POSITION TITLE: INTERMEDIARY COMPENSATION SPECIALIST
DEPARTMENT: INTERMEDIARY COMPENSATION
Bachelor degree required; concentration in Accounting, Finance, Mathematics or a related business field preferred
3 years of business experience providing operational support including accounts payable functions preferred
Mutual fund/financial service experience and/or knowledge preferred
Proficiency 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 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
7:30 a.m. - 4:00 p.m., 8:00 a.m. - 4:30 p.m., or 8:30 a.m. - 5:00 p.m. (overtime as required)
Warrendale Location – Warrendale, PA 15086
Demonstrates ability to work independently with limited direction and supervision and to work cooperatively as a member of a team
Sound decision making, problem solving, analytical and organizational skills required with particular attention given to detail and accuracy
Effective interpersonal and communication skills
Demonstrates ability to manage multiple tasks, in different phases of completion, simultaneously and successfully to adapt to changing priorities
Federated Hermes 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: 7867
About Federated Hermes, Inc.
For more than 60 years, Federated Hermes has provided world-class investment solutions to financial professionals in the United States and around the world. Federated Hermes' employees have defined the qualities of the company’s success over the decades: a reputation for integrity and excellence, a commitment to customers and employees and a history of longstanding client relationships. While each market cycle brings new opportunities and challenges to the company, Federated Hermes continues to foster employee commitment to excellence in the investment management industry.