Nonqualified Fund Operations Specialist

Newport, an Ascensus company, helps employers offer their associates a more secure financial future through retirement plans, insurance and consulting services. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. As a provider and partner, Newport is independent, experienced, and responsive.

Responsible for creation and maintenance of various fund lists, tracking of fund/corporate actions specific to plan liability recordkeeping, and oversight of unique/custom earnings processing, fund setup, and pricing.

Job Functions, Essential Duties and Responsibilities Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions

• Creates and maintains approved and available fund lists, to include Corporate Action processing specific to nonqualified plan liability recordkeeping, minimum investment requirements, and other fund notices where appropriate.
• Monitors and coordinates corporate action changes as necessary with the applicable Operational teams.
• Responsible for oversight and maintenance of fund-specific earnings processing calendar and quality review of the processing (to include fixed rate updates, interest crediting, custom stock earnings, etc.)
• Ability to understand plan setting requirements and specifications to effectively identify potential transactional issues within the recordkeeping system as it relates to funds and fund setup.
• Adheres to all standard operating procedures and controls.
• Manages multiple tasks effectively by balancing high productivity with excellent service quality.
• Pursues resolution of aged items with internal departments and service partners
• Researches and resolves any issues that occur through the client and/or client service managers.
• Acts as a resource/subject matter expert for other team members as it relates to issue resolution, procedure, or system functionality in one or more areas.
• Aids management and departmental teams for all projects as needed.
• Advanced understanding of nonqualified concepts as it relates to liability recordkeeping and trading.
• Interacts with vendors to ensure systems are updated properly and working as anticipated; Escalates vendor issues to management.
• Assists in the creation and maintenance of procedures and policy documents.
• Assists with training responsibilities of more junior staff and new hires; Provides cross training and mentoring, as required.
• Works in a fast-paced, dynamic environment with a high degree of urgency and accuracy
• Good written and oral communication skills, strong attention to detail
• Regular, reliable, and punctual attendance
• Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
• Our Core Values of People Matter, Quality First and Integrity Always® are to be visible in actions on a day to day basis showing support of our organizational culture.

Management Responsibilities

• N/A

Experience, Skills, Knowledge Requirements

• Bachelor’s degree in a business-related field or industry experience, or a combination of education and experience
• Minimum 2+ years’ experience working in a related position in the retirement services sector.
• Fund management preferred
• Strong MS Office skills to include Excel.
• Familiarity with nonqualified liability recordkeeping, asset trading concepts, and corporate actions

We are proud to be an Equal Opportunity Employer

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Originally posted on Himalayas