Operations Analyst I, IPC Reconciliation

181 SEI Global Services, Inc.; Oaks (PA); On-site; USD 42,000 - 64,000; Full time

Benefits offered by this job

Healthcare benefits

401(k) match

Tuition reimbursement

Paid time off

Job summary

The Investment Manager Services Division (IMS) at SEI is growing rapidly and is seeking new members on our Institutional Private Client (IPC) team. This is an entry level position, where training and support will be provided.

As an operations analyst, you will ensure the reconciliation of custodial and prime broker accounts are accurate. You will work closely with Account Administration, Trade Settlement, and Client Service teams to understand client portfolios and fund structures; perform

Qualifications

• BA/BS in Business, Accounting, Finance, Economics or Mathematics or equivalent experience.
• Internship experience preferred.
• Intermediate skills in Microsoft Excel.
• Self-motivation and drive to complete multiple client objectives without sacrificing excellence or quality.
• Strong written and verbal communication skills to support clients via email or phone.
• Strong customer service skills with daily communication with internal and external clients.

Responsibilities

• Reconcile custodial and prime broker accounts to ensure accuracy.
• Collaborate with Account Administration, Trade Settlement, and Client Service teams to understand client portfolios.
• Research, escalate, and clear outstanding cash and security differences.
• Document processes and procedures for individual client needs.
• Communicate with internal teams or client teams to resolve issues; coordinate with tech/vendor support as needed.
• Participate in IMS and corporate development sessions to identify process improvements.

Skills

Internship experience

Excel

Self-motivation

Communication skills

Customer service

Education

BA / BS in Business, Accounting, Finance, Economics or Mathematics

Tools

Microsoft Excel

Job description

The Investment Manager Services Division (IMS) at SEI is growing rapidly and is seeking new members on our Institutional Private Client (IPC) team. Our primary goal is to provide exceptional administration servicing for our clients' assigned alternative investment funds, mutual funds, or ETFs. This is an entry level position, where training and support will be provided. As an operations analyst, you will ensure the reconciliation of custodial and prime broker accounts are accurate.

What you will do:

In the reconciliation function, you will be working closely with Account Administration, Trade Settlement, and Client Service teams to understand the client's portfolio and fund structure as well as to ensure all required deliverables are complete. To do this, you will perform various types of reconciliations to ensure that data is accurate and client service expectations are met. As the official books and records for our clients, you will be responsible for researching, escalating, and clearing all outstanding cash and security differences while ensuring all postings to our accounting system are accurate. Additionally, you will coordinate the documentation of processes and procedures relating to individual client needs. You will communicate with appropriate internal teams or client teams to resolve open issues and questions, get in touch with internal technology support and vendor support when needed to resolve any production issues or system support queries. We want you to succeed and look for future solutions! Through attending and participating in various IMS and corporate professional development sessions, you will acquire the tools to identify processes across the division and organization. You will have the opportunity to partner with a diverse team and grow your career.

What we need from you:

• BA / BS in Business, Accounting, Finance, Economics, Mathematics or equivalent experience.
• Internship experience preferred.
• Intermediate skills in Microsoft Excel.
• The self-motivation and drive to complete multiple client objectives without sacrificing excellence or quality.
• Strong written and verbal communication skills as you will primarily support your clients through email and/or phone calls.
• Strong customer service skills as you will be communicating daily with internal and external clients.

What we would like from you:

• An aim to broaden one's knowledge of the financial services industry by learning new concepts and systems and taking the initiative to apply it to daily work assignments.
• Collaboration with internal and external stakeholders.
• As the needs of our clients change, we need to be flexible to change with them.
• Positivity and supportive approach in assisting both colleagues and clients and the ability to work in team environment.
• Curiosity, critical thinking and attention to detail: Whether it's to identify a solution to a problem or possibly help implement a more efficient process or procedure, your skills have a place in our business.
• Someone who will embody our SEI Values of courage, integrity, collaboration, inclusion, connection and fun.

Please see our website for more information.

https://www.seic.com/

For this position, SEI is not hiring individuals who require sponsorship for employment or continued employment now or anytime in the future.

SEI's competitive advantage: To help you stay energized, engaged and inspired, we offer a wide range of benefits including comprehensive care for your physical and mental well-being, a strong retirement plan, tuition reimbursement, support for working parents and flexible Paid Time Off (PTO) so you can relax, recharge and be there for the people you care about.

• comprehensive care for your physical and mental well-being
• a strong retirement plan
• tuition reimbursement
• support for working parents
• flexible Paid Time Off (PTO)

Benefits include healthcare (medical, dental, vision, prescription, wellness, EAP, FSA), life and disability insurance (premiums paid for base coverage), 401(k) match, education assistance, commuter benefits, up to 11 paid holidays/year, 16 days PTO/year pro-rated for new hires which increases over time, paid parental leave, back-up childcare arrangements, paid volunteer days, a discounted stock purchase plan, investment options, access to thriving employee networks and more.

• healthcare (medical, dental, vision, prescription, wellness, EAP, FSA)
• life and disability insurance (premiums paid for base coverage)
• 401(k) match
• education assistance
• commuter benefits
• up to 11 paid holidays/year
• 16 days PTO/year pro-rated for new hires which increases over time
• paid parental leave
• back-up childcare arrangements
• paid volunteer days
• a discounted stock purchase plan
• investment options
• access to thriving employee networks
• and more

We are a technology and asset management company delivering on our promise of building brave futures (SM)-for our clients, our communities, and ourselves.

Come build your brave future at SEI.

The position title reflected in this job description is aligned with SEI's current internal job architecture. As part of SEI's role and career framework, internal job titles may not directly correspond to external market titles and may differ from titles previously assigned during an employee's tenure or at the time of hire.

SEI is an Equal Opportunity Employer and so much more...

After over 50 years in business, SEI remains a leading global provider of investment processing, investment management, and investment operations solutions. Reflecting our experience within financial services and financial technology our offices encompass an open floor plan and numerous art installations designed to encourage innovation and creativity in our workforce. We recognize that our people are our most valuable asset and that a healthy, happy, and motivated workforce is key to our continued growth. At SEI, we're (literally) invested in your success. We offer our employees paid parental leave, back-up childcare arrangements, paid volunteer days, education assistance and access to thriving employee networks.

SEI is an equal opportunity / affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability status, protected veteran status, or any other characteristic protected by law.

AI Acceptable Use in the application and interview process: SEI acknowledges the growing integration of artificial intelligence (AI) tools into individuals' personal and professional lives. If you intend to incorporate the use of any AI tools at any stage of the application and/or interview process, please ensure you have reviewed and adhere to our AI use guidelines. We are global provider of technology, operations, and asset management services for the financial services industry. We tailor our solutions to help clients make effective use of their capital- whether that's money, time, or talent- so they can grow and better serve their clients. At SEI, we're committed to fostering an inclusive workplace where everyone has the same opportunities to grow, develop, and succeed.