Reconciliation Analyst
Dynasty Financial Partners, St. Petersburg, Florida, United States, 33739
Overview
Job Overview
We are seeking a motivated, self-starting individual to join our firm as a Senior Associate, Reconciliation Analyst. You will actively engage with sophisticated independent financial advisor clients, collaborate across the business with members of the Dynasty team, and partner with external resource partners and agencies. This role will report directly to Dynasty’s VP of Reconciliation and is an in-office position in downtown St. Petersburg, Florida.
Description Job Overview
We are seeking a motivated, self-starting individual to join our firm as a Senior Associate, Reconciliation Analyst. You will actively engage with sophisticated independent financial advisor clients, collaborate across the business with members of the Dynasty team, and partner with external resource partners and agencies. This role will report directly to Dynasty’s VP of Reconciliation and is an in-office position in downtown St. Petersburg, Florida.
Responsibilities
Partner internally with other Dynasty departments including Finance, Operations, and Technology, as well as others to ensure ongoing support and integration
Coordinate with Finance team on key deliverables such as house account reconciliation, reporting only invoices, payout to Network Partners, etc.
Assist with debiting and crediting fees at custodians and coordinates with Billing and Finance departments on Network Partner payout
Manage, track, and optimize appropriate data on a monthly/quarterly basis in accordance with billing practices
Work directly with Dynasty team members and our clients as a subject matter expert to ensure the delivery of Operational accounts receivable activity
Assists in compiling and analyzing records between Billing and Finance for manual fee calculations and pricing exceptions that cannot be handled by our billing system
Able to demonstrate accounting expertise and decision-making ability while being able to work under pressure and have time consciousness
Partner with manager on the development of the reconciliation role needed to conduct complex reconciliations on cash and equivalent accounts with ongoing testing and optimization, as needed
Responsible for the following workflows and items:
Firm Fee Invoices (tracking true ups with Finance, % of revenue, breakpoint updates, MQF, etc.)
Reporting Only Fees (waivers, Black Diamond, Addepar, etc.)
Manual Entry tracking (coordinating period ending balances with NPs)
Carries out the required procedures involving the manager fee collection and payment process
Participate and drive expectations in root cause analysis to correct and/or prevent deviations in processes and workflows. Recommend and implement changes to avoid future occurrences.
Requirements
Bachelor’s degree with 2+ years of experience, preferably at a wealth management firm
Familiar with various reconciliation tools, including but not limited to Excel, PowerBI, Sharepoint, Salesforce, and custodians such as Schwab, Fidelity, and Pershing
This role is an in-office position in downtown St. Petersburg, Florida
Entrepreneurial mindset – Ability to adapt and innovate in a fast-paced environment
Client experience – Ability to consult internal and external clients
Strong quantitative and analytical skills – You can detect and translate a story behind numbers and data
Excellent verbal and written communication skills – You can translate and present complicated ideas in a simple, easy to understand yet inspirational/creative style
Exceptional critical thinking and problem-solving abilities – Ability to think unconventionally in proposing potential solutions or opportunities to issues
Strong attention to detail to ensure quality standards are met without impairing workflow.
Successful candidates will
Act with an entrepreneurial spirit and a willingness to show initiative
Be willing to work hands-on and deliver against the outputs of strategic Operations initiatives and programs
Be comfortable working and thriving in a demanding and fast-paced environment
Be a culture carrier and adopt Dynasty’s culture of accountability, fairness, teamwork, and transparency
Successful candidates showcase duties like preparing and maintaining spreadsheets at the custodians, monitoring house account activities, preparing finance templates, tracking KPIs, and correcting issues with previous month’s reconciliations (custodial files, rejections, manager fees, and reporting only calculations).
Benefits
Health Insurance
Dental insurance
Vision insurance
Retirement plan 401(k)
401(k) matching
Paid Time Off
FSA/HSA benefits plans
Disability benefits
Voluntary Life Insurance
Basic Life Insurance
EQUAL EMPLOYMENT OPPORTUNITY
Dynasty Financial Partners is committed to providing equal employment opportunities and ensuring that all employment-related decisions are made without regard to race, color, sex, age, national origin, religion, physical or mental disability (unrelated to the ability to perform job duties) veteran status, or any other protected status under applicable law.
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We are seeking a motivated, self-starting individual to join our firm as a Senior Associate, Reconciliation Analyst. You will actively engage with sophisticated independent financial advisor clients, collaborate across the business with members of the Dynasty team, and partner with external resource partners and agencies. This role will report directly to Dynasty’s VP of Reconciliation and is an in-office position in downtown St. Petersburg, Florida.
Description Job Overview
We are seeking a motivated, self-starting individual to join our firm as a Senior Associate, Reconciliation Analyst. You will actively engage with sophisticated independent financial advisor clients, collaborate across the business with members of the Dynasty team, and partner with external resource partners and agencies. This role will report directly to Dynasty’s VP of Reconciliation and is an in-office position in downtown St. Petersburg, Florida.
Responsibilities
Partner internally with other Dynasty departments including Finance, Operations, and Technology, as well as others to ensure ongoing support and integration
Coordinate with Finance team on key deliverables such as house account reconciliation, reporting only invoices, payout to Network Partners, etc.
Assist with debiting and crediting fees at custodians and coordinates with Billing and Finance departments on Network Partner payout
Manage, track, and optimize appropriate data on a monthly/quarterly basis in accordance with billing practices
Work directly with Dynasty team members and our clients as a subject matter expert to ensure the delivery of Operational accounts receivable activity
Assists in compiling and analyzing records between Billing and Finance for manual fee calculations and pricing exceptions that cannot be handled by our billing system
Able to demonstrate accounting expertise and decision-making ability while being able to work under pressure and have time consciousness
Partner with manager on the development of the reconciliation role needed to conduct complex reconciliations on cash and equivalent accounts with ongoing testing and optimization, as needed
Responsible for the following workflows and items:
Firm Fee Invoices (tracking true ups with Finance, % of revenue, breakpoint updates, MQF, etc.)
Reporting Only Fees (waivers, Black Diamond, Addepar, etc.)
Manual Entry tracking (coordinating period ending balances with NPs)
Carries out the required procedures involving the manager fee collection and payment process
Participate and drive expectations in root cause analysis to correct and/or prevent deviations in processes and workflows. Recommend and implement changes to avoid future occurrences.
Requirements
Bachelor’s degree with 2+ years of experience, preferably at a wealth management firm
Familiar with various reconciliation tools, including but not limited to Excel, PowerBI, Sharepoint, Salesforce, and custodians such as Schwab, Fidelity, and Pershing
This role is an in-office position in downtown St. Petersburg, Florida
Entrepreneurial mindset – Ability to adapt and innovate in a fast-paced environment
Client experience – Ability to consult internal and external clients
Strong quantitative and analytical skills – You can detect and translate a story behind numbers and data
Excellent verbal and written communication skills – You can translate and present complicated ideas in a simple, easy to understand yet inspirational/creative style
Exceptional critical thinking and problem-solving abilities – Ability to think unconventionally in proposing potential solutions or opportunities to issues
Strong attention to detail to ensure quality standards are met without impairing workflow.
Successful candidates will
Act with an entrepreneurial spirit and a willingness to show initiative
Be willing to work hands-on and deliver against the outputs of strategic Operations initiatives and programs
Be comfortable working and thriving in a demanding and fast-paced environment
Be a culture carrier and adopt Dynasty’s culture of accountability, fairness, teamwork, and transparency
Successful candidates showcase duties like preparing and maintaining spreadsheets at the custodians, monitoring house account activities, preparing finance templates, tracking KPIs, and correcting issues with previous month’s reconciliations (custodial files, rejections, manager fees, and reporting only calculations).
Benefits
Health Insurance
Dental insurance
Vision insurance
Retirement plan 401(k)
401(k) matching
Paid Time Off
FSA/HSA benefits plans
Disability benefits
Voluntary Life Insurance
Basic Life Insurance
EQUAL EMPLOYMENT OPPORTUNITY
Dynasty Financial Partners is committed to providing equal employment opportunities and ensuring that all employment-related decisions are made without regard to race, color, sex, age, national origin, religion, physical or mental disability (unrelated to the ability to perform job duties) veteran status, or any other protected status under applicable law.
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