Operations Analyst I, IPC Reconciliation

SEI; Oaks (PA); On-site; USD 42,000 - 64,000; Full time

Benefits offered by this job

Healthcare benefits

401(k) match

Education assistance

Paid holidays

Job summary

SEI is seeking an entry-level Operations Analyst to support the IPC team in administering and reconciling custodial and prime broker accounts for alternative funds, mutual funds, and ETFs.

You will work with Account Administration, Trade Settlement, and Client Service to ensure data accuracy and complete deliverables, while gaining training and growth opportunities within the IMS division.

Qualifications

• BA/BS in Business, Accounting, Finance, Economics or equivalent experience.
• Internship experience preferred.
• Intermediate skills in Microsoft Excel.
• Strong written and verbal communication and customer service skills.
• Self-motivation to complete multiple client objectives without sacrificing excellence or quality.

Responsibilities

• Assist reconciliation with Account Administration, Trade Settlement, and Client Service teams to understand client portfolio and fund structure.
• Research, escalate, and clear cash and security differences; ensure postings to accounting system are accurate.
• Coordinate documentation of processes relating to client needs; resolve issues with internal and client teams.
• Participate in IMS and corporate development sessions to identify and implement process improvements.

Skills

Excel

Communication

Customer service

Team collaboration

Education

Bachelor's degree

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.

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.

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

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.