of acquiring either the Certified Securities Operations Professional (CSOP) or the Certified Trust Operations Professional (CTOP) certification.

Responsibilities

• Collaborate with the SEI Operations Team to ensure trades are settled and all income is received for a mixed portfolio of holdings.
• Oversee and ensure the posting to underlying accounts is completed timely, accurately, and with proper coding.
• Serve as the point of contact for trade and income related questions and concerns.
• Review prior year transactions for accuracy.
• Resolve any exceptions and produce and mail client tax document by the IRS deadline.
• Work with tax vendors and support the production of all required tax forms.
• Create schedules and gather documents requested by Common Trust Fund Auditors to facilitate the audit and partnership tax returns for those funds
• Process corporate action according to established procedures and policies. This includes, but is not limited to, monitoring applicable corporate actions, ensuring all corporate actions are responded to timely and accurately.
• Facilitate the production and distribution of WM and Alerus Retirement and Benefits (ARB) client statements.
• Process transactions, including but not limited to, pooled fund inflows and outflows, setting up and booking miscellaneous assets, initiating account transfers and gifts, pledging/un-pledging assets.
• Reconcile cash and house accounts.

Benefits

• Competitive compensation including base salary, bonus and/or incentive opportunities.
• Comprehensive benefits package providing a wide range of health and well-being benefits, including medical, dental, vision, life and long-term disability insurance; and 401(k) and ESOP for retirement savings.
• Generous paid time off programs such as flexible time off, company-paid holidays, parental and bereavement leave.
• Learning and development resources for personal and professional career development, and advancement opportunities.
• Access to financial experts for guidance, financial wellness tools, and discounts on Alerus products and services.
• Support for the communities we live in through paid volunteer time and a company donation match opportunity.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree