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    Operations Specialist - Boston, United States - Cypress HCM

    Cypress HCM
    Cypress HCM Boston, United States

    1 week ago

    Cypress HCM background
    Description

    Job Description

    Job DescriptionOperations Specialist (Financial) Location: Boston, MA Hybrid: 3 days onsiteEmployees: 500| Team Size: 10-15Industry: Law Firm The Operations Specialist will provide analytical support to the Wealth Management and Investment Sector. This person will support back-office functions and will be heavily involved in reviewing cash and asset requests, entering custodial accounting systems with proper coding, and sending taxation and descriptions for approval. Most Important Responsibilities:
    • Process ad-hoc cash requests including checks, wires, ACH payments, transfers, and receipts.
    • Manage assigned request inboxes, review the requests to ensure all necessary information is included and is accurate, and enter requests into the appropriate custodial accounting system.
    • Responsible for identifying, setting up, and maintaining all recurring cash items including bill payments.
    • Create and maintain client payment schedules and reconcile payment processes daily.
    • Review exception reports provided by custodian bank and researching discrepancies, and address discrepancies in a timely manner to reconcile cash balances.
    • Assist asset team with asset setup and classification, processing internal account transfers and stock gifting.
    • Assist Private Investment Team in processing capital calls and distributions.
    • Maintain account and client data on accounting system, including statement setup, client portal setup, address changes, account/client personnel and investment details.
    What you can bring to the table to impact this role, team, and organization:
    • Bachelor's degree in financial, accounting, business administration, or related field
    • 2-5 years of progressive experience within Trust operations or Wealth Management
    • Knowledge of Trust Operations procedures and the processing of induvial account transactions
    • Strong Excel skills
    • Excellent communication and ability to meet tight deadlines
    Benefits: Medical, Vision, Dental, PTO, Sick Time, 401K matching, stock opportunityCompensation: 75 – 80K
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