Full-Time

Deposit & Payment Operations Specialist II-collections

Posted on 11/19/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Junior

Goldsboro, NC, USA

Office-centric work style only at posted location.

Category
Commercial Banking
Finance & Banking
Required Skills
Inventory Management
Requirements
  • High School diploma or equivalent education and related training.
  • Ability to work in an area governed by production standards and work under pressure to meet critical deadlines.
  • Effective problem identification and resolution skills.
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.
  • Ability to work in a team environment to include across shifts and departments.
  • Exhibit strong interpersonal skills as well as good verbal and written communication.
  • One to two years’ experience and exhibit knowledge in all the department’s functions.
Responsibilities
  • Perform functions as assigned that may include tasks that require special approvals, processes that effect clients that are large dollar, tasks that require a tight turnaround with high volume, etc.
  • Perform quality checks / inspections to ensure integrity and accuracy.
  • Research issues and implement appropriate corrective action.
  • Complete and maintain with accuracy any documentation for any required logs, dual control tasks, inventory and forms.
  • Ensure clear and effective communication with Leadership on topics such as inventory, meeting deadlines, reporting and escalating potential production or quality issues and recommendations on improvements.
  • Cross train on other functions as assigned to be able to perform when needed.

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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