Alternative Investment Consultant
Phaxis
New York, NY
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JOB DETAILS
SALARY
$40
LOCATION
New York, NY
POSTED
5 days ago
Day to Day Duties:
- Process management fees.
- Review fee schedules, calculate and debit client accounts and process payments to Financial Advisors.
- Coordinate with custodians to debit client accounts and provide customized files and spreadsheets to expedite the processing.
- Verify receipt of all management fee checks and entered into the billing system.
- Deposit checks to house accounts and balance and reconcile accounts receivable reports.
- Assist clients, Financial Advisors, and Client colleague with billing inquiries.
- Research and resolve any issues.
- Make billing adjustments and process exceptions.
- Communicate adjustments to appropriate parties and obtain supporting documents that approve requests for processing.
- Prepare, send, and track Subscription Documents to clients.
- Monitor through internal database.
- Perform due diligence to ensure clients are qualified to invest in a particular product.
- Review paperwork for completeness and appropriate signatures.
- Set up data feeds for Financial Advisors, Client/RIAs, and audit firms.
- Assist clients making Advisor updates and Financial Advisors undergoing Client/RIA, Custodian, or Platform changes.
- Prepare, communicate, and process all documents required for Financial Advisor transitions.
- Facilitate all Custodian Changes and Platform Changes to ensure they are completed in a timely manner by all appropriate teams involved.
- Create tracking spreadsheet for each transition.
- Provide PM Teams, SICs, and Client Service Teams with weekly updates for Custodian/Platform Changes in process.
- Maintain record of all transitions to include up-to-date Metrics data for use by Client Services Directors.
- Create and communicate access credentials to Client's website and Pershing's Netx360 platform for new Financial Advisors.
- Assist with establishing agreements with new Client/RIAs.
- Create and communicate access credentials to Client's website for new Client/RIAs.
- Maintain current list of Client/RIAs with active agreements on Client's website to support SIC teams.
- Assist with fee projects in analysis of custom management fee schedules and adjustments.
Skills:
- Minimum 2 years of experience in a financial related industry.
- Minimum 2 years of experience in using Microsoft Office applications.
- 2 to 4+ years of experience in financial services or a financial related industry.
- Must possess good math skills.
- Working knowledge of Microsoft suite of applications, APX and internal proprietary systems.
- Excellent verbal and written communication skills.
- Skill to manage multi priorities simultaneously.
- Organizational skills are required.
- Ability to handle problem situations with clients and colleagues effectively.
- Series 7 preferred.
About the Company
P
Phaxis
We stand for PERSEVERANCE, as we refuse to quit when the journey gets tough. Your gold is our mission, and we search day and night to find it.
COMPANY SIZE
50 to 99 employeesINDUSTRY
Staffing/Employment Agencies
FOUNDED
2002
WEBSITE
https://phaxis.com/