Associate Analyst, Alternative Investments

LPL Financial LLC; Tempe (AZ); On-site; USD 34,000 - 56,000; Full time

Job summary

LPL Financial LLC is seeking an Alternative Investment Operations Associate Analyst in Tempe to join a fast-paced team focused on recon, transfers, and settlements within Alternatives. You will support design, implementation, and ongoing projects, translating business needs into technical requirements with strong data analysis and reporting skills.

Ideal candidates will have a solid operations background in investments, ability to manage multiple tasks, and effective communication with internal

Qualifications

• 2+ years of industry experience in operations, preferably in alternative investments.
• Strong interpersonal, organization, and communication skills.
• Ability to work in a fast-paced environment and manage multiple priorities.

Responsibilities

• Manage daily processing and service-oriented tasks.
• Reconcile and analyze reports and ensure quality control.
• Communicate with internal teams and external parties to coordinate transfers.
• Support projects and participate in UAT and risk mitigation.
• Leverage technology to automate manual work and improve processes.

Skills

Self-starter

Communication skills

Time management

Attention to detail

Ability to work under pressure

Education

Bachelor's degree in business/accounting/finance

SIE or Series 7 preferred

Tools

Outlook

Excel

VBA

Word

Access

Job description

Alternative Investment Operations Associate Analyst Where Ambition Meets Innovation

Build a career that matches all your initiative with an impressive dose of innovation. From cutting-edge resources and a collaborative environment to the freedom to make an impact and more, you’ll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals.

Job Overview

The Alternative Investment Operations team is comprised of recon, transfers (incoming, outgoing and internal), conversions and dividends/corporate actions. We are seeking a candidate who has previous experience and operational knowledge, specifically in Alternatives. The ideal candidate will need to aide in the design, implementation and ongoing support of various projects. Have an understanding of data analysis, project management, and reporting tools and technology in general to effectively analyze business requirements, track project status, and translate business/regulatory needs into technical requirements. The candidate will also need strong interpersonal, organization and communication skills (written and verbal) to be effective in the role.

Responsibilities

• Manage daily processing and service-oriented tasks.
• Reconcile and analyze reports.
• Responsible for daily quality control, managing error rates, exception review processing and daily reporting.
• Analytical skills to reconcile suspense accounts and validate transactions to ensure compliance with corporate and regulatory policies and procedures.
• Effectively and confidently communicate with other internal departments as well as parties external 3rd including, but not limited to; contra brokers, transfer agents, issuers, vendors and partners.
• Research and process service requests that are created by service teams.
• Support and contribute toward the successful execution of projects and initiatives that support LPL’s priorities.
• Participate in UAT.
• Leverage technology to automate manual work and simplify processes where feasible to create a highly scalable, flexible, and efficient infrastructure.
• Contribute feedback for risk-based mitigation approaches that may yield changes to functions, and departmental requirements.
• Understand and Interpret rule modifications in an ever-changing regulatory environment, and understand the business needs of LPL, our advisors, and other departments.
• Developing quality service standards and processes to create a consistent service experience.
• Handle escalations by both the Service Center and Advisors.
• Other assignments as required by Management.

What are we looking for?

We want strong collaborators who can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client-focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement.

Requirements

• 2+ years of industry experience (preferably alternative investments) in operations

Core Competencies

• Personable and reliable self-starter who requires minimal management oversight for day-to-day work responsibilities.
• Ability to work with and communicate effectively to various levels of management throughout the organization.
• A positive and curious attitude with a willingness to take on difficult and complex situations and see them through to resolution.
• Strong attention to detail with a pro-active approach to solving and preventing problems.
• Ability to work under pressure and manage multiple priorities with conflicting deadlines and urgency.
• Strong time management and organizational skills.

Preferences

• Alternative investments experience Street side operations: settlements, transfers, Purchases and Sales experience
• Microsoft applications, particularly Outlook, Excel, (VBA), Word, and Access
• Bachelor's degree; preferably in business, accounting, or finance
• SIE or Series 7 preferred

Pay Range

$24.71-$41.15/hour. Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play - such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more.

Company Overview

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses.

For further information about LPL, please visit www.lpl.com.

At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.

For further information about LPL, please visit www.lpl.com.

Join the LPL team and help us make a difference by turning life's aspirations into financial realities.

EOE

EOE.

Benefits

We Are LPL Benefits Culture Social Responsibility