WHO ARE WE: Alerus is a commercial wealth bank and national retirement provider with one core purpose: helping clients achieve their financial goals. We are driven by a shared commitment to always do the right thing; leading with integrity and providing valued advice and guidance to our clients. We value the expertise and skillsets each team member provides and encourage collaboration, innovation, adaptability, and an entrepreneurial spirit at all levels of our company. By consistently seeking improvements and growth, we foster long-term relationships with clients and team members. We are proud to be recognized as a Top Workplace by numerous industry and regional outlets.
CORE VALUES: Passion for Excellence :: Success is Never Final :: Do the Right Thing :: One Alerus
ABOUT THE ROLE: The Wealth Management (WM) Operations Specialist II is responsible for supporting the SEI wealth platform back-office operations team and all firm specific WM Operations processes. This position requires an understanding of all the duties/knowledge of the WM Operations Specialist. This position will have a broad knowledge of WM functions and regulatory requirements along with performing the due diligence needed to ensure complete and accurate system processing. This position will maintain a client focus and will partner with the investment and sales team members to deliver a superior client experience.
WHAT YOU’LL BE DOING:
- Collaborate with the SEI Operations Team to ensure trades are settled and all income is received for a mixed portfolio of holdings. Oversee and ensure the posting to underlying accounts is completed timely, accurately, and with proper coding. Serve as the point of contact for trade and income related questions and concerns.
- Review prior year transactions for accuracy. Resolve any exceptions and produce and mail client tax document by the IRS deadline. Work with tax vendors and support the production of all required tax forms.
- Create schedules and gather documents requested by Common Trust Fund Auditors to facilitate the audit and partnership tax returns for those funds
- Process corporate action according to established procedures and policies. This includes, but is not limited to, monitoring applicable corporate actions, ensuring all corporate actions are responded to timely and accurately.
- Facilitate the production and distribution of WM and Alerus Retirement and Benefits (ARB) client statements.
- Process transactions, including but not limited to, pooled fund inflows and outflows, setting up and booking miscellaneous assets, initiating account transfers and gifts, pledging/un-pledging assets.
- Reconcile cash and house accounts.
WHAT YOU SHOULD HAVE:
- Associate degree or equivalent combination of education and/or related experience in the financial industry.
- Minimum of 3 years of related experience in trust or security operations.
- High level of commitment to accuracy and detail.
- Demonstrate the ability to manage high volume, time sensitive transactions and situations.
- Ability to carry out the work of wealth management programs and projects, to include availability to work after hours to support business needs.
- Ability to work independently and in a team-oriented environment.
- Ability to accept, support and implement continuous change.
- Actively possess or in the process of acquiring either the Certified Securities Operations Professional (CSOP) or the Certified Trust Operations Professional (CTOP) certification.
WHAT WE BRING TO THE TABLE:
- Competitive compensation including base salary, bonus and/or incentive opportunities.
- Comprehensive benefits package providing a wide range of health and well-being benefits, including medical, dental, vision, life and long-term disability insurance; and 401(k) and ESOP for retirement savings.
- Generous paid time off programs such as flexible time off, company-paid holidays, parental and bereavement leave.
- Learning and development resources for personal and professional career development, and advancement opportunities.
- Access to financial experts for guidance, financial wellness tools, and discounts on Alerus products and services.
- Support for the communities we live in through paid volunteer time and a company donation match opportunity.
WORK ENVIRONMENT: Work is typically performed in an office setting. The employee is regularly required to sit for extended periods of time. The employee is occasionally required to move about the office utilizing proper ergonomic safeguards when doing so. Additionally, the employee must occasionally lift or move supplies and materials up to 20 pounds.
The above information in this description has been designed to indicate the general nature and level of work performed by employees in this position. It is not designed to contain or be interpreted as an exhaustive list of all responsibilities, duties, and qualifications required of employees assigned to this job.
Alerus is an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.
