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Asset Management Operations Associate

Advisor Group locationNew York, NY
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55 positions
55 positions
info linkReport a probelm Originally Posted : November 26, 2021 | Expires : December 26, 2021


Job Location
New york, NY, United States


Asset Management Operations Associate

The associate has an integral role within LTAM that entails operations, compliance, and accounting functions.

The associate is responsible for operational tasks such as:

  • Account Servicing such as processing withdrawals, beneficiary updates, address changes, etc.
  • Administrative Responsibilities including client mailings and contract updates
  • Calculating and debiting wrap fees on managed accounts on the Black Diamond system
  • Monitoring cash flows in accounts and bill accordingly

The associate is responsible for assisting compliance in monitoring the accounts:

  • Track and monitor accounts with systematic withdrawals, restricted positions, pending distributions and any other exceptions
  • Monitor concentration percentages of each fund for trading and risk management
  • Monitor cash flows in accounts
  • Verify previous day's trades
  • Receive and process all account servicing forms for certain platforms (withdrawals, beneficiary updates, address changes)
  • Create dispersion report for accounts with restrictions

The associate is responsible for accounting tasks such as:

  • Create invoices for certain client accounts that do not debit
  • Reconciling payments to anticipated debits
  • Process incoming invoices
  • Preparing projected revenue and profitability reports for executives
  • Manage the team budget and interface with parent company accounting team
  • All other duties as assigned


  • Excellent verbal and written communication skills
  • Dedicated work ethic and strong organizational skills
  • Willingness to work extended hours to meet project deadlines
  • Ability to work independently with little or no direction
  • A 4-year college degree
  • Preferred 2-5 years of experience supporting a Registered Investment Advisor or licensed financial or accounting professional
  • Must possess excellent computer skills and be proficient using Microsoft applications including Excel, Word, PowerPoint and Outlook.


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