Financial Operations Associate

This is a fully remote position, open to applicants in Florida, +5 more states.

📋 Description

• Manage daily financial operations, including quarterly automated recordkeeping, payment processing, and distribution for RIA and TPA.

• Oversee and administer the RIA database.

• Process billing for Government Savings, managed accounts, Newport Insurance tasks, SubTA billing, AFCA deposits, and fee equalization.

• Take ownership of quarterly and monthly automated RIA and TPA fee processes, including payment processing, error and variance analysis, trade confirmation, and payment instruction delivery.

• Address and resolve inquiries, issues, and questions related to RIA/TPA.

• Coordinate the custom reporting and delivery of RIA to various firms.

• Submit RK HD tickets for enhancements, research, and reporting related to fees.

• Maintain and ensure compliance with the Credit Memo and RK Loss databases as per the published Table of Authority.

• Oversee processes related to Managed Account and Fiduciary service products.

• Allocate fund revenue into plan holding accounts and manage participant fee equalization.

• Conduct quarterly quality control for wrap fee calculations.

• Generate invoices and process outgoing wires using journal entries for Government Saving contracts on an annual, quarterly, and month-end basis.

• Reconcile billed revenue, insurance, and mutual fund commissions.

• Facilitate monthly or quarterly payments to third parties.

• Report and perform quality control on RIA payments through dashboards.

• Collaborate with the Strategic Business Consultant and client service teams to address questions and enhance the advisor payment experience.

• Manage and prioritize multiple projects simultaneously.

• Assist with additional assigned tasks and projects.

• Exhibit Ascensus’s I-Client service philosophy and core values in everyday activities.

⛳️ Requirements

• Proficient in PC applications including Excel, Word, and PowerPoint.

• Knowledge of Access is advantageous.

• Strong skills in both written and verbal communication.

• Ability to manage multiple priorities effectively.

• A bachelor’s degree in accounting or finance is preferred.

• A dedicated virtual workspace is essential for remote positions.

• Family care arrangements must be made during business hours for remote roles.

• An internet speed of 25 Mbps or higher is required for individual use.

• If the same internet connection is shared with multiple users, a stronger connection is necessary.

🏝️ Benefits

• Option for virtual remote work.

• Requirement for an uninterrupted virtual workspace.

• Family care arrangements expected during business hours for remote associates.

• Internet speed must meet the requirement of 25 Mbps or better for individual use.

• Equal Opportunity Employer.