Business Specialist

Federated Hermes, Inc.; Warrendale (Allegheny County); Hybrid; USD 55,000 - 75,000; Full time

Benefits offered by this job

Bonus programs

Paid vacation

Parental leave

Volunteer day

Hybrid in-office schedule

Job summary

Federated Hermes is seeking a Business Specialist to support the operations, reporting, and administration of Non-40 Act Funds. This role reviews new accounts, handles account maintenance, and monitors trading activity to ensure accuracy and regulatory compliance.

The position requires strong analytical and organizational skills, attention to detail, and the ability to manage multiple priorities in a fast-paced environment.

Qualifications

• Bachelor's degree or comparable experience required.
• Minimum 1 year of business experience; 3+ years preferred.
• General knowledge of the mutual fund industry.
• Proficiency in Microsoft Excel; Advanced proficiency preferred.
• Familiarity with databases for reporting, analysis, and data management.
• Familiarity with data reconciliation and data analysis required.
• Experience identifying process improvements, workflow efficiencies, and automation opportunities preferred.
• Strong analytical, organizational, problem-solving, and communication skills required.

Responsibilities

• Review new accounts and perform account maintenance.
• Monitor trading activity and reconcile data to ensure accuracy.
• Prepare reports for management and key stakeholders.
• Support day-to-day operational needs of the funds and their investors.
• Partner with internal teams, service providers, and clients to resolve issues and improve processes.

Skills

Excel proficiency

Data analysis

Mutual funds knowledge

Communication skills

Attention to detail

Multi-tasking

Education

Bachelor's degree or comparable experience

Tools

Databases

Data reconciliation tools

Job description

Federated Hermes Career Opportunity #9752

Hybrid

Federated Hermes is seeking a Business Specialist to support the operations, reporting, and administration of Non-40 Act Funds. This role is responsible for reviewing new accounts, account maintenance, and trading activity; reconciling and analyzing data; preparing reports for management and key stakeholders; and supporting the day-to-day operational needs of the funds and their investors. The Business Specialist will partner with internal teams, service providers, and clients to resolve issues, support business processes, and help ensure operational accuracy and compliance.

Success in this position requires strong analytical, organizational, and communication skills, as well as exceptional attention to detail and the ability to manage multiple priorities in a fast-paced environment. The Business Specialist will analyze data, resolve discrepancies, support process improvements, and contribute to reporting and operational initiatives while ensuring accuracy and adherence to fund requirements. This opportunity is ideal for a detail-oriented professional with an interest in investment products and fund operations who enjoys working with data, solving problems, and collaborating across teams.

At Federated Hermes, we help investors achieve their goals through innovative investment solutions and a commitment to long-term value creation. As a leading global asset manager, we offer expertise across equity, fixed income, alternative and private markets, multi-asset, and liquidity management strategies. Our teams support a wide range of institutional and intermediary clients, providing trusted investment management and engagement services around the world.

Specifications include:

• Bachelor’s degree or comparable experience required; degree in Business, Technology, or a related field preferred.


• Minimum 1 year of business experience required; 3+ years of business experience preferred.


• General knowledge of the mutual fund industry preferred.


• Proficiency in Microsoft Excel required; Advanced proficiency preferred.


• Familiarity with databases for reporting, analysis, and data management preferred.


• Familiarity with data reconciliation and data analysis required.


• Experience identifying process improvements, workflow efficiencies, and automation opportunities preferred.


• Strong analytical, organizational, problem-solving, and communication skills required.

Our Investment in You

We believe our employees are our most important asset! Therefore, we offer benefits programs designed to help you and your family thrive, training programs to advance your professional development and opportunities for you to give back to the community. Our offerings include:

• A competitive total compensation package, including bonus programs designed to recognize and incentivize our employees to do their best every day


• Time off programs including paid vacation, parental leave and a volunteer day to help you stay healthy and connected to the things that are important


• Opportunities to expand your professional network within the firm and the community through participation in programs such as the Women in Investing Employee Resource Business Group and the University Ambassador Program.


• Location: Warrendale, PA 15086 (Hybrid in-office work schedule)


• Hours: 8:30 am – 5:00 pm (overtime as required)

About Federated Hermes

At Federated Hermes, our goals are to help individuals invest and retire better, to help our clients achieve better risk-adjusted returns, and to contribute to the positive outcomes in the wider world. We pledge to always putting our clients first and to acting responsibly and transparently. Our commitment to active investment has enabled us to become a leading investment manager with $911.6 billion in assets under management; serving investors around the world.

We provide career opportunities that enable our employees to grow and meet their career aspirations while balancing the needs of their personal lives. We offer a collaborative environment that promotes doing things the right way and always with integrity, sharing ideas to drive positive change, and following through on our commitments. We are motivated by a higher purpose and always consider the impact of our work. We promote teamwork and foster a diverse, inclusive and respectful workplace where unique perspectives, ideas and experiences are recognized and appreciated for the contributions they bring.

Federated Hermes, Inc. offers a competitive salary and benefits package along with a professional environment.

Only those candidates in whom we have an interest will be contacted.

We are interested in qualified candidates who are eligible to work in the United States. However, we are not able to sponsor visas.

EOE – Including Disability / Vets

Federated Hermes is committed to providing equal employment opportunities in all aspects of employment to qualified individuals without regard to the following criteria: race, color, national origin, religion, sex, pregnancy, sexual orientation, gender identity or expression, mental or physical disability, age, familial or marital status, ancestry, military status, veteran status or genetic information as well as any other prohibited criteria under any local, state or federal law applicable to Federated Hermes. As part of the firm’s equal employment opportunity statement, Federated Hermes will also comply with applicable government contractor obligations, including ensuring veterans and qualified people with disabilities are considered for employment and promotional opportunities consistent with current federal, state and local laws and regulations. Federated Hermes will also make reasonable accommodations for the religious practices of beliefs of applicants and employees, as well as for mental health or physical disability needs.