Market Data Procurement Associate

Stifel Financial Corp.; Memphis, Northern (TN, KY); Hybrid; USD 55,000 - 85,000; Full time

Benefits offered by this job

Health, dental and vision coverage

401k

Paid time off

Job summary

Stifel Financial Corp. is seeking a Market Data Services Specialist in Memphis to manage invoice processing for vendor services and prepare allocations for corporate accounting. You will monitor invoicing, generate scheduled and ad-hoc spend reports, and track MISU credits with NYSE/AMEX and OPRA.

The role also involves maintaining the MDM system and collaborating with the Market Data Procurement Analyst. The ideal candidate has a Bachelor's in Business/Accounting (or equivalent) and 1–3 years

Qualifications

• Bachelor's degree in Business/Accounting or equivalent experience.
• 1-3 years in related field.
• Proficient in Microsoft Excel, Word, PowerPoint, Outlook.
• Familiarity with market data management systems. #LI-JK1

Responsibilities

• Process incoming invoices for vendor services for approval and submission to Accounts Payable.
• Prepare allocations for submission to Corporate Accounting.
• Monitor expected invoicing reports in the MDM system to identify missing or delayed invoicing from vendors.
• Generate spend reporting for business unit management on a scheduled basis and ad-hoc requests.
• Generate monthly reporting for the MISU credit program offered by NYSE/AMEX and OPRA and monitor invoicing to track credits due.
• Monitor, track and update pricing and structural changes to services from vendors to maintain the MDM system.
• Cross train with the Market Data Procurement Analyst to enhance the department's support capabilities.
• Additional Market Data Procurement duties including orders for new service or changes to service and maintenance of user/vendor information in MDM.

Skills

Analytical skills

Mathematical ability

Problem solving

Logical reasoning

Education

Bachelor's degree in Business/Accounting

Equivalent experience & coursework

Tools

Microsoft Excel

Microsoft Word

PowerPoint

Outlook

Job description

What You'll Be Doing

The Market Data Services Specialist processes incoming invoices for vendor services, generates allocations for submission to accounting, monitors expected invoicing for any missing/delayed items, generates reports on an ad-hoc as well as scheduled reporting basis to critical business unit heads for service determinations, generates reporting for MISU credit program to the 3 applicable exchanges and monitors invoicing for proper credits due, monitor, track and update pricing/structural changes from vendors that change invoice reconciliation and allocation calculations.

What We're Looking For

• Process incoming invoices for vendor services for approval and submission to Accounts Payable.
• Prepare allocations for submission to Corporate Accounting.
• Monitor expected invoicing reports in MDM system to identify any issues of missing/delayed invoicing from vendors.
• Generate spend reporting for business unit management on a scheduled basis as well as ad-hoc report requests.
• Generate monthly reporting for the MISU credit program offered by NYSE/AMEX and OPRA and monitors subsequent invoicing to track credits due.
• Monitor, track and update pricing and structural changes to services from vendors to maintain MDM system.
• Cross train with the Market Data Procurement Analyst to enhance the support capabilities of the department.
• Additional Market Data Procurement duties, including, orders for new service or changes to service and maintenance of the user and vendor information within the MDM system, as needed to support the operations of the department.

What You'll Bring

• Solid analytical, mathematical and problem solving skills.
• Ability to determine how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
• Ability to use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Education & Experience

• Minimum Required: Bachelor's degree in Business/Accounting or equivalent experience and college coursework
• Minimum Required: 1-3 years' in related field

Systems & Technology

• Proficient in Microsoft Excel, Word, PowerPoint, Outlook
• Familiarity with market data management systems. #LI-JK1

About Stifel

Stifel is more than 130 years old and still thinking like a start-up. We are a global wealth management and investment banking firm serious about innovation and fresh ideas. Built on a simple premise of safeguarding our clients’ money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.

While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations. Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more. Let’s talk about how you can find your place here at Stifel, where success meets success.

At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.

Stifel is an Equal Opportunity Employer.