Wealth Client Operations Analyst

Altair Advisers; Chicago (IL); On-site; USD 68,000 - 77,000; Full time

Job summary

Altair Advisers, located in Chicago, IL, seeks a Client Operations Analyst to join the Client Operations team. The role focuses on handling investment-related tasks for assigned Altair clients and interacting with consultants, custodians, and investment managers to ensure accurate processing.

The analyst will manage account openings, transfers, and documentation, while maintaining strict attention to detail and effective communication with clients and team members.

Qualifications

• Bachelor’s degree preferred but not required.
• 3+ years of experience in the financial or professional services industry.
• Prior experience with an investment custodian, broker/dealer, or investment manager.
• Proficiency with Microsoft Office; Outlook, Word, Excel, Adobe Reader and SharePoint.
• Excellent communication and organizational skills.
• Meticulous attention to detail.
• Analytical and problem-solving skills.
• Strong interpersonal and verbal communications skills.
• Ability to work independently and in a team.
• Ability to prioritize workload to meet deadlines.
• Accountability, organization and time-management.

Responsibilities

• Implement new client accounts.
• Prepare all paperwork necessary for custodian contracts, manager forms, client information sheets, transfer forms, termination letters, cost basis requests, and other letters.
• Facilitate and track account transfers.
• Monitor transfers of cash/securities to ensure completion.
• Reconcile assets and cost basis at new custodian/account.
• Manage tasks to effect portfolio reallocations per consultant instructions (buy/sell mutual funds, ETFs, stocks).
• Coordinate with custodial banks and separate account managers to establish client accounts.
• Review and approve contracts prepared by the Client Operations Associate.
• Monitor sub-account openings in foreign markets for global accounts.
• Prepare and process updates to client account information.
• Act as liaison between consultants and custodians/managers.
• Arrange movement of funds between client accounts and managers.
• Request cash disbursements and wire transfers.
• Implement trading instructions for ETFs, mutual funds and stocks.
• Coordinate with investment managers for cash/securities availability.
• Review and approve wire instructions to/from hedge funds and partnerships.
• Assist in training new team members.
• Participate in projects to centralize client data and improve processes.

Skills

Communication skills

Organizational skills

Analytical skills

Problem-solving

Interpersonal skills

Time-management

Teamwork

Independence

Education

Bachelor’s degree preferred

Tools

Microsoft Office

Outlook

Word

Excel

Adobe Reader

SharePoint

Job description

Altair Advisers, located in Chicago, IL, seeks a Client Operations Analyst to join the Client Operations team. The role focuses on handling investment-related tasks for assigned Altair clients and interacting with consultants, custodians, and investment managers to ensure accurate processing.

The analyst will manage account openings, transfers, and documentation, while maintaining strict attention to detail and effective communication with clients and team members.