Operational Specialist - Boston, United States - Cypress HCM

Description

Operations Specialist (Financial)

Location: Boston, MA

Hybrid: 3 days onsite

Employees: 500| Team Size: 10-15

Industry: 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:

• ad-hoc cash requests including checks, wires, ACH payments, transfers, and receipts.
• 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.
• for identifying, setting up, and maintaining all recurring cash items including bill payments.
• and maintain client payment schedules and reconcile payment processes daily.
• exception reports provided by custodian bank and researching discrepancies, and address discrepancies in a timely manner to reconcile cash balances.
• asset team with asset setup and classification, processing internal account transfers and stock gifting.
• Private Investment Team in processing capital calls and distributions.
• 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:

• degree in financial, accounting, business administration, or related field
• years of progressive experience within Trust operations or Wealth Management
• of Trust Operations procedures and the processing of induvial account transactions
• Excel skills
• communication and ability to meet tight deadlines

Benefits: Medical, Vision, Dental, PTO, Sick Time, 401K matching, stock opportunity

Compensation: 75 – 80K