Asset Servicing Specialist - Wealth Operations

About the role

The main purpose of this job is to monitor and process industry Mandatory and Voluntary Corporate Action events as well as, calculating and processing Amortization and Accretion and monitoring Proxy activity, while ensuring timely and accurate posting for events within the Commerce Trust Company client accounts.

Responsibilities

• Perform complex taxation calculations on Corporate Action events to ensure cost basis and transactional accuracy
• Monitor Proxy notices and assist internal partners on client account voting discrepancies as needed
• Track and process Voluntary and Mandatory Corporate Action related activities, including considerable oversight on pending events to ensure client proceeds and records are updated timely and accurately
• Process Calls and Distributions related to Fixed Income positions
• Monitor, research, and resolve out of balances appearing on related reconciliation reports
• Identify and mitigate liability risks associated with corporate actions and alternative asset activities, ensuring accurate balancing and posting across all event types
• Identify opportunities for process improvement and process efficiencies
• Perform other duties as assigned

Requirements

Intermediate knowledge of Traded Security Types and the impact various event types have on other aspects of security processing
Strong analytical skills with ability to solve issues
Strong customer service skills
Ability to think with a growth mindset and recommend ways to streamline processes for efficiency
Motivated and organized initiative-taker with strong attention to detail and the ability to manage multiple priorities
Inquisitive, agile, and strong collaborator with strong written, verbal, and interpersonal communication skills
Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that aligns with our culture and Core Values
Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook

Qualifications

• Associate’s degree or equivalent combination of education and experience required
• 2+ years of Financial Services Industry related experience with securities knowledge required

Skills

• Intermediate knowledge of Traded Security Types and the impact various event types have on other aspects of security processing
• Strong analytical skills with ability to solve issues
• Strong customer service skills
• Ability to think with a growth mindset and recommend ways to streamline processes for efficiency
• Motivated and organized initiative-taker with strong attention to detail and the ability to manage multiple priorities
• Inquisitive, agile, and strong collaborator with strong written, verbal, and interpersonal communication skills
• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that aligns with our culture and Core Values
• Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook

Benefits

• Employer sponsored health, dental, and vision insurance
• 401(k)
• Life insurance
• Paid vacation
• Paid personal time

Pay

Compensation Range: Hourly: $21.40 - $27.65 (Amount based on relevant experience, skills, and competencies.)

Schedule

Monday - Friday: 7:00 AM - 4:00 PM