Mutual Fund Operations Analyst

About the position

Altruist is entering an exciting phase, and we're looking for a Mutual Fund Operations Analyst to join our Mutual Funds team. In this role, you will play a pivotal role in ensuring the smooth functioning of our mutual fund operations. You will be responsible for performing and optimizing the operational processes related to mutual fund transactions, including but not limited to trade processing, reconciliation, dividends, trade corrections, reporting, and transfers. The successful candidate will process various mutual fund transactions, coordinate action with multiple stakeholders, and research and resolve any imbalances. Additionally, the Mutual Fund Operations role contributes to best-in-class customer servicing and the frictionless functioning of the larger mutual fund process.

What you’ll do

• Reconciliation: Perform reconciliation of all mutual fund settlement functions.  Research and work to resolve all mutual fund breaks identified by Reconciliations timely and accurately.
• Transaction Processing: Process mutual fund transactions timely and accurately, ensuring compliance with regulatory requirements and internal policies. Identify, research, resolve, and communicate issues related to order status and trade rejects.
• Support: Respond to advisor inquiries on various mutual fund transactions with best-in-class customer service.
• Process Optimization: Continuously review and enhance operational processes related to mutual fund operations, identifying opportunities for automation, efficiency realization, and risk mitigation.
• Risk Management: Ensure data accuracy, consistency, and completeness across various systems and databases.
• Collaboration: Collaborate and work closely with cross-functional teams, including trading, compliance, product, and technology, as well as coordinate with fund companies and external vendors.
• Additional Responsibilities:
  • Report on all reconciliation status and volumes periodically to leadership.
  • Triage and participate in larger-scale issues related to mutual fund processing.
  • Participate in audits and other related project work as applicable.

What you’ll bring

• Bachelor's degree in Finance, Business, or a related field.
• 1-3 years of experience in a similar role within the financial services industry.
• Experience with mutual fund distribution models including the clearing broker-dealer and RIAs.
• Proficiency in using brokerage systems and related technologies.
• Experience with spreadsheet Lookup and Pivot Table functionality.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and organizational abilities.
• Effective communication and collaboration skills.
• FINRA Series 7, or 99, or willingness to obtain within 6 months of start.
• Experience with data analysis and reporting including writing basic SQL queries and familiarity with BI tools such as Tableau and Power BI preferred.