Operations Specialist
Job Posting for Operations Specialist at Cypress HCM
Operations Specialist (Financial)
Location: Boston, MA
Hybrid: 3 days onsite
Employees: 500| Team Size: 10-15
Industry: Law Firm
The Operations Specialist will provide analytical support to the Wealth Management and Investment Sector. This person will support back-office functions and will be heavily involved in reviewing cash and asset requests, entering custodial accounting systems with proper coding, and sending taxation and descriptions for approval.
Most Important Responsibilities
Compensation: 75 – 80K
Location: Boston, MA
Hybrid: 3 days onsite
Employees: 500| Team Size: 10-15
Industry: Law Firm
The Operations Specialist will provide analytical support to the Wealth Management and Investment Sector. This person will support back-office functions and will be heavily involved in reviewing cash and asset requests, entering custodial accounting systems with proper coding, and sending taxation and descriptions for approval.
Most Important Responsibilities
- Process ad-hoc cash requests including checks, wires, ACH payments, transfers, and receipts.
- Manage assigned request inboxes, review the requests to ensure all necessary information is included and is accurate, and enter requests into the appropriate custodial accounting system.
- Responsible for identifying, setting up, and maintaining all recurring cash items including bill payments.
- Create and maintain client payment schedules and reconcile payment processes daily.
- Review exception reports provided by custodian bank and researching discrepancies, and address discrepancies in a timely manner to reconcile cash balances.
- Assist asset team with asset setup and classification, processing internal account transfers and stock gifting.
- Assist Private Investment Team in processing capital calls and distributions.
- Maintain account and client data on accounting system, including statement setup, client portal setup, address changes, account/client personnel and investment details.
- Bachelor’s degree in financial, accounting, business administration, or related field
- 2-5 years of progressive experience within Trust operations or Wealth Management
- Knowledge of Trust Operations procedures and the processing of induvial account transactions
- Strong Excel skills
- Excellent communication and ability to meet tight deadlines
Compensation: 75 – 80K
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