Retirement and Wealth - Traditional Asset Specialist (Hybrid - Oak Brook, IL))

Inspira Financial; Oak Brook (IL); On-site; USD 29,000 - 34,000; Full time

Benefits offered by this job

Healthcare

401K savings plan

Paid time off

Parental leave

Employee assistance program

Company holidays

Job summary

Inspira Financial seeks a Traditional Asset Specialist to manage processing of traditional securities held in custody, including stocks, bonds, and mutual funds. You will work within TCCS and AMA teams, perform settlements, dividends, transfers, corporate actions, and reconciliation tasks in a fast‑paced environment.

The role involves rotating functions between teams, working with numbers, and ensuring accuracy.

Qualifications

• 1-3 years of experience in traditional asset operations.
• Bachelor’s Degree in Accounting, Finance, Mathematics, or related field.
• Strong numerical skills and attention to detail.
• Proficient with Microsoft Excel, Word and Outlook.

Responsibilities

• Review and process daily cash settlements.
• Post periodic dividends and interest payments to client accounts ensuring appropriate tax coding.
• Process incoming and outgoing transfers through sub-custodian systems and record transfer transactions.
• Process corporate actions, such as stock splits, mergers, conversions and exchanges, including notifications to clients and updating security master.
• Reconcile security positions with sub-custodians in a timely and accurate manner.
• Assist clients with trade questions and place client trades for calls received through Inspira’s trading desk.
• Maintain the Security Master for traditional asset classes in the Trust Accounting System.
• Vault physical restricted stock certificates and deposit physical marketable securities with the sub‑custodian to convert to book‑entry positions.
• Interact with internal departments, external sub‑custodians and trading firms professionally.
• Ensure work adheres to Company policies and service levels.
• Create and maintain written operating procedures for assigned functions.
• Proactively share ideas to improve department processes and efficiencies.
• Other duties as assigned.

Skills

Detail-oriented

Numbers proficiency

Multitasking

Communication skills

Excel proficiency

Education

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

Tools

Trust Accounting System

Excel

Sub-custodian systems

Job description

Join Us!
Take the next step in your journey at Inspira Financial. Guided by our mission to enable better health and greater wealth, we help businesses and individuals thrive today, tomorrow, and into retirement by strengthening and simplifying the health and wealth journey.

Our values shape how we show up every day. We Lead with Heart by acting with compassion, empathy, and doing what's right; Cultivate Trust through integrity, transparency, and accountability; Aim Higher by never settling for what's expected and continually raising the standard; and Win Together by collaborating inclusively to achieve the best outcomes. Join us on our journey as we work together to take on the complex and the everyday—turning collective effort into life‑changing impact that enriches lives and helps build a better future. Learn more at inspirafinancial.com.

We believe in finding the best talent! While some roles are based at one of our office locations, remote roles can sit in any of the following states: AL, AZ, FL, GA, IA, IL, IN, MI, MN, MO, NC, NE, PA, SC, TN, TX, UT, VA and WV. Remote status and role locations are subject to change. Relocation is not provided.

Employees within a 90-minute radius of our Oak Brook, IL headquarters are required to adhere to the company in‑office work guidelines of 4 days per month minimum from 10 am to 2 pm (1 of the 4 days must be a Monday or Friday). This requirement does not apply to support specialist positions.

Inspira Financial provides health, wealth, retirement, and benefits solutions that strengthen and simplify the health and wealth journey. With more than 7 million clients, representing over $62 billion in assets, Inspira works with thousands of employers, plan sponsors, recordkeepers, TPAs, and other institutional partners—helping the people they care about plan, save, and invest for a brighter future. Inspira relentlessly pursues better outcomes for all with our automatic rollover services, health savings accounts, emergency savings funds, custody services, and more.

We have been recognized for our remarkable growth on lists such as Crain's Fast 50 and Inc. 5000, and for our outstanding workplace culture and benefits with Built In's 2025 Best Places to Work and Gallagher's 2022 Best-In-Class Employer awards.

Job Summary & Responsibilities

The Traditional Asset Specialist will report to the Traditional Asset Manager in the R&C Operations Department. This role is responsible for all processing related to traditional securities held in custody by Inspira. Traditional securities include publicly traded stocks, bonds, and mutual funds. The department is comprised of two teams: Trade Comparison, Clearance & Settlement (TCCS) and Account Maintenance Activities (AMA). Primary responsibilities of the TCCS team include trade settlement, liquidations, transfers, and order monitoring. Primary responsibilities of the AMA team include dividends, corporate actions, restricted stock, position reconciliations, security master maintenance, and trade adjustments. The candidate will be initially assigned to a specific team and role, and overtime, will rotate functions within and between teams. Within Traditional Operations, there is a high degree of teamwork. The ideal candidate will be highly proficient with numbers and reconciliations, possess strong attention to detail and the capacity to multitask and operate in a fast‑paced environment.

• Review and process daily cash settlements
• Post periodic dividends and interest payments to client accounts ensuring appropriate tax coding
• Process incoming and outgoing transfers through sub‑custodian systems and record transfer transactions once assets have been received or delivered
• Process corporate actions, such as stock splits, mergers, conversions and exchanges, which includes sending notifications to clients, maintaining the security master and processing transactions to properly reflect the changes
• Reconcile security positions with sub‑custodians in a timely and accurate manner
• Assist clients with trade questions and place client trades for calls received through Inspira’s trading desk while monitoring open orders to ensure timely and accurate execution
• Maintain the Security Master for traditional asset classes in the Trust Accounting System
• Vault physical restricted stock certificates and deposit physical marketable securities with the sub‑custodian to convert to book‑entry positions
• Interact with internal departments, external sub‑custodians and trading firms in a positive professional manner
• Ensure that work generated consistently adheres to Company policies and procedures and meets established service levels
• Create and maintain written operating procedures related to assigned functions
• Actively share ideas to improve department processes and efficiencies
• Other duties as assigned

The typical schedule for this position is Monday through Friday, from 8 a.m. CT to 4:30 p.m. CT. Some weekend work may be required based on business needs. Training is conducted onsite four days per week for candidates located in Illinois.

Preferred Qualifications

• 1-3 years of experience
• Bachelor’s Degree in Accounting, Finance, Mathematics, or related field

Skills & Abilities:

• Ability to be detail-oriented, organized and dependable
• Possess a strong aptitude for numbers and reconciliations
• Proactive and analytical, able to problem‑solve and propose solutions
• Operate efficiently, with a high degree of accuracy and follow-through
• Proven ability to both prioritize and manage multiple tasks to completion
• Ability to work effectively and accurately under pressure
• Possess excellent verbal and written communication skills
• Operate with a high sense of responsibility and conscientiousness in delivering results
• Optimistic with a consistently positive and flexible attitude
• Demonstrated strong computer aptitude and proficiency with Microsoft Excel, Word and Outlook
• Ability to maintain the highest quality of service
• Working knowledge of Trust Accounting System, IRAs and alternative assets preferred
• Knowledge of publicly‑traded securities and experience with processing cash movements preferred

Pay Range

$21.00/hr-$25.00/hr

Compensation & Benefits

The compensation for this position will vary depending on factors such as your location, skills and experience. The compensation package may also include incentive and bonus opportunities.

• healthcare
• 401K savings plan
• company holidays
• paid time off
• parental leave
• employee assistance program