About Altruist

Altruist is the modern custodian built exclusively for independent financial advisors that combines a self-clearing brokerage firm with intuitive software for account opening, trading, reporting, and billing — all in one streamlined solution. Financial advisors across the U.S. have partnered with Altruist to reduce costs, save time, grow their business, and provide better outcomes for their clients. Our mission is to make financial advice better, more affordable, and accessible to everyone — butwe can’t do it alone. We’re seeking exceptional talent to join our team. That’s where you come in!

If you’re passionate about challenging the status quo and making a meaningful impact in the financial advice industry, we’d love to meet you!

But first, our values

Kindness - Kindness doesn’t just equal niceness. We listen to understand. We embrace, and encourage healthy debate and diverse perspectives. We approach conflict openly, honestly, and respectfully.

Brilliance - Humility is the skill we’re most proud of and possessing a growth mindset is always top of mind. We take ownership in everything we touch; regularly using our unique superpowers to reach a common goal as a team. We succeed and fail as one.

Grit - When challenges arise, we stay laser focused on achieving our mission and finding a way forward, even when it’s hard. We are nimble and maintain a sense of urgency, swiftly adapting to change and overcoming obstacles.

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.

Dallas, TX salary range

$59,000—$86,000 USD

What we bring

Attracting and retaining top-tier talent is a priority. We are proud of the culture we’ve built and are cognizant of the ever-changing professional landscape. Our dynamic offering of perks and benefits are tailored for you to feel your best while doing your best.

A hybrid work schedule to promote strong, in-person collaboration and a healthy work-life-balance.
Stunning, amenity-filled office spaces in Culver City, CA and Dallas, TX. Our offices are intentionally designed for comfort, collaboration, and productivity. Employees get to enjoy free parking and EV charging, cold-brew and kombucha on tap, a fully stocked pantry with snacks, etc.
Competitive salary and equity packages
Premium healthcare, dental, and vision insurance plans
401k savings plan with matching contributions and immediate vesting
Flexible PTO so you can satisfy your passions outside of work
Generous paid parental leave
Professional growth and development opportunities including an employee mobility program and an annual L&D budget allocation for each employee
Physical and emotional wellness programs that nurture both your mind and body
Company perks program (includes discounts on pet insurance, fitness, cell phone plans, entertainment and travel, etc.)
Financial guidance program (includes counseling on navigating debt, tracking personal spend, saving and planning goals, home-purchasing preparedness, etc.)

Total compensation includes a competitive benefits package along with equity in the form of Stock Options (ISOs). A salary offer will be determined by a number of factors including experience, skill level, internal pay equity, geographic location, and other relevant business considerations. We review all employee pay and compensation programs regularly to ensure fair, equitable, and competitive pay. At Altruist, we are committed to providing fair, equitable, and competitive compensation by leveraging market data to inform our pay bands. Base salaries will be reviewed at regular intervals throughout the year, typically in conjunction with performance review cycles. By evaluating compensation on a regular basis, we are able to reward high performance and ensure all employees have opportunities for growth.

Don’t meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Altruist we are dedicated to building a diverse, inclusive, and authentic workplace, so if you’re excited about this role, but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.

Compensation Overview

6 month growth

1 year growth

2 year growth

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