Analyst, Tax Overlay & Portfolio Implementation

SEI; Upper Providence Township (PA); Hybrid; USD 75,000 - 115,000; Full time

Benefits offered by this job

Healthcare benefits

401(k) match

Hybrid work environment

Paid parental leave

Back-up childcare

Education assistance

Job summary

SEI seeks an Analyst, Tax Overlay & Portfolio Implementation to support the Managed Account Solutions team within the Investment Management Unit. You will manage daily rebalancing, trade generation, tax management, and account transitions to align with client mandates.

The role requires a four-year degree in business/finance, at least two years in financial services, and strong Excel skills. A hybrid schedule includes three days in the Oaks, PA office.

Qualifications

• Four year undergraduate degree ideally in business/finance or related subject.
• Minimum of 2 years of financial services experience.
• Good communication and strong attention to detail.
• Excellent interpersonal skills / team player.
• Exceptional verbal and written communication skills.
• Strong working knowledge of Excel, with experience using multiple Excel functions and macros.
• Must be able to work with minimal supervision.
• Must be in Oaks office three days per week.

Responsibilities

• On a daily basis identify client accounts for rebalancing and trade generation from manager model changes, drift, tracking error.
• Implement new account opening/closing, invest/raise cash requests and asset allocation changes.
• Facilitate tax management of accounts including harvesting gains/losses; policing wash sales, limiting de minimis trades and monitoring gains budgets.
• Monitor client accounts to ensure they are continually aligned with their investment mandate and tracking error expectations.
• Ensure trade recommendations are consistent across accounts based on established guidelines, security restrictions and social screens.
• Generate and export trades across accounts for execution.
• Perform tax transition analyses and report generation for client proposals.
• Participate in overlay management oversight meetings.
• Work with the middle office teams to implement client specific instructions for accounts.
• Act as a liaison between the Managed Account Solutions team and other departments within the Firm (client support, back office operations, sales etc.)
• Contributing to cross-functional projects focused on improving efficiency, scalability, and client experience.
• Working on special projects as assigned by the team Manager, including research, process redesign, and technology-driven initiatives

Skills

Attention to detail

Interpersonal skills

Verbal & written communication

Independent / self-starter

Team player

Education

Bachelor's degree in business/finance or related subject

Tools

Excel

Job description

The Managed Account Solutions (MAS) team is seeking an Analyst, Tax Overlay & Portfolio Implementation. The MAS team within the Investment Management Unit is responsible for the development, support, and distribution of investment products and services used to support SEI’s multi-manager managed account program. MAS is distributed through the Independent Advisor Solutions, and Institutional market units.

What you will do:

As an Analyst, Tax Overlay & Portfolio Implementation you will be responsible for the daily management, rebalancing and trade generation of client accounts. Activities include:

• On a daily basis identify client accounts for rebalancing and trade generation from manager model changes, drift, tracking error

• Implement new account opening/closing, invest/raise cash requests and asset allocation changes

• Facilitate tax management of accounts including harvesting gains/losses; policing wash sales, limiting de minimis trades and monitoring gains budgets

• Monitor client accounts to ensure they are continually aligned with their investment mandate and tracking error expectations

• Ensure trade recommendations are consistent across accounts based on established guidelines, security restrictions and social screens.

• Generate and export trades across accounts for execution

• Perform tax transition analyses and report generation for client proposals

• Participate in overlay management oversight meetings

• Work with the middle office teams to implement client specific instructions for accounts

• Act as a liaison between the Managed Account Solutions team and other departments within the Firm (client support, back office operations, sales etc.)

• Contributing to cross-functional projects focused on improving efficiency, scalability, and client experience

• Working on special projects as assigned by the team Manager, including research, process redesign, and technology-driven initiatives

What we need from you:

The ideal candidate will possess an understanding of the investment advisory business including a base understanding of investment product types (e.g., managed accounts, ETFs, mutual funds) and investment advisor operations (i.e. portfolio accounting, portfolio rebalancing, corporate action processing, and trade settlements).

• Four year undergraduate degree ideally in business/finance or related subject

• Minimum of 2 years of financial services experience

• Good communication and strong attention to detail

• Excellent interpersonal skills / team player

• Exceptional verbal and written communication skills

• Strong working knowledge of Excel, with experience using multiple Excel functions and macros

• Must be able to work with minimal supervision

• Must be in Oaks office three days per week

What we would like from you:

• Ability and desire to work in a fast-paced, market-oriented environment, capable of working under pressing deadlines

• Detail orientated, able to spot potential issues, and ask questions to avoid errors

• A problem solver, able to logically work through problems and propose solutions as well as challenge and enhance current processes

• Interest in developing a career in the asset management business and pursuit of a MBA or CFA preferred

• Someone who will embody our SEI Values of courage, integrity, collaboration, inclusion, connection and fun.Please see our website for more information. https://www.seic.com/

SEI’s competitive advantage:

To help you stay energized, engaged and inspired, we offer a wide range of benefits including comprehensive care for your physical and mental well-being, a strong retirement plan, tuition reimbursement, a hybrid working environment for most roles, support for working parents and flexible Paid Time Off (PTO) so you can relax, recharge and be there for the people you care about.

Benefits include healthcare (medical, dental, vision, prescription, wellness, EAP, FSA), life and disability insurance (premiums paid for base coverage), 401(k) match, education assistance, commuter benefits, up to 11 paid holidays/year, 21 days PTO/year pro-rated for new hires which increases over time, paid parental leave, back-up childcare arrangements, paid volunteer days, a discounted stock purchase plan, investment options, access to thriving employee networks and more.

We are a technology and asset management company delivering on our promise of building brave futures (SM)—for our clients, our communities, and ourselves. Come build your brave future at SEI.

SEI is an Equal Opportunity Employer and so much more

After over 50 years in business, SEI remains a leading global provider of investment processing, investment management, and investment operations solutions. Reflecting our experience within financial services and financial technology our offices encompass an open floor plan and numerous art installations designed to encourage innovation and creativity in our workforce. We recognize that our people are our most valuable asset and that a healthy, happy, and motivated workforce is key to our continued growth. At SEI, we’re (literally) invested in your success. We offer our employees paid parental leave, back-up childcare arrangements, paid volunteer days, education assistance and access to thriving employee networks.

SEI is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability status, protected veteran status, or any other characteristic protected by law.

AI Acceptable Use in the application and interview process:

SEI acknowledges the growing integration of artificial intelligence (AI) tools into individuals’ personal and professional lives. If you intend to incorporate the use of any AI tools at any stage of the application and/or interview process, please ensure you have reviewed and adhere to our AI use guidelines.