Trust Officer & New Business Implementation, Alternative Collective Investment T
SEI Investments Company, Strickersville, PA, United States
Overview
The Investment Manager Services Division (IMS) at SEI is growing rapidly and is seeking new members on our Collective Investment Trust (CIT) team. Collective investment trusts are pooled investment vehicles designed exclusively for use by retirement plan investors. SEI’s CIT Team is responsible for establishing and maintaining collective investment trusts under the rules of its direct regulator and standards of the Department of Labor, Internal Revenue Service and other regulatory bodies. This team works closely with internal divisions including the ITA, IFS, Compliance, Legal, etc. The CIT Team currently supports over 700 collective funds with approximately $270 Billion in AUM working with over 200 investment sub-advisors.
As a Trust Officer for CITs you will be responsible for supporting client relationships, managing projects, and ensuring the successful completion of the administrative servicing requirements for various Collective Investment Trusts, some of which have significant exposure to alternative asset classes. This will include direct engagement in product development discussions involving SEI, investment manager clients, and other key stakeholders to develop and implement appropriate solutions for this segment of the CIT and retirement market, as alternative managers seek to find innovative opportunities to offer alternative asset classes in the 401(k) space.
What you will do
Act as the primary point of contact and subject matter expert within SEI for various investment manager clients, through the new business implementation and on-going service relationship
Assist clients with executing any Collective Investment Trust ("CIT" or “Trust”) related projects or initiatives, with an emphasis on alternative assets
Establish project plans and lead conference calls with various parties to coordinate the legal establishment, operational setup and launch of a CIT
Strategically assist with the creation of processes or practices that will drive our business forward in an accurate and efficient manner
Gather data and prepare and present new client product developments to Trust New Business Committee for Trust Company approval
Manage or assist management with other CIT related projects
Collaborate with team members to support the needs of our clients as they arise
We want you to succeed and look for future solutions — through attending and participating in various IMS and corporate professional development sessions, you will acquire the tools to identify processes across the division and organization. You will have the opportunity to partner with a diverse team and grow your career
What we need from you
BS/BA degree in business, finance or related field, or the equivalent in education and work experience
Minimum 8 years of experience in Financial Services, Employee Benefits, Investments, or Trust Administration, is preferred
An understanding of Geneva, Investier, Investran, and/or InvestOne is preferred
Proficient in MS Office
Knowledge of alternative investment products is desired
Project management experience is preferred
Knowledge of collective investment trusts, fund of fund operations, or other pooled investment vehicles is preferred
Self-starter with outstanding decision making skills
Good oral and written communications skills
Detailed oriented and the ability to work independently or with team members to meet deadlines
Regular and reliable attendance in accordance with position, business and/or client needs
What we would like from you
A drive to broaden one’s knowledge of the financial services industry by learning new concepts and systems and taking the initiative to apply it to daily work assignments
Collaboration with internal and external stakeholders. As the needs of our clients change, we need to be flexible to change with them
Positivity and collegial approach in assisting both colleagues and clients and the ability to work in team environment
Curiosity, critical thinking and attention to detail: Whether it’s to identify a solution to a problem or possibly help implement a more efficient process or procedure, your skills have a place in our business
Someone who will embody our SEI Values of courage, integrity, collaboration, inclusion, connection and fun. Please see our website for more information.
Compensation
The base salary for this position is $90,000-120,000
EEO / Equal Opportunity Statement
SEI is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability status, protected veteran status, or any other characteristic protected by law.
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The Investment Manager Services Division (IMS) at SEI is growing rapidly and is seeking new members on our Collective Investment Trust (CIT) team. Collective investment trusts are pooled investment vehicles designed exclusively for use by retirement plan investors. SEI’s CIT Team is responsible for establishing and maintaining collective investment trusts under the rules of its direct regulator and standards of the Department of Labor, Internal Revenue Service and other regulatory bodies. This team works closely with internal divisions including the ITA, IFS, Compliance, Legal, etc. The CIT Team currently supports over 700 collective funds with approximately $270 Billion in AUM working with over 200 investment sub-advisors.
As a Trust Officer for CITs you will be responsible for supporting client relationships, managing projects, and ensuring the successful completion of the administrative servicing requirements for various Collective Investment Trusts, some of which have significant exposure to alternative asset classes. This will include direct engagement in product development discussions involving SEI, investment manager clients, and other key stakeholders to develop and implement appropriate solutions for this segment of the CIT and retirement market, as alternative managers seek to find innovative opportunities to offer alternative asset classes in the 401(k) space.
What you will do
Act as the primary point of contact and subject matter expert within SEI for various investment manager clients, through the new business implementation and on-going service relationship
Assist clients with executing any Collective Investment Trust ("CIT" or “Trust”) related projects or initiatives, with an emphasis on alternative assets
Establish project plans and lead conference calls with various parties to coordinate the legal establishment, operational setup and launch of a CIT
Strategically assist with the creation of processes or practices that will drive our business forward in an accurate and efficient manner
Gather data and prepare and present new client product developments to Trust New Business Committee for Trust Company approval
Manage or assist management with other CIT related projects
Collaborate with team members to support the needs of our clients as they arise
We want you to succeed and look for future solutions — through attending and participating in various IMS and corporate professional development sessions, you will acquire the tools to identify processes across the division and organization. You will have the opportunity to partner with a diverse team and grow your career
What we need from you
BS/BA degree in business, finance or related field, or the equivalent in education and work experience
Minimum 8 years of experience in Financial Services, Employee Benefits, Investments, or Trust Administration, is preferred
An understanding of Geneva, Investier, Investran, and/or InvestOne is preferred
Proficient in MS Office
Knowledge of alternative investment products is desired
Project management experience is preferred
Knowledge of collective investment trusts, fund of fund operations, or other pooled investment vehicles is preferred
Self-starter with outstanding decision making skills
Good oral and written communications skills
Detailed oriented and the ability to work independently or with team members to meet deadlines
Regular and reliable attendance in accordance with position, business and/or client needs
What we would like from you
A drive to broaden one’s knowledge of the financial services industry by learning new concepts and systems and taking the initiative to apply it to daily work assignments
Collaboration with internal and external stakeholders. As the needs of our clients change, we need to be flexible to change with them
Positivity and collegial approach in assisting both colleagues and clients and the ability to work in team environment
Curiosity, critical thinking and attention to detail: Whether it’s to identify a solution to a problem or possibly help implement a more efficient process or procedure, your skills have a place in our business
Someone who will embody our SEI Values of courage, integrity, collaboration, inclusion, connection and fun. Please see our website for more information.
Compensation
The base salary for this position is $90,000-120,000
EEO / Equal Opportunity Statement
SEI is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability status, protected veteran status, or any other characteristic protected by law.
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