Full-Time

Originations Business Senior Analyst

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior

Orlando, FL, USA + 4 more

More locations: Richmond, VA, USA | Charlotte, NC, USA | Greensboro, NC, USA | Atlanta, GA, USA

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
Data Analysis
Requirements
  • Bachelor's degree in business-related field or equivalent education and related training
  • 5+ years of experience in any combination of finance, operations, risk management, quality assurance, consulting, product development, project management, banking or equivalent
  • 2+ years of specialized knowledge in the mortgage and banking industry
  • Excellent decision-making and verbal skills
  • Ability to participate and cooperate in joint projects
  • Master's degree in Business Administration, Banking, Finance, Economics, Mathematics, or Statistics (preferred)
  • Advanced professional certification related to accounting or finance (preferred)
  • Familiarity with residential real-estate assets, loans, modeling and industry indicators (preferred)
Responsibilities
  • Support Mortgage Originations by providing data analysis, project deliverables, risk management and sales operational needs to achieve strategic objectives.
  • Perform analysis of findings and trends using various methods that could include statistics, modeling, forecasting, budgeting, and profitability analysis.
  • Identify and suggest the most appropriate response to identified complex problems, issues and/or defects by assessing impact and prioritization.
  • Collaborate with stakeholders, including but not limited to, Origination, Servicing, Secondary Marketing, Mortgage Lending Administration, Risk Management Organization, Model Risk Management, Internal Audit, external auditors and consultants to elicit business needs, gather requirements and offer solutions.
  • Prioritize analysis of exceptions, findings, reports, processes, controls and technology for optimum deployment of mortgage resources for increasing profitability and reducing risk.
  • Participate with subject matter experts (SMEs), business partners, technology group and others to develop clear and accurate reporting and process maps.
  • Demonstrate an organized, efficient, detail-oriented and creative mind in all work activities.
  • May lead Originations projects and initiatives outlined by leadership.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. The platform includes tools like live chat support, commission-free trading, and an automated rebalancer, allowing RIAs to manage their businesses more efficiently and serve more clients at lower costs. Unlike competitors, Truist provides these services for free and monetizes through a custodian service that helps RIAs reduce overhead. The goal is to empower RIAs to grow their businesses and enhance client experiences.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

N/A

Growth & Insights
Headcount

6 month growth

24%

1 year growth

38%

2 year growth

74%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $169M Series E funding round indicates strong investor confidence and provides substantial capital for further innovation and expansion.
  • Collaborations with leading providers like Orion Advisor Solutions and Kwanti enhance Altruist's platform capabilities, making it more attractive to RIAs.
  • Acquiring Shareholders Service Group expands Altruist's service offerings and client base, positioning it to compete with industry giants like Schwab and Fidelity.

What critics are saying

  • The competitive landscape in the RIA market includes established players like Schwab and Fidelity, which could challenge Altruist's growth and market penetration.
  • Rapid expansion and multiple integrations may lead to operational complexities and potential service disruptions.

What makes Truist unique

  • Altruist offers a simplified tech stack specifically designed for RIAs, unlike broader financial platforms that cater to multiple financial service providers.
  • Their commission-free fractional share trading and automated rebalancer features provide cost-effective solutions that are not commonly bundled together in competing platforms.
  • The vertically-integrated custodian service allows Altruist to streamline operations and reduce overhead costs for RIAs, setting it apart from traditional custodial services.

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