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Sr. Associate, Trust Operations
HighTower Advisors
2021-12-03 08:50:22
Houston, Texas, United States
Job type: fulltime
Job industry: Banking & Financial Services
Job description
Sr. Associate, Trust Operations
Houston, TX, USA Req #285
Tuesday, May 11, 2021
The Firm
Founded in 2008, Hightower is a wealth management firm that provides investment, financial and retirement planning services to individuals, foundations and family offices, as well as 401(k) consulting and cash management services to corporations. Hightower's capital solutions, operational support services, size and scale empower its vibrant community of independent-minded wealth advisors to grow their businesses and help their clients achieve their vision of "well-th. rebalanced." Based in Chicago with advisors across the U.S., the firm operates as a registered investment advisor (RIA).
The Role
Reporting to the Vice President - Operations, the Trust Operations Senior Associate will join part of an experienced and energetic team who share commitment to quality, flexibility and professionalism. Our Trust Operations Team is focused on accurately and efficiently, creating, reviewing, and posting a variety of transactions utilizing trust accounting software, policies, procedures, fee processing, preparing internal reports, and opening and closing accounts.
Responsibilities
- Performs Money Movement for all trust accounts as well as agency and custody accounts (ACH, Fed Wire, Check Deposits)
- Monitor cash balances on a daily basis
- Reconciliations for suspense accounts
- Assist with new and ongoing annual account review process
- Cost Basis updates/Tax related inquiries
- Evaluate and process corporate actions
- Generate and mailing invoices, posting payment to client's accounts; Reconcile cash receipts and deposits
- Responsible for daily settlement
- Generate billing for Trust clients monthly
- Fee posting and reporting
- Communicate with all departments to ensure a successful team effort
- Perform other duties and/or special projects as assigned
Required Skills/Experience
- 1-3 years of experience in an operations role
- Experience with Tamarac Reporting, Salesforce, and Fidelity custodial platforms
- Bachelor's degree in business or a related field or the 2X equivalent in practical experience
- Proficiency in Microsoft Office applications, particularly Excel
- Excellent verbal and written communication skills.
- Dedication to providing superior client service
- Detail-oriented, highly accountable to meet quality standards and deadlines.
- Ability to work independently and efficiently.
- Willingness to learn and adapt to changing processes and procedures
- Personal attributes including detail oriented, problem solving, analytical, and ability to develop and maintain effective business relationships
Other details
- Pay Type
Salary