Overlay Portfolio Implementation Analyst

041 SEI Investments Management Corporation; Oaks (PA); On-site; USD 70,000 - 100,000; Full time

Job summary

SEI Investments Management Corporation in Oaks, PA, seeks an Analyst for Tax Overlay & Portfolio Implementation to support the Managed Account Solutions (MAS) team. You will identify rebalancing opportunities and trade generation, implement account changes, and assist in tax management to optimize client portfolios.

Daily responsibilities include coordinating with middle office, ensuring adherence to guidelines, and contributing to efficiency initiatives.

Qualifications

• Minimum of 2 years of financial services experience.
• Four year undergraduate degree ideally in business/finance or related subject.
• Strong working knowledge of Excel, with experience using multiple Excel functions and macros.
• Excellent verbal and written communication skills and strong interpersonal abilities.
• Ability to work with minimal supervision and be present in Oaks office three days per week.

Responsibilities

• Identify client accounts for rebalancing and generate trades from manager changes, drift, and tracking error.
• Implement new account openings/closings, invest/raise cash requests and asset allocation changes.
• Facilitate tax management of accounts, including harvesting gains/losses, policing wash sales, and monitoring gains budgets.
• Monitor accounts to ensure alignment with investment mandates and tracking error expectations.
• Prepare tax transition analyses and client proposals; participate in overlay management oversight meetings.
• Collaborate with middle office and other departments to implement client-specific instructions and drive process improvements.

Skills

Communication

Attention to detail

Interpersonal skills

Team player

Problem solving

Education

Bachelor's degree in business/finance or related subject

Tools

Excel

Excel macros

Job description

The Managed Account Solutions (MAS) team is seeking an Analyst, Tax Overlay & Portfolio Implementation.

The MAS team within the Investment Management Unit is responsible for the development, support, and distribution of investment products and services used to support SEI’s multi-manager managed account program. MAS is distributed through the Independent Advisor Solutions, and Institutional market units.

What you will do:

Activities include: On a daily basis identify client accounts for rebalancing and trade generation from manager model changes, drift, tracking error Implement new account opening/closing, invest/raise cash requests and asset allocation changes Facilitate tax management of accounts including harvesting gains/losses; policing wash sales, limiting de minimis trades and monitoring gains budgets Monitor client accounts to ensure they are continually aligned with their investment mandate and tracking error expectations Ensure trade recommendations are consistent across accounts based on established guidelines, security restrictions and social screens. Generate and export trades across accounts for execution Perform tax transition analyses and report generation for client proposals Participate in overlay management oversight meetings Work with the middle office teams to implement client specific instructions for accounts Act as a liaison between the Managed Account Solutions team and other departments within the Firm (client support, back office operations, sales etc.) Contributing to cross-functional projects focused on improving efficiency, scalability, and client experience Working on special projects as assigned by the team Manager, including research, process redesign, and technology-driven initiatives.

What we need from you:

The ideal candidate will possess an understanding of the investment advisory business including a base understanding of investment product types (e.g., managed accounts, ETFs, mutual funds) and investment advisor operations (i.e. portfolio accounting, portfolio rebalancing, corporate action processing, and trade settlements). Four year undergraduate degree ideally in business/finance or related subject Minimum of 2 years of financial services experience Good communication and strong attention to detail Excellent interpersonal skills / team player Exceptional verbal and written communication skills Strong working knowledge of Excel, with experience using multiple Excel functions and macros Must be able to work with minimal supervision Must be in Oaks office three days per week.

What we would like from you:

Ability and desire to work in a fast-paced, market-oriented environment, capable of working under pressing deadlines Detail orientated, able to spot potential issues, and ask questions to avoid errors A problem solver, able to logically work through problems and propose solutions as well as challenge and enhance current processes Interest in developing a career in the asset management business and pursuit of a MBA or CFA preferred Someone who will embody our SEI Values of courage, integrity, collaboration, inclusion, connection and fun.

Benefits:

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, 21 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.

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.

Please see our website for more information. https://www.seic.com/

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 are (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 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 are committed to fostering an inclusive workplace where everyone has the same opportunities to grow, develop, and succeed.