POSITION TITLE: INTERMEDIARY COMPENSATION SPECIALIST
DEPARTMENT: INTERMEDIARY COMPENSATION
Bachelor degree required; concentration in Accounting, Finance, a related business field or Mathematics preferred
3 years of business experience providing operational support preferred
Mutual fund/financial service industry and/or operations experience preferred
Proficient in Microsoft Office applications; specifically Excel and Word required, Advanced Excel skills preferred
Establish and maintain fee arrangements, reporting structures and distribution instructions on the various internal/external support applications in accordance with the applicable contractual document.
Calculate manual payments in accordance with the applicable contractual document utilizing the appropriate applications and data sources.
Reconcile invoices to the terms reflected in the applicable contractual document utilizing the appropriate applications and data sources and validate the accuracy of the calculation formulas and timeframes while ensuring that variances fall within approved thresholds and that those that do not are appropriately adjusted.
Collaborate with departmental personnel, internal business areas, vendors and clients, as applicable, to answer questions and to research and resolve issues.
Prepare and disseminate scheduled reporting, such as the funding, cash management and payment distribution requests, as well as non-standard ad-hoc reporting to the appropriate internal/external parties.
Conduct quality reviews of peer work product to proactively identify errors and omissions and ensure accuracy.
Assess client and/or fund events, such as mergers, acquisitions, etc. to ensure applications and/or processes are adjusted as required.
Develop, test and maintain ad-hoc support applications (such as Access databases and/or Excel spreadsheets) designed specifically to support a client’s individual fee arrangement and reporting needs.
Collaborate with department personnel and management:
To propose and implement creative solutions to operational issues by recommending and implementing process improvements and/or system enhancements aimed at increasing efficiencies or minimizing risk.
On the development and on-going maintenance of policies, procedures and workflows while adhering to the sanctioned approval process.
On the testing of enhancement to the support applications
8:30 a.m. - 5:00 p.m. (overtime as required)
Warrendale Location – Warrendale, PA 15086
Sound decision making, problem solving, analytical and organizational skills required with particular attention given to detail and accuracy
Effective interpersonal and communication skills
Ability to perform effectively in a fast paced deadline driven environment
Ability to manage and prioritize multiple assignments simultaneously
Ability to work independently and as a member of a team
Federated Investors, Inc. offers a competitive salary and benefits package along with a professional environment.
Only those candidates in whom we have an interest will be contacted.
Internal Number: 7423
About Federated Investors, Inc.
Since 1955, millions of investors in the United States and around the globe have relied on Federated Investors, Inc. (NYSE: FII) for world-class investment management. Federated has grown to become one of the nation's largest investment managers with $397.6 billion in assets under management.
Federated has honed its disciplined investment process over a half-century to deliver style-consistent investment products, including 123 domestic and international equity, fixed-income and money market funds, as well as a variety of separately managed accounts. Federated's diversified product line is distributed through more than 8,400 financial intermediaries and institutions who assist investors in meeting their unique objectives. For additional information about Federated Investors visit FederatedInvestors.com.