Hybrid Intermediary Compensation Operations Lead

Federated Hermes, Inc.; Warrendale (Allegheny County); Hybrid; USD 90,000 - 130,000; Full time

Job summary

Federated Hermes is seeking an Intermediary Compensation Operations Administrator to join our team in Warrendale, Pennsylvania. The role supports payments to financial intermediaries such as broker-dealers and banks, ensuring accurate calculation and distribution of compensation from Federated Hermes domestic funds.

You will interpret agreements, coordinate system-generated payments, and collaborate with client services, finance, accounting, and legal operations.

Qualifications

• Bachelor's degree in Business, Accounting, Finance or a related field.
• Minimum 5 years of business operations experience in financial services is preferred.
• Proficiency in Microsoft Office applications required.
• Experience analyzing information from multiple sources to support decision-making.
• Strong attention to detail with risk and controls awareness.
• Ability to manage multiple priorities and deadlines in a fast-paced environment.
• Excellent interpersonal and communication skills across teams.
• Experience coordinating projects is a plus.

Responsibilities

• Review and interpret agreements with financial intermediaries to ensure compensation terms can be accurately administered and supported operationally.
• Analyze proposed compensation arrangements to determine support requirements, resource needs, and risk exposure; prepare related reports to assist with decision making.
• Establish and maintain intermediary compensation arrangements within company systems in accordance with their contract terms.
• Execute and coordinate the monthly automated process for calculating and distributing compensation related to Federated Hermes domestic funds.
• Collaborate with internal teams, including client services, finance and accounting, and legal operations, as well as vendors to support payment activities, resolve issues, and respond to inquiries.
• Assess business initiatives and product changes affecting compensation, determining system and operational impacts and recommending appropriate risk mitigation strategies.
• Coordinate departmental projects and activities related to internal and external audits, business continuity, procedure reviews, and tax reporting.
• Serve as a technical expert by maintaining knowledge of relevant Federated Hermes and vendor systems, as well as departmental procedures.
• Identify opportunities to enhance processes, improve service quality, strengthen controls, and reduce operational risk through business and system improvements.

Skills

Analytical thinking

Attention to detail

Multitasking

Interpersonal skills

Communication

Problem solving

Education

Bachelor's degree in Business, Accounting, Finance or related field

Tools

Microsoft Office

Job description

Federated Hermes is seeking an Intermediary Compensation Operations Administrator to join our team in Warrendale, Pennsylvania. The role supports payments to financial intermediaries such as broker-dealers and banks, ensuring accurate calculation and distribution of compensation from Federated Hermes domestic funds.

You will interpret agreements, coordinate system-generated payments, and collaborate with client services, finance, accounting, and legal operations.