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Overlay Support Specialist
Confirmed live in the last 24 hours
Locations
Berwyn, PA, USA
Experience Level
Entry
Junior
Mid
Senior
Expert
Desired Skills
Management
Sales
Excel/Numbers/Sheets
Requirements
  • Bachelor's Degree
  • Knowledge of investment management operations and practices with emphasis on separately managed accounts including trading and portfolio accounting systems
  • Knowledge of financial markets, including equities, fixed income, mutual funds, ETFs, and hedge funds
  • Experience working in a fast-paced environment with daily mission-critical deadlines
  • Monitoring output of an automated system and identifying and resolving exceptions
Responsibilities
  • Tax Overlay is a customizable solution for investors who want to control or customize the realization of gains in their portfolios or diversify concentrated portfolios in a tax efficient manner
  • Impact Overlay allows clients to combine multiple personal conviction screens (security restrictions based on various social category screens (“SRI”) and apply them to a traditional SMA / UMA
  • Overlay support for internal teams for large rebalance activity or sophisticated trading scenarios
  • Executing the Account Management Process - Daily, Weekly, Monthly, and Quarterly Action Items (75%)
  • Working with Envestnet's proprietary investment management system, the Overlay Services Portfolio Administrator will identify client accounts for optimization (potential trading), execute trade instructions, review recommended transactions based on established guidelines, and consolidate & execute transactions across accounts for execution and allocation
  • Reviewing Audit Reports and Performing Necessary Follow Up (10%)
  • The Overlay Services Portfolio Administrator must ensure that results are consistent across accounts, and ensure that accounts are managed within their specific tax settings as defined by the client and their financial advisor (for Tax Overlay accounts), or are managed within the specific security restriction constraints defined by the client and their financial advisor (for Impact Overlay accounts). The Overlay Services Portfolio Administrator will run and review various audit reports and will execute additional follow up action as required based on those reports
  • Working with Overlay Services Specialists / Sales Teams (10%)
  • The Overlay Services Portfolio Administrator will work with the Overlay Services Specialists and the Sales team to provide superior service to financial advisors and clients. This typically requires researching and answering account-specific questions that arrive from an advisor or client through the Overlay Services Specialist team or the Sales team
  • Participating in Enhancement Discussions and Testing Changes Designed to Improve the Process (5%)
  • The Overlay Services Portfolio Administrator will participate in discussions with business and technical analysts to define and test process and technology improvements expected to improve the effectiveness and efficiency of the investment process
  • Adherence to and application of Envestnet legal, compliance, risk, business continuity and administrative policy within the role and department(s) including the timely completion of training & awareness, affirmations and testing as requested
  • As part of the responsibilities for this role, you will understand and readily support Envestnet's established corporate business practices, policies, internal controls and procedures designed to create value or minimize risk
Desired Qualifications
  • Knowledge of Envestnet's account management processes, procedures, and systems
  • Understanding of multi-factor risk models and optimization
  • Understanding of Modern Portfolio Theory
  • Experience in the Envestnet operations/trading organization
  • Experience with MS Excel
Yodlee

201-500 employees

Data aggregation and analytics platform
Company Overview
Yodlee's mission is to help as many Americans as possible to see their complete financial data.
Benefits
  • Medical (High Deductible Health Plan, Kaiser HMO and PPO), Dental, Vision
  • 401(k) Match
  • On-site Flu Shots
  • On-site Biometrics Screening
  • Employee Assistance Program (EAP)
  • Life Insurance and AD&D
  • Short and Long Term Disability
  • On-site Gym
  • Fully Stocked Kitchen
  • Tuition Reimbursement
  • Employee Referral Bonus
  • Casual Dress Code
  • Mobile Reimbursement