Full-Time

Wealth Management Operations Associate

Posted on 1/7/2025

Supernova Technology

Supernova Technology

51-200 employees

Provides securities-based lending software solutions

No salary listed

Mid

Chicago, IL, USA

Position requires onsite presence in Chicago.

Category
Asset Management
Finance & Banking
Required Skills
Customer Service
Excel/Numbers/Sheets
Requirements
  • Bachelor’s Degree in Business, Finance or other fields of study related to finance, banking and wealth management OR an equivalent combination of education and experience.
  • 3-5 years of experience working in banking or wealth management preferred
  • Series 7 preferred
  • Margin Lending experience preferred
  • Proficient in Microsoft Office Suite programs, especially Excel
  • Experience working with financial advisors and their clients
  • Understanding of financial investment products
  • Effective verbal and written communication
  • Punctual and hard working
Responsibilities
  • Support questions and inquiries about our product offerings and their requirements
  • Support the onboarding of new advisors on our platform
  • Assist applicants in completing required loan application process; ensure the completeness and accuracy of applications
  • Guide and monitor loans through the process to ensure both completeness and timely execution
  • Develop a relationship with clients; be proactive in identifying problems and themes; create a repertoire/cadence with follow-ups and issue escalations; recommend/implement service enhancements where appropriate.
  • Ongoing servicing of loans after origination which include answering questions, completing client requests and updating documents / records as defined in the documented processes and procedures
  • Field questions about money movement processes, interest payments, lending requirements, and more
  • Maintain the highest level of integrity and customer confidence by keeping loan and customer information confidential
  • Perform other administrative duties such as preparing reports, client communications or any other task required for the company to accomplish its mission of lowering borrowing costs for all individuals
Desired Qualifications
  • 3-5 years of experience working in banking or wealth management preferred
  • Series 7 preferred
  • Margin Lending experience preferred

Supernova Technology provides securities-based lending solutions through a digital wealth management platform that is fully automated and cloud-based. This platform allows financial advisors to offer liquidity solutions to clients by streamlining the lending process with an all-electronic origination system. Unlike competitors, Supernova's customizable platform can scale to handle millions of clients, enhancing the overall customer experience. The company's goal is to promote financial wellness by helping clients optimize their investment strategies.

Company Size

51-200

Company Stage

Early VC

Total Funding

$26.5M

Headquarters

Chicago, Illinois

Founded

2015

Simplify Jobs

Simplify's Take

What believers are saying

  • AI-driven analytics can enhance Supernova's risk assessment and decision-making processes.
  • Open banking APIs allow Supernova to offer more personalized financial services.
  • The demand for ESG-compliant products presents an opportunity for Supernova's lending solutions.

What critics are saying

  • Increased competition from fintech startups could erode Supernova's market share.
  • Rapid technological advancements may lead to increased operational costs for Supernova.
  • Economic downturns could decrease demand for securities-based lending, affecting Supernova's revenue.

What makes Supernova Technology unique

  • Supernova offers a unique, fully automated, cloud-based securities-based lending platform.
  • Their platform is customizable, serving banks, broker-dealers, and Registered Investment Advisors.
  • Supernova's digital wealth management software enhances liquidity solutions for financial advisors.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

401(k) Retirement Plan

Employee Assistance Program (EAP)

Commuter Benefits

Pet Insurance

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-3%

2 year growth

1%
PR Newswire
Jan 23rd, 2024
Supernova Technology Announces Launch Of Its Ai-Powered Document Assistant And Data Extraction Solution

With Prism, Supernova's AI-powered document assistant and data extraction solution, critical data is extracted from PDFs in minutes with over 95% accuracyCHICAGO, Jan. 23, 2024 /PRNewswire/ -- Today, Supernova Technology, a wealth lending technology company, announced the launch of its generative AI-powered document assistant and data extraction solution, Prism.With Prism, users can upload supported financial documents from across the industry and parse critical data at the click of a button, empowering businesses to make faster decisions and reduce errors."Now more than ever, decision makers want immediate access to data, in formats they can use," said Supernova CEO Tao Huang. "Too much critical data is hidden in unmanageable PDFs. We're excited to launch Prism and offer a simple, high-fidelity solution that eliminates error-prone, manual data entry."Unlike standard document-reading solutions that rely on optical character recognition (OCR) alone, Prism leverages Supernova's proprietary large language models in combination with OCR to easily identify, organize, and extract relevant data. Prism's models are proactively trained to recognize the information that matters and privately hosted to ensure data integrity and client data confidentiality.To learn more about Prism, visit www.supernovacompanies.com/solutions/prism.About Supernova TechnologySupernova Technology, a financial technology company based in Chicago, has built an industry-leading, fully configurable, end-to-end software solution to automate securities-based lending from origination through the life of the loan. The company empowers banks, wealth management firms, and financial advisors with education and software to deliver a low-interest rate liquidity solution to a broad segment of their clients

Nasdaq
Oct 4th, 2023
Financial Sector Update for 10/04/2023: ONB, UBS, C, UPST

In corporate news, Old National Bancorp ( ONB ) has partnered with Supernova Technology to provide lending products to clients.

PR Newswire
Jun 28th, 2022
Supernova Technology™ Expands Product Offering And Launches Enterprise Collateral Management Product, Aperture™ To Empower Credit And Risk Professionals

Monitor, analyze, report, and mitigate risk across your lending business all in one place with Aperture Enterprise Collateral Management Solution. CHICAGO , June 28, 2022 /PRNewswire/ -- Supernova Technology, a technology leader in securities-based lending (SBL) is expanding their product offering outside of SBL with the addition of Aperture – an Enterprise Collateral Management Solution. Aperture was built to give credit and risk professionals a new level of control and efficiency giving them oversight of their loan book in one place

SEI Investments
Feb 3rd, 2022
SEI partnered with Supernovacompanies on Feb 3rd 22'.

SEI® (NASDAQ: SEIC) today announced a strategic partnership with Supernova Technology™ (Supernova), adding Nationwide Smart Credit SM to the nearly 50 technology integrations and strategic partnerships available to independent advisors through the SEI Wealth Platform SM.

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