Alt Investment Ops Associate Analyst

Where ambition meets innovation—build a career that matches your initiative with an impressive dose of innovation. From cutting-edge resources and a collaborative environment to the freedom to make an impact, you’ll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals.

About the role

The Alternative Investment Operations team handles reconciliation, transfers (incoming, outgoing, and internal), conversions, and dividends/corporate actions. We are seeking a candidate with previous experience and operational knowledge in Alternatives to aid in the design, implementation, and ongoing support of various projects. The ideal candidate will understand data analysis, project management, and reporting tools to effectively analyze business requirements, track project status, and translate business or regulatory needs into technical requirements. Strong interpersonal, organizational, and communication skills (written and verbal) are essential for success in this role.

Responsibilities

• Manage daily processing and service-oriented tasks.
• Reconcile and analyze reports.
• Perform daily quality control, manage error rates, exception review processing, and daily reporting.
• Use analytical skills to reconcile suspense accounts and validate transactions to ensure compliance with corporate and regulatory policies.
• Communicate effectively with internal departments and external parties, including contra brokers, transfer agents, issuers, vendors, and partners.
• Research and process service requests created by service teams.
• Support and contribute to the successful execution of projects and initiatives that align with LPL’s priorities, including participation in UAT.
• Leverage technology to automate manual work and simplify processes to create a scalable, flexible, and efficient infrastructure.
• Provide feedback for risk-based mitigation approaches that may lead to changes in functions and departmental requirements.
• Understand and interpret rule modifications in an ever-changing regulatory environment while aligning with the business needs of LPL, our advisors, and other departments.
• Develop quality service standards and processes to create a consistent service experience.
• Handle escalations from the Service Center and Advisors.
• Complete other assignments as required by Management.

Requirements

• 2-3 years of wealth management operations experience, preferably in alternative investments.
• Proficiency in Microsoft applications, particularly Outlook, Excel (VBA), Word, and Access.

Core Competencies

• Personable and reliable self-starter who requires minimal management oversight for day-to-day responsibilities.
• Ability to communicate effectively with various levels of management throughout the organization.
• A positive and curious attitude with a willingness to tackle difficult and complex situations.
• Attention to detail with a proactive approach to solving and preventing problems.
• Ability to work under pressure and manage multiple priorities with conflicting deadlines.
• Strong time management and organizational skills.

Preferences

• Bachelor’s degree, preferably in business, accounting, or finance.
• SIE or Series 7 certification preferred.

Pay

Pay Range: $24.71–$41.15/hour. Actual base salary varies based on factors such as relevant skills, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location.

Benefits

LPL offers a highly competitive Total Rewards package designed to support your success at work, at home, and at play. Benefits include 401K matching, health benefits, employee stock options, paid time off, and volunteer time off.

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest-growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions. The firm services and custodies approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. LPL provides a wide range of advisor affiliation models, investment solutions, fintech tools, and practice management services, ensuring advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses.