Mutual Fund Associate - Philadelphia, PA

Janney Montgomery Scott LLC, 1717 Arch Street, Philadelphia, Pennsylvania, United States of America Req #611
Friday, March 26, 2021

The Mutual Fund Associate will handle all functions associated with accounts holding Mutual Fund positions within the Firm. The Associate will also continuously identify process improvements throughout the department with a focus on improving the client experience and modernization of current platforms. The Associate will work closely with other Operations teams and Wealth Management professionals on various day-to-day issues along with Firm and Department initiatives. The Associate must also be self-motivated with a strong focus on Operations and a sense of responsibility to the business.


Essential Duties and Responsibilities:

· Process requests to network mutual fund positions within the firm.

· Monitor trades and interact with Financial Advisors and Private Client Associates in a professional and timely manner.

· Handle a high volume of phone and email inquiries from the field offices and vendors.

· Process cancels and re-bills of trades, input into various systems and communicate effectively with mutual fund companies when applicable.

· Balance daily settlement of NSCC Fund Serve Trading versus Firm internal accounts.

· Process all Fed Wires coming into clearing account for settlement trades, canceled trades, etc.

· Process commissions and 12B-1 fees via NSCC Fund Serve.

· Network and maintain all mutual fund related Firm accounts

· Interface effectively with Operations and Management teams, along with mutual fund companies, and our OMNIBUS Vendor.


Required Skills and Competencies:

· An effective team player who works well under pressure and interacts effectively with others.

· High degree of accuracy and attention to detail; exceptional problem-solving abilities.

· Strong oral and written communication skills in order to interact at all levels of the Firm.

· Strong initiative and time management skills.

· Ability to work in a fast paced environment, work well under pressure and meet deadlines.

· Technically proficient in Microsoft Word, Excel, PowerPoint and Outlook as well as SQL.

· Strong analytical skills and experience with robotic processes (RPA) a plus, along with familiarity with macros.

· Experience using Thomson BETA (Refinitiv) and/or DST Vision a plus.


Required Experience:

· College degree preferred or equivalent experience.
· 3-5 years of related Mutual Fund operations experience preferred.

· Series 7, Series 65, or Series 99 preferred, or the ability to obtain licenses within 12 months of hire.

Other details

  • Pay Type Hourly
  • Janney Montgomery Scott LLC, 1717 Arch Street, Philadelphia, Pennsylvania, United States of America