Wealth Management Operations Specialist

About the role

The Wealth Management (WM) Operations Specialist II supports the SEI wealth platform back-office operations team and all firm-specific WM Operations processes. This role requires a broad knowledge of WM functions and regulatory requirements.

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 documents 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 actions according to established procedures and policies.
• 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.

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.
• A high level of commitment to accuracy and detail.
• The ability to manage high volume, time-sensitive transactions and situations.
• The ability to work independently and in a team-oriented environment.
• The ability to accept, support, and implement continuous change.
• Active possession or in the process of acquiring either the Certified Securities Operations Professional (CSOP) or the Certified Trust Operations Professional (CTOP) certification.

Qualifications

• Ability to carry out the work of wealth management programs and projects, to include availability to work after hours to support business needs.

Skills

• Strong attention to detail.
• Excellent organizational skills.
• Proficiency in Microsoft Office Suite.
• Knowledge of financial regulations and compliance.
• Experience with trust and securities operations.

Benefits

• Competitive compensation including base salary, bonus, and/or incentive opportunities.
• Comprehensive benefits package providing 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.