Financial Operations Associate

Ascensus; Texas; Remote; USD 58,000 - 70,000; Full time

Job summary

Ascensus is seeking a skilled Finance Operations professional to manage day-to-day financial operations, including automated RIA and TPA fee processing, invoice creation, and journal entries for Government Savings contracts. The role emphasizes accuracy, timely reconciliations, and cross-functional collaboration.

You will work with RIA, TPA teams and clients to answer questions, resolve issues, and deliver reliable reporting. A Bachelor’s degree in accounting or finance is preferred.

Qualifications

• PC skills in Excel, Word, and PowerPoint.
• Access a plus.

Responsibilities

• Own quarterly and monthly automated RIA & TPA fee processes.
• Resolve RIA/TPA issues and inquiries.
• Coordinate custom reporting of RIA information to firms.
• Submit RK HD tickets for fee enhancements, research and/or reporting.
• Maintain and reconcile Credit Memo and RK Loss databases per TOA.
• Oversee Managed accounts and Fiduciary service processes.
• Monthly allocation of fund revenue and participant fee equalization.
• QC wrap fee calculation.
• Create invoices and post wires for Government Saving contracts.
• Monthly reconciliation of billed revenue, insurance and mutual fund commissions.

Skills

Excel

PowerPoint

Word

Communication

Education

Bachelor’s degree in accounting or finance

Tools

Microsoft Access

Job description

Ascensus is the leading independent technology and service platform powering savings plans across America, providing products and expertise that help nearly 16 million people save for a better today and tomorrow.

Section 1: Position Summary

This position will be responsible for day-to-day handling of various financial operations activities including but not limited to: quarterly automated Recordkeeping, RIA, and TPA payment processing and distribution, RIA database oversight and management, Government Savings billings, Managed accounts, Newport Insurance tasks, Subta billing, AFCA deposit and Fee equalization process.

Section 2: Job Functions, Essential Duties and Responsibilities

• Owner of the quarterly and monthly automated RIA & TPA fee process. Responsibilities include payment processing, research and correction of errors / variances, trade confirmation, and payment instruction delivery to the Trust.
• Respond and / or resolve RIA / TPA related issues, questions, and inquiries.
• Coordinate custom reporting and delivery of RIA information to various firms.
• Submit RK HD tickets needed for fee enhancements, research and/or reporting.
• Maintenance and compliance of Credit Memo and RK Loss databases according to published Table of Authority (TOA)
• Oversight of the Managed account and Fiduciary service product process.
• Monthly allocation of fund revenue (SubTA & 12b1’s) into plan holding accounts and manage participant fee equalization process.
• QC quarterly wrap fee calculation.
• Create invoices and post outgoing wires using various annual, quarterly, and month end journal entries for Government Saving contracts.
• Monthly reconciliation of billed revenue, insurance and mutual fund commissions. Coordinate the release of monthly or quarterly payments to third parties.
• Dashboard Reporting & QC of RIA Payments
• Work closely with the Strategic Business Consultant team and client service to answer questions and ensure a positive advisor payment experience.
• Ability to successfully prioritize and balance multiple projects concurrently.
• Assist with other tasks and projects as assigned.
• Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day-to-day basis showing your support of our organizational culture.

Compensation: 64k

Supervision

• N/A

Section 3: Experience, Skills, Knowledge Requirements

• PC skills in Excel, Word, and PowerPoint. Access a plus.
• Strong written and verbal communication skills.
• Ability to handle multiple priorities
• Bachelor’s degree in accounting or finance preferred.

For all virtual remote positions, in order to ensure associates can effectively perform their job duties with no distractions, we require an uninterrupted virtual work space and there is also an expectation of family care being in place during business hours. Additionally, there is an internet work speed requirement of 25 Mbps or better for individual use. If more than one person is utilizing the same internet connection in the same household or building, then a stronger connection is required. If you are unsure of your internet speed, please check with your service provider . Note: For call center roles specifically , it is a requirement to either hardwire your equipment directly to the internet router or ensure your workstation is in close proximity to the router. Please ensure that you are able to meet these expectations before applying.

We are proud to be an Equal Opportunity Employer