Associate, Conversions
Vestwell is a financial technology company powering the new savings economy. They are seeking a Conversion Associate to support various processes that facilitate conversion plans onboarding to Vestwell’s platform, manage projects, and enhance the onboarding experience.
Responsibilities
- Review and record cash and in-kind asset transfers in the trust accounting system
- Work with sub-custodians to settle trades from the point of booking, through settlement for mutual funds, stable value funds, and ETFs
- Manage all operational aspects of the installation process, including coordinating with Implementation Managers and Investment teams, to successfully transition new and conversion qualified plans onto the Vestwell platform
- Ability to work on the deconversion process, including coordinating with receiving record keepers, to liquidate and transfer plan assets from Vestwell’s platform
- Coordinate with financial advisors, plan sponsors, prior record keepers, sub-custodians, and/or third-party administrators to determine onboarding or conversion timelines, action items with delivery dates for all parties, and communicate overall project status to all interested parties
- Oversee and help ensure other team member action items are completed
- Monitor all outstanding conversion wires, ensuring they are prioritized and brought to completion in a timeline manner
- Update, maintain, and review client data within CRM systems
- Ensure collaboration with all internal teams to meet expected timelines
- Support the creation and maintenance of written operating procedures related to assigned functions
- Research and resolve any issues that arise in the course of these processes
- Provide operational assistance for strategic projects and initiatives
- Demonstrate leadership abilities and strong interpersonal skills
- Drive to engage team members through training and collaboration
- Recommend ideas to facilitate process improvement for the Implementations team
Skills
- Undergraduate or graduate degree in Finance or Accounting with a strong academic performance record
- Possess a strong aptitude for numbers, and understanding of cash and traditional securities reconciliation
- Demonstrate an affinity for learning, creating, and iterating rapidly
- Proactive and analytical, able to problem-solve and propose solutions
- Demonstrate a high degree of organization and dependability
- Ability to prioritize tasks and manage client expectations
- Ability to use excel at a high level
- Experience with collaboration, project management, and CRM tools such as Google Workspace, Slack, Salesforce, Zendesk, and Jira
- Possess a good understanding of how mutual funds, stable value funds, and ETFs trade and settle
- General knowledge of ERISA rules and requirements, and experience with one or more compliance / record-keeping systems (e.g. SunGard Relius, ASC, FIS)
- Qualified 401(k) Administrator (QKA) or higher ASPPA credentials
- Relevant record-keeper experience
Benefits
- Competitive health coverage
- Generous vacation offering
- Great 401(k) plan
Company Overview
Company H1B Sponsorship