Operations Specialist

3 weeks ago


Boston, United States Cypress HCM Full time
Job DescriptionJob DescriptionOperations Specialist (Financial) Location: Boston, MA Hybrid: 3 days onsiteEmployees: 500| Team Size: 10-15Industry: Law Firm The Operations Specialist will provide analytical support to the Wealth Management and Investment Sector. This person will support back-office functions and will be heavily involved in reviewing cash and asset requests, entering custodial accounting systems with proper coding, and sending taxation and descriptions for approval. Most Important Responsibilities:
  • Process ad-hoc cash requests including checks, wires, ACH payments, transfers, and receipts.
  • Manage assigned request inboxes, review the requests to ensure all necessary information is included and is accurate, and enter requests into the appropriate custodial accounting system.
  • Responsible for identifying, setting up, and maintaining all recurring cash items including bill payments.
  • Create and maintain client payment schedules and reconcile payment processes daily.
  • Review exception reports provided by custodian bank and researching discrepancies, and address discrepancies in a timely manner to reconcile cash balances.
  • Assist asset team with asset setup and classification, processing internal account transfers and stock gifting.
  • Assist Private Investment Team in processing capital calls and distributions.
  • Maintain account and client data on accounting system, including statement setup, client portal setup, address changes, account/client personnel and investment details.
What you can bring to the table to impact this role, team, and organization:
  • Bachelor’s degree in financial, accounting, business administration, or related field
  • 2-5 years of progressive experience within Trust operations or Wealth Management
  • Knowledge of Trust Operations procedures and the processing of induvial account transactions
  • Strong Excel skills
  • Excellent communication and ability to meet tight deadlines
Benefits: Medical, Vision, Dental, PTO, Sick Time, 401K matching, stock opportunityCompensation: 75 – 80K
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